 There had been 14 months of negotiations over the proposed sale |
Yorkshire County Cricket Club insisted it was Headingley owners Leeds Cricket, Football and Athletic company who ended the team's hopes of buying the stadium. The Tykes were unable to meet demands of around �1m annually, with estimated annual sponsorship losses of �200,000 due to the new Sky TV deal blamed.
A statement said: "We have no choice but to regard negotiations at an end.
"They were ended by LCF&A unilaterally. There's a 999-year lease of Headingley; we will continue to run successfully."
The club revealed it decided in July 2004 not to pursue the idea of buying the ground, after learning they would have to take on a �21m debt.
There was a strong denial of a rift in the board, as alleged by LCF&A chairman Paul Caddick.
The club added that hopes remained of a future bid, although it "might be less than the LCF&A's commercial standpoint has produced."
Any new bid would also depend on a "substantial benefactor's injection."
MMIX
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