Leicestershire: County Championship club seeks investment under mounting financial pressure

Jarvis said the “model” of how the club generates money needs to be addressed, with it “being very difficult to survive on cricket alone”.

With the club’s 20-year-old seamer Josh Hull about make his England debut, following Foxes team-mate Rehan Ahmed on to the international stage, Jarvis said the “direction of the club is exciting”.

Leicestershire, who in 2023 won the One-Day Cup, generated more than £5m in turnover for the second successive campaign last term – with £3.7m coming from central funding from the England and Wales Cricket Board (ECB).

They are the latest club to seek investors, with Hampshire in “advanced” talks with Delhi Capitals co-owners GMR Group about a takeover, while Yorkshire and Middlesex are also attempting to attract new backers.

Jarvis, who previously worked as CEO at football club Huddersfield Town, said there was near-unanimous agreement among members to “explore” which investors would be interested in buying a stake in the East Midlands side.

“Obviously there is a big journey to go through on changing from where we are with a membership model to private ownership,” he said.

“We have begun that process and it is, and I will stress this, very early days. I’ve spoken to a number of individuals who are interested in chatting further. There are consortiums out there that are saying ‘OK, we’ll chat and see where it goes’.”

Jarvis added that there has been interest in the club from overseas.

“We have to explore all those things that give Leicester a brighter, stronger future,” he continued.