Company backed by Mike Ashley plots new stronghold in Coventry
Frasers is at the heart of a scrum for ownership of the Wasps rugby stadium in Coventry, as part of Mike Ashley’s plan to make the city his new stronghold.
Insiders said last night that Frasers is intensifying efforts to acquire the 32,609-seater Coventry Building Society Arena (CBS), which filed notice of its intention to appoint administrators two weeks ago.
Specialists from FRP Advisory are now racing to secure a solvent sale of the stadium, which is also home to Coventry City, in the next fortnight.
Frasers is said to be keen to put its stamp on Coventry and demonstrate its commitment to the area as it seeks planning permission for a vast new headquarters on the edge of the city.