Arena Coventry Limited (ACL), Arena Coventry (2006) Limited and IEC Experience Limited have confirmed that they have applied to the Court for the Companies to be placed in administration. We anticipate that the administration orders will be made in the forthcoming weeks.
The Companies and the proposed administrators from FRP Advisory have run an accelerated sales process to sell the business and assets of the Companies and have identified a preferred bidder.
The Arena will continue to trade as normal. We would like to thank all the working parties involved in helping the Companies get to this stage and we are delighted that the doors will remain open to this flagship venue.
Arena Coventry Limited (ACL) has confirmed further updates will be provided in due course.