Talks are underway for rugby's Tigers, who play at the 16,000-capacity Welford Road, to move to the Walkers Stadium in a link-up "unique in British sport", reported the BBC yesterday (Tuesday).
"We have agreed in principle to create a joint company to buy the Walkers Stadium and turn it into a sports super stadium," they said in a statement.
"Both clubs believe this would be a visionary and ground-breaking venture."
The Tigers consistently sell out Welford Road, while the Walkers Stadium holds 32,500 fans.
"The stadium would be re-branded, inside and out, to reflect its joint ownership and a new playing surface would be installed to accommodate both football and rugby," the statement continued.
"The work would be carried out in time for the start of next season.
"The stadium would also be used to host international football and rugby matches, other sporting fixtures, concerts and special events.
"Discussions are taking place with the governing bodies for football and rugby, and between Leicester Tigers and the city council to agree a satisfactory financial settlement for the surrender of Tigers' lease on the Welford Road site and between Leicester City and the American institution who owns the stadium."
City chief executive Tim Davies said: "(It) will cater for our footballing and rugby supporters as well as accelerating plans to become a major entertainment venue serving all of the people of Leicestershire and the surrounding regions."
