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Wasps owner Derek Richardson has been terminated as a director of Ricoh Arena operating company ACL.

However, Mr Richardson remains chairman of Wasps Holdings, which sits at the top of the structure of companies relating to the Premiership rugby club’s business.

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Mr Richardson was appointed as a director of ACL in December 2014 - shortly after the rugby club completed the 100 per cent purchase of ACL from its then shareholders Coventry City Council and the Alan Edward Higgs Charity.

But his directorship was terminated on February 15, the same day as two new directors were appointed - finance director John Parker and Ricoh Arena managing director Andrew Gibb.

They join Wasps deputy chairman Nick Eastwood and chief executive David Armstrong on the board of ACL.

Ricoh Arena row

Despite stepping down from the ACL board, Wasps officials say Mr Richardson will remain closely involved.

A spokesman said: “Derek remains on the Board of Wasps Holdings as chairman – Wasps Holdings is the top company in the corporate structure.

“Derek came off the board of the operating companies as he is less involved in the day-to-day detail of those.

“This is very normal in any corporate structure and Derek remains as closely involved as always.”

Wasps also dismissed any suggestions Mr Richardson departure from the ACL board was motivated by the ongoing legal action over the Ricoh Arena between Coventry City Council and the owners of Coventry City Football Club.

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