Durham financial rescue package 'unanimously agreed' by county council

Breaking news

Durham have had a financial rescue package “unanimously agreed” by Durham County Council.

The North East club’s loans of £3.74m have been converted into shares, with repayment of the debt put on hold.

Durham were relegated from Division One of the County Championship over their financial issues on 3 October.

The county, who accepted a financial aid package approved by the England and Wales Cricket board, will start next season with a 48-point deduction.

More to follow.

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