Former Newcastle United owner Mike Ashley is set to be named as the 'preferred bidder' for the Coventry Building Society (CBS) Arena, home to Coventry City and Wasps.
It was reported in early October that Ashley, who sold the Magpies last year to a Saudi-led consortium for a reported £305 million, might be interested in buying the stadium and now it appears as though he is ready to send in a bid.
Richard Keys, lifelong Coventry City fan and football pundit, claims that Ashley is ready to make a deal for the arena but isn't interested in buying either one of the clubs who play there.
