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Last Updated: Tuesday, 26 April, 2005, 12:59 GMT 13:59 UK
Coventry announce stadium sponsor
Takahisa Yokoo (Ricoh), Paul Fletcher (Coventry Arena Ltd) and Nigel Palmer (Ricoh) at Coventry's new stadium
Coventry's new 32,500-seater stadium will be called the Ricoh Arena after the club signed a 10m sponsorship deal with the Japanese IT giant.

The Sky Blues are leaving Highfield Road and will move to their new home in time for the start of next season.

The Arena features an exhibition centre, hotel and fitness facilities.

The whole development is costing 113m and is situated close to Highfield Road, which has been the midlands side's home for 106 years.

Ricoh UK managing director Takahisa Yokoo said: "We are extremely pleased to be involved with such a high profile and exciting development."

"This is fantastic news for the Arena and more importantly it is fantastic news for the city as a whole," added Ken Taylor, leader of Coventry City council.


WATCH AND LISTEN
Interview: Coventry chairman Mick McGinnity



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