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[18 DEC 98] COVENTRY CRUSADERS PRESS RELEASE
Crusaders Sign Deal With Rank

The Coventry Crusaders have signed the "Heads of Agreement" with Rank to play in the new Leisureworld Arena. The details of the contract are now with the solicitors.

There are three key components for the Coventry Crusaders to move forward:

  1. Facility - When the contract is agreed by both parties the Crusaders will hopefully play in a first class arena in November 1999
     
  2. Finance - The Budweiser League require a three year robust business plan to satisfy the Franchise Committee
     
  3. Development Centre - negotiations with Coventry City Council and the Rugby Club are still underway about facilities to be built at the former Butts Stadium

Dip Donaldson, owner of the Crusaders, said

"I look forward to providing first class basketball entertainment to the people of Coventry and a first class development centre for the youth."
   

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CWN / Sport / Basketball / Coventry Crusaders / 18 Dec 98

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