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The millions generated by the sale of teams in The Hundred franchise should “secure the future of counties for a generation”, says departing Leicestershire chief executive Sean Jarvis.
Richard Gould, chief executive of the England and Wales Cricket Board (ECB), told BBC’s Test Match Special this week that Leicestershire would receive £28m following the sales which raised about £520m.
Speaking to BBC Radio Leicestershire, Jarvis said that was the figure he was expecting to arrive at the club – but warned it must be invested soundly.
“Financially it has been incredibly difficult for a club of our size to compete,” he said.
“£28m is the figure that has been bandied about. We have no reason to not believe that and we should see £28m come to Leicestershire.
“Leicestershire can secure its future for more than a generation if it is spent wisely. The long-term can be really healthy and successful.
“What it must not do is fritter away the money – £28m can easily be wasted as you have seen in other sports.”
BBC News
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