Judges hearing SISU's appeal on the Ricoh Arena verdict have supported Judge Hickinbottom’s original ruling and dismissed the appeal outright.
Council Leader, Cllr Ann Lucas and Council Leader elect, Cllr George Duggins said: “We are delighted that the appeal judges have fully supported Judge Hickinbottom’s original ruling.
“We have always been confident we could robustly defend our unanimous and cross party decision by all councillors at Full Council in January 2013 to support the new loan arrangement to ACL. The decision was taken to protect the interests of Coventry taxpayers and secure the future of an important sporting, cultural and economic asset for the city.
“We have taken no pleasure in finding ourselves in court defending our decision and in having to spend council taxpayers’ money defending a series of legal challenges from SISU, although we are pleased that SISU has been ordered to pay the Council’s costs.
“We urge SISU to abandon further costly, lengthy and pointless legal proceedings and focus on working with key partners to develop a sustainable business plan for the future which puts the football club and its success at its heart.”
See the full judgement.