• Loading stock data...
Thursday, October 9, 2025

English Soccer Club Gets New Owner

  • Coventry City FC has been acquired by Yelo Enterprises CEO Doug King.
  • King purchased an 85% stake in the club from previous owner SISU Capital Ltd.
CCFC

A second-division English soccer club has a new majority owner. 

Coventry City FC has been acquired by Yelo Enterprises CEO Doug King, who purchased an 85% stake in the club for an undisclosed amount from previous owner SISU Capital Ltd. 

The transaction clears all debt for Coventry City before King’s initial agreement in November 2022. The total debt for the club reached $35 million for the financial year ending May 31, 2021.

  • The Sky Blues compete in the English Football League Championship and are currently ranked 14th in the 24-team league’s standings.
  • The EFL Championship is the second-highest division overall in the English football system, following the Premier League.
  • Coventry City reported a $5.7 million loss for the financial year ending May 31, 2021, compared to a $4.1 million loss for the same period a year prior.

King is also the majority owner of RCMA Capital LLP. The London-based hedge fund manager oversees more than $400 million in investments. 

Problems at Home 

In December 2022, Coventry City received an eviction notice from the new owners of Coventry Building Society Arena — the club’s home field since 2005. The Sky Blues were asked to leave after refusing a “less favorable” lease offer from British retail and sports company Frasers Group, which took over the lease at CBS Arena in November 2022 for $21 million.

View of field and stands from inside the Coventry City goal

English Soccer Club Evicted from Stadium

An English professional soccer club no longer has a home.
December 5, 2022

That same month, Coventry City agreed to a short-term deal to keep playing at CBS Arena.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jul 19, 2019; South Bend, IN, USA; Liverpool defender Virgil van Dijk (4) passes the ball in the second half of a preseason preparation soccer match against the Borussia Dortmund at Notre Dame.

Liverpool’s $598M Gamble Looks Pretty Average on the Pitch—So Far

Liverpool struggles after historic offseason spending and lofty expectations.
Signs promoting the FIFA World Cup Final coming to MetLife Stadium in East Rutherford, NJ on Wednesday Feb. 7, 2024. The World Cup is held every four years and the 2026 World Cup Final match will be played at MetLife Stadium.

High Ticket Prices Define First World Cup Presale

Most fans weren’t picked for the pricey first presale window.

Featured Today

Paul Cartier

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.

Connor McDavid Signs Short-Term Deal, Eyeing Oilers’ Cup Window

The three-time Most Valuable Player signs for below his market value.
September 30, 2025

Tyreek Hill’s Injury Complicates Financial Future With Dolphins

Releasing the receiver after this season would cost $28 million.
October 1, 2025

Cardinals Vow Changes Coming After Historic Attendance Drop

A stalwart franchise looks to correct an alarming slide in attendance.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
Jun 12, 2025; New York City, New York, USA; New York Mets first baseman Pete Alonso (20) and relief pitcher Edwin Diaz (39) celebrate after defeating the Washington Nationals at Citi Field.
September 29, 2025

Two of the Mets’ Biggest Stars Could Dictate Important Offseason

The Mets missed the playoffs despite having one of baseball’s highest payrolls.
September 29, 2025

Mariners to End 37-Year RSN Run, Join MLB’s In-House Media Model

The Mariners-owned regional sports network is shutting down operations.
September 25, 2025

Celtics Owner Bill Chisholm: Boston Should Have a WNBA Team

Chisholm spoke to reporters Thursday for the first time as Celtics owner.
Aug 30, 2025; Phoenix, Arizona, USA; New York Liberty head coach Sandy Brondello calls out a play in the second half to her team against the Phoenix Mercury at Footprint Center.
September 25, 2025

Liberty GM Defends Controversial Brondello Firing

Kolb said he has confidence that the team’s stars will return.