Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Monday 03 October 2016 10:54 pm

English cricket bosses relegate financially-stricken Durham after handing out rescue package

By: Ross McLean

Add as a preferred source on Google

 

Durham cricket chiefs have expressed their disappointment after the financially-stricken club was handed a string of sanctions, including demotion, by the England and Wales Cricket Board (ECB).

The north-east outfit have been relegated to Division Two of the County Championship, docked 48 points for next season and stripped of their Test match status after receiving a £3.8m bailout from the governing body.

Durham will also face a four-point penalty in the 2017 T20 Blast and two-point deduction in the One-Day Cup, while the club will also be subject to a salary cap until 2020, determined by the ECB.

“We are clearly disappointed at the position we are in and the sanctions we have accepted,” said Durham group chief executive David Harker.

“It is important that the club addresses its serious financial challenges and puts the business on a sustainable footing and therefore we have had to accept the conditions offered by the ECB.

“Other counties have faced serious financial challenges but have been able to find other solutions, including private investors, without this reliance on the ECB.”

Durham’s woe has provided a reprieve for Hampshire, who will be reinstated to Division One after being relegated to the second tier.

“I have enormous sympathy for Durham and the financial difficulties they find themselves in,” said Hampshire chairman Rod Bransgrove. “The fact that Hampshire benefit from all of this is fortuitous for the club and will give us all a great boost as we plan for next summer.”

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Life&Style

Categories

  • Sport

Related Topics

  • Cricket

Trending Articles

  • Government intervenes on foreign takeover bids for UK defence firms

  • Wayve hands London private market ‘major boost’ with $85m share sale

  • Mr John Wrottesley Appointed as New General Manager of International Cable Protection Committee (ICPC)

  • Nothing fails to file accounts months after dissolution threat

  • NBA Europe bids fall short of $500m mark for some city franchises

More from City PM

  • Government to invest £3m in five new cricket domes

    Sport Business
    General news image depicting an unnamed event, highlighting key aspects of the latest developments in the article.
  • Cricket Betting Sites 2026 – Best Cricket Betting Sites UK

    Betting
    Cricket enthusiasts engaging with top online betting platforms, showcasing user-friendly interfaces and live match updates.
  • Is football eating itself? Not before it eats other sports first

    Sport Business
    Breaking news event gathering with journalists and cameras capturing a live press conference in a bustling media room
  • Kia Oval worth £80m to the UK economy as Test gets underway

    Sport Business
    Cityscape at dusk showcasing skyline with prominent skyscrapers under a vibrant sky, ideal for business news context.
  • Rod Bransgrove: Hampshire saviour hailed by new owners GMR as he steps down

    Sport Business
    High-level business meeting with executives discussing strategic plans for 2026 in a modern conference room
  • Wimbledon to stay on BBC as grand slam bucks paywall trend

    Sport Business
    Business professionals networking at a corporate event with modern office backdrop, engaging in discussion and exchanging ...
  • Monzo taps into English cricket with The Hundred sponsorship

    Sport Business
    Getty Images logo with abstract design elements in a news/business context
  • Two T20 franchises to merge as external investment nears

    Sport Business
    Business professionals discussing strategies in a modern office setting with laptops and documents on a conference table

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy