County council steps in to save Durham cricket



CASH-STRAPPED Durham are set to survive as a first-class cricket club after county councillors voted unanimously yesterday for a rescue deal.
Durham agreed a £3.8 million bailout with the England and Wales Cricket Board (ECB) earlier this month — which includes sanctions such as relegation to League Two and a 48-point penalty at the start of the next County Championship season.
Then, on Wednesday morning, Durham County Council announced that they had accepted for a plan to convert £3.74m in outstanding loans to the club to shares in a newly created community interest company.
Durham’s... read more

 
20 October 2016 in Art & Culture, Views: 38
Source: Morning Star
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