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Council rescue package to save cricket club

Durham Council has approved a rescue package to secure the future of the county’s cricket club and avoid losing £3.7m it granted in loans.

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By Dan Peters | 20 October 2016

Durham Council has approved a rescue package to secure the future of the county's cricket club and avoid losing £3.7m it granted in loans.

Last week the council approved a request from the England and Wales Cricket Board (ECB) for the authority to convert its outstanding loans to the club into redeemable preference shares in a newly-formed community interest company (CIC).

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Dan Peters

Popular articles by Dan Peters

  1. Council information call ahead of early prisoner release
  2. Inspectorate looks to scale back diversity publishing
  3. Unite members to be balloted over industrial action
  4. Ministers: Increase the pace of fixing unsafe buildings
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