Potential Headingley sale must not stop play for Yorkshire CCC: The Yorkshire Post says

Cricket may be called a gentleman’s game but at a professional level it is one that also has to be subject of hard-headed commercial decisions.

There has been some alarm at the prospect of Yorkshire CCC selling its famous Headingley stadium as a way of extracting itself from the financial hole the club has found itself in.

Yorkshire owes around £15m to the family trust of former chairman Colin Graves while the fallout from the Azeem Rafiq racism scandal has cost about £3.5m so far and the most recent accounts recorded a £2.2m loss.

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With the stadium, which Yorkshire itself bought in 2005 from the Leeds Cricket, Football and Athletic Company for £12m, now reportedly valued at £23m, it is little surprise a sale is being contemplated, especially in light of rising interest rates making the alternative of refinancing existing debts a challenging proposition.

A potential sale of Headingley Stadium is being mooted. Picture: Danny Lawson/PAA potential sale of Headingley Stadium is being mooted. Picture: Danny Lawson/PA
A potential sale of Headingley Stadium is being mooted. Picture: Danny Lawson/PA

While there are many arguments to be made about how the club has got itself into this situation, relatively new chief executive Stephen Vaughan and the board have to deal with the reality of the financial position in front of them.

Their central aims have to be securing the future of the club and representing members’ wishes.

The key in agreeing any prospective sale would be ensuring contractually that cricket can continue at the ground in perpetuity and choosing an appropriate and committed new owner.

Whatever route the club management ends up going down, guaranteeing that Yorkshire cricket continues at Headingley for generations to come has to be the overriding priority.