Former Newcastle United proprietor and Sports activities Direct CEO, Mike Ashley, has made a transfer that hints he could possibly be returning to soccer in England.
Having bought the Premier League membership final yr, Ashley has now purchased Coventry Metropolis’s dwelling floor, the Coventry Constructing Society Enviornment, after the group that holds the lease to the stadium had been positioned into administration, reviews the Daily Mirror.
Enviornment Coventry Restricted utilized to be positioned into administration following the collapse of Wasps Rugby. They’ve now been introduced out of administration by Ashley’s Frasers Group, who’ve accomplished a £17million buy of the stadium operators.
Coventry have performed on the CBS Enviornment through the turmoil and just lately introduced their very own takeover. Funding agency Sisu Capital have agreed to promote an 85 per cent stake within the Championship membership to native businessman Doug King.
King did attempt to purchase the stadium earlier than Ashley, however his bid failed.
Regardless of the current takeover, it’s but to be seen if Ashley will make a transfer for some a part of Coventry within the close to future or will likely be pleased simply leasing the stadium out to the Championship membership.
Though it’s a small return to soccer, it hints that the Sports activities Direct CEO nonetheless needs to be concerned within the sport and will make a transfer to be an proprietor of a membership once more sooner or later.
Ashley bought Newcastle final yr to Saudi Arabia’s Public Funding Fund, which was met with delight by the Magpies followers, and eyed a possible transfer for Derby County over the summer time, however the Rams had been as a substitute bought to David Clowes.