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| Thursday, 29 August, 2002, 13:01 GMT 14:01 UK Yorkshire vote for safety ![]() Yorkshire want to keep top players like Hoggard Yorkshire's players can prepare for Saturday's C&G Trophy final safe in the knowledge that the club's future is assured. At an emergency general meeting at Headingley on Thursday, members approved a move to double Yorkshire's borrowing power from �5m to �10m. The move averted a crisis which would have almost certainly seen the 2001 county champions plunged into bankruptcy.
However, the club's handling of its financial affairs and loss-making commercial operation came under heavy fire along with the role played by chief executive Chris Hassell, who is due to retire shortly. There were demands for the committee to resign en block and calls for a total restructuring of the way the club is run. Yorkshire's financial problems have been caused by almost �2m overspending on the �11m redevelopment scheme at Headingley. The club has already been forced by bankers HSBC to replace the current committee structure with a four-man management team, headed by president Robin Smith. "It will take six or nine months of heartbreak and soul-searching, but I am sure the staff will go along with me," said new chief executive Colin Graves. "We have to get Yorkshire back on an even keel and into a profit situation and then look to the future. I am looking at short, medium and long term. "And I will never spend money that we don't have. I will not push this club further into debt. We have got to reduce the debt and run the club profitably." |
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