Wasps take full ownership of Ricoh Arena
Wasps have completed the full acquisition of the Ricoh Arena in Coventry.
It follows the rugby club purchasing a 50 per cent shareholding in Arena Coventry Ltd from Coventry City Council in October (2014).
It has now bought the remaining 50 per cent from the Alan Edward Higgs Charity. Wasps will rename the North Stand of the Ricoh Arena 'The Higgs Charity Stand'.
Chief executive Nick Eastwood said: "We are delighted to confirm our acquisition of the remaining 50 per cent shareholding in the Ricoh Arena.
"Since the news was first announced of our move, we have been overwhelmed by the warm welcome we have received from the local community. We are looking forward to embedding ourselves in the region and helping promote rugby – something we have already committed to by making over 12,000 free tickets available to Coventry schools and rugby clubs."
"We recognise that this announcement might raise concerns amongst the fans of Coventry City Football Club. Wasps remain committed to building a long term and mutually productive relationship with the club and its supporters."
Wasps are set to play their first game at the Ricoh Arena on 21 December against London Irish.