Skip to content
Saturday 15 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,750.11
-0.21%
DAX
26,440.31
+0.53%
CAC 40
8,636.80
-0.16%
STOXX 50
6,539.59
-0.09%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Monday 03 October 2016 10:54 pm

English cricket bosses relegate financially-stricken Durham after handing out rescue package

By: Ross McLean

Add as a preferred source on Google

 

Durham cricket chiefs have expressed their disappointment after the financially-stricken club was handed a string of sanctions, including demotion, by the England and Wales Cricket Board (ECB).

The north-east outfit have been relegated to Division Two of the County Championship, docked 48 points for next season and stripped of their Test match status after receiving a £3.8m bailout from the governing body.

Durham will also face a four-point penalty in the 2017 T20 Blast and two-point deduction in the One-Day Cup, while the club will also be subject to a salary cap until 2020, determined by the ECB.

“We are clearly disappointed at the position we are in and the sanctions we have accepted,” said Durham group chief executive David Harker.

“It is important that the club addresses its serious financial challenges and puts the business on a sustainable footing and therefore we have had to accept the conditions offered by the ECB.

“Other counties have faced serious financial challenges but have been able to find other solutions, including private investors, without this reliance on the ECB.”

Durham’s woe has provided a reprieve for Hampshire, who will be reinstated to Division One after being relegated to the second tier.

“I have enormous sympathy for Durham and the financial difficulties they find themselves in,” said Hampshire chairman Rod Bransgrove. “The fact that Hampshire benefit from all of this is fortuitous for the club and will give us all a great boost as we plan for next summer.”

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Life&Style

Categories

  • Sport

Related Topics

  • Cricket

Trending Articles

  • Revolut takes flight with launch of new airport lounges

  • Grandparents fund university degrees to avoid inheritance tax net

  • Revolut chatbot goes rogue by charging users to cancel subscription

  • Brompton Bicycle sues former adviser for ‘professional negligence’

  • As It Happened: Stocks dip as oil’s ‘slowing demand’ in focus; Iran threatens to extend war

More from Morning Wire

  • Ben Stokes bombshell shows how power has swung to sport’s players and coaches

    Sport Business
    Business professionals discussing strategy in a modern office setting with laptops and documents on a wooden conference ta...
  • Financial gap between Hundred host counties and others widening, report warns

    Sport Business
    A male cricketer in an orange and black uniform looks concerned during a match, surrounded by other players.
  • SailGP, rugby and PJL: Inside the new £50m budget sporting asset class

    Sport Business
    Getty Images logo on a digital screen, representing media and stock photography in a business news context
  • Reading FC bidder banned by financial watchdog for forging £170m bond portfolio

    Sport Business
    Reading Football Club crest on a blue and white banner, with EST. 1871 visible.
  • Ed Warner: Why I’m optimistic about the future for Sussex Cricket

    Sport Business
    Financial graph with upward trend, symbolizing business growth and success.
  • Cricket Betting Sites 2026 – Best Cricket Betting Sites UK

    Betting
    Cricket enthusiasts engaging with top online betting platforms, showcasing user-friendly interfaces and live match updates.
  • PwC sign sponsorship deal with major cricket team

    Sport Business
    Getty Images logo on a modern office building facade under a clear blue sky, representing media and photography industry p...
  • Not enough bums in Brum: Why so many empty seats at European Athletics Championships?

    Sport Business
    Runners from Great Britain, France, Netherlands, Germany, and Italy competing in a track event.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook