The former Newcastle United owner Mike Ashley has taken over the Coventry Building Society Arena after buying its three operating companies. The acquisition by Ashley's Frasers Group of the 32,609-seat stadium has provided Coventry City Football Club with a permanent home next season and has secured the future of 1,000 jobs in the stadium, which houses a hotel and a casino. The ground was also the home of Wasps rugby club before it went into administration last month. - The Times