Can you ever imagine that a stadium that hosted matches of just concluded London Olympics can see the darkness of closure? Yes, this is something that is being happened with Ricoh Arena, a small stadium having just 32000 seating capacity and belongs to Coventry City Football Club, coz its 130-year-old club in on the bank of a liquidation. The news is noteworthy for English soccer fans coz this is something that should have not been done with a legendary club who has been facing financial problems off late. The more than a century old club has been the FA champion back in 1987 perhaps it has then been one of leading soccer clubs in the country and enjoying his prominent position since last 34 years, but after that, it saw a downfall both in its balance sheet as well in its status and was relegated to a third tier club. Actually, the financial crunch at the club started when a long pending dispute between its owners, a hedge fund, and landlord of its stadium escalated to the court of … [Read more...]