Essex Outfielder : The Unofficial Essex CCC Forum
Off-Topic => In The Hut => Topic started by: LeedsExile on February 29, 2020, 09:44:08 AM
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Yorkshire are heralding a record year and have reduced their debt from £24m to £18m. This was based on the perfect storm of an Ashes test that went five days and 4 world cup matches. These circumstances will not be repeated. In fact all Yorkshire have this year are two 20/20 internationals and 4 matches in the hundred in which to accrue additional revenue. In any other realm this financial model would ring alarm bells.
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This is Yorkshire - they are beyond criticism or sanction by the ECB -
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Yorkshire are heralding a record year and have reduced their debt from £24m to £18m. This was based on the perfect storm of an Ashes test that went five days and 4 world cup matches. These circumstances will not be repeated. In fact all Yorkshire have this year are two 20/20 internationals and 4 matches in the hundred in which to accrue additional revenue. In any other realm this financial model would ring alarm bells.
Hence why they and most other counties went for the '100' shilling.
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Suspect two 100's might be OK, but the the penny will drop with the public, or the multifarious changes will bamboozle them, and the last two won't be as well attended.
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Reading deeper into Yorkshire's accounts I see that the Graves family have two outstanding loans each of £4,703,500 earning interest of 4.875% a year. These are set to run for at least 5 more years. The best rates available to the likes of us are a fraction of these.
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Reading deeper into Yorkshire's accounts I see that the Graves family have two outstanding loans each of £4,703,500 earning interest of 4.875% a year. These are set to run for at least 5 more years. The best rates available to the likes of us are a fraction of these.
This of course creates no conflict of interest whatsoever for Mr G.
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The only good news ( perhaps, and hopefully) is that Graves stands down in November and hasn't done a Putin, as he has once before, and tried to extend his command of the sport. I hope his successor will be more amenable to the county game and the sport in this country in general but I am not holding my breath.
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I still cannot fathom how Graves is allowed to be involved let alone vote etc in anything involving Yorks given his apparent conflict of interest , roll on Nov when he (finally) steps down, not a moment too soon.
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I think I’m more worried about the fact that Mr Graves is up for chairman of the ICC.
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Reading deeper into Yorkshire's accounts I see that the Graves family have two outstanding loans each of £4,703,500 earning interest of 4.875% a year. These are set to run for at least 5 more years. The best rates available to the likes of us are a fraction of these.
I'd agree that this rate is higher than what we would get in an bank account - but the sad fact is that if Yorkshire went to a bank for a loan of this size it's likely that the interest rate would be around this level.
I am not saying this in support of Graves - just noting this fact though!