Wasps and Coventry City Football Club (CCFC) have announced that Arena Coventry Limited has extended the current license agreement with CCFC at the Ricoh Arena for two further seasons, until the end of the 2017/18 season.
This allows both clubs to plan ahead with certainty over the next two and a half years.
David Armstrong, Wasps Group CEO, said: “Naturally we are very pleased that Coventry City will continue playing at the Ricoh Arena until at least the end of the 2017/18 season.
"We have always said we are keen to work alongside the football club and for the Sky Blues to stay at the Ricoh Arena, which continues to be their home as well as Wasps’ home.
"We look forward to continuing to build a strong working relationship with Chris Anderson and his team. CCFC have made a very strong start to the season and it has been an exciting style of football to watch.
"It is no surprise that attendances have risen in tandem with their successful start and we wish them the very best for the remainder of the season.”
Chris Anderson, CCFC Executive Vice Chairman, said: “We are pleased to reach an agreement to stay at the Ricoh Arena for the foreseeable future.
"I have already said on several occasions that it is important for us to have security about where we are going to play football next year and know our supporters and stakeholders join me in looking forward to an exciting second half of the season.
"I would only add that I appreciate the co-operative spirit in which we have come to an agreement with Wasps.
"I will continue to work with David and his colleagues to make the Match Day experience enjoyable for all Sky Blues supporters and visitors and productive for both of our businesses.”