Lancashire to announce debts

CRICKET: Lancashire have alerted members they are set to announce losses of around £2m, the worst ever recorded by a county cricket club, and conceded that unless the Tesco-funded redevelopment of Old Trafford is finally cleared within the next two months, their future existence could be under threat. “If we don’t develop, there is no international future for the ground and then we either become a much smaller club or we disappear completely,” said Jim Cumbes, the club’s chief executive.