Whilst it remained closed from 2008, until 2019 where it was finally purchased, various community projects were launched and many parties shown interest in trying to get the building back in to use once again. The Ritz was placed back on the market back in June 2008 at a lower asking price of £1.2 million, down from its original £1.5 million price tag, due to "abortive negotiations" with an interested party. Around the same time, rumours were circulating that fashion retailer
Primark were taking on the site, but these were denied by chartered surveyors Wright Silverwood. In November 2009, it was sold privately to a 'mystery' investor, who was believed to be from Nuneaton, but the investor was not named. It failed to meet the £320,000 reserve price at auction. In February 2010, a year later, "serious interest" was shown in the building by two national leisure operators and a national retailer, neither of which were bingo operators, as a covenant was made with Gala Bingo whilst they had the building which meant it could not be used as a bingo hall again after its closure. In July 2013,
flyposters were replaced with cinema-related art when local Nuneaton-based group,
Art Alert, visited the venue as part of their 'Friends of the Ritz' project. In 2013,
film director Ken Loach who was born in Nuneaton, backed a £5m plan for the venue to be used again, though nothing came of the plans. On 27 February 2019, the building was sold for £339,500. == Compton organ ==