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ECB press Durham creditors for rescue package
- Updated: October 10, 2016
The ECB have contacted Durham’s creditors to try to negotiate a part writing-off of debts to put the county on a firmer financial footing.
The message to creditors is that, unless debts are further reduced, Durham’s involvement in events such as the 2019 World Cup cannot be guaranteed and their long-term viability remains uncertain.
Durham have received a £3.8m bailout from the ECB. They have been relegated from Division One of the County Championship because of the need for emergency ECB support during the season and have been told that they will no longer be allowed to bid to host Test matches at Chester-le-Street.
That, though, is only part of the approach. An ECB spokesman told the Newcastle Chronicle: “ECB has written to Durham County Council and the North East Local Enterprise Partnership asking them to support an all-creditors solution to enable Durham County Cricket Club to move towards a fully …
