Ray Ranson has been Coventry City chairman since December 2007

Coventry City chairman Ray Ranson says that the club are not likely to exercise their option to buy half of the Ricoh Arena any time soon.

Ranson believes that stadium ownership is not his number one priority.

"At some point in the future it will make financial sense to do it," Ranson told BBC Coventry & Warwickshire. "But not at the moment.

"There's a false perception that it solves all our problems, it doesn't. It doesn't even come close."

Ranson added: "We've got other priorities at the moment. The option is until 2015.

"If we're in the Premiership or top half of the Championship with 25,000 people and we've got a team that's established and really doing well, then we'll look at it."

This month marks the second anniversary of Ranson's arrival as chairman, when his company Sisu saved the cash-strapped Sky Blues.

E-mail this to a friend

Printable version