As I think the article points out (I scanned it and I'm not venturing onto the Mail site again), Yorkshire are an ideal choice for a takeover being host to a Hundred franchise. Plus they owe all that money to their former Chairman. I don't see it as the end of the world, they're buying a county- while also getting a slice of a franchise.
Would Essex be such a tempting target? There's no Hundred franchise, but there's a lot of support, a player development pipeline and close links to a wide community of potential players. Build a new stadium or somehow manage to improve Chelmsford, and attract a Hundred franchise, and there's an opportunity for someone with deep pockets and a bit of imagination.
I hope that doesn't happen of course, but I'm struggling to see a way forward.