If the owners take all the money and the club ends up sharing a rented facility that's another story.
The report does say "CCFC have secured an option to purchase land to develop a new state of the art training ground, on a site which is significantly larger than the current 8 acre one at Ryton"
'Option to purchase' - good. "CCFC have secured", very good. Owned by CCFC is a must.
There is plenty of land available in Warwickshire for this and planning rules are known to be significantly relaxed when a rural site is developed for a sporting purpose. Rugby Town's facility at Kilsby Lane is, I believe, built on what was green belt land. There are 7 full size, 6 mini soccer and two artificial pitches (not full size) there.
My one concern is the funding. Ryton is mortgaged to ARVO (£3m IIRC) and can't be developed until a replacement facility is created. How will it be funded? Sell Ryton to a developer, pay a peppercorn rent for 2 years and then hand over Ryton when the new one is done, makes the most sense I guess. I'm being a bit sceptical here, but I want to see ringfenced cash committed to the project before I believe it will actually happen