Yorkshire’s board has “agreed to recommend” the loan offer from Colin Graves which is set to see the former chair make a controversial return to the club.
The financially-stricken club are in desperate need of cash to ward off the threat of administration.
Other options – including a mooted deal with former Newcastle United owner Mike Ashley – failed to fully materialise and have left the way clear for Graves to come back in at a club he served as chair between 2012 and 2015.
It has been reported that the Graves consortium’s offer – which still needs the green light from club members at an extraordinary general meeting – includes an immediate loan of £1million, followed quickly by new investment worth a further £4m.
Yorkshire said in a statement on Wednesday evening: “The Board of Yorkshire County Cricket Club has tonight agreed to recommend the loan agreement from Mr Colin Graves.
“The club will be sending a notice to members tomorrow (Thursday 11th January) ahead of an EGM which will outline the details of the offer as well as the resolutions and rule changes that are required to be ratified by members at the EGM.”
Graves’ return will be controversial, given the racism scandal which has engulfed Yorkshire in recent years, an episode which partially took place during his first stint in charge.
His money has saved the county from financial oblivion once before, when he first became involved in 2002, and he is now eager for a second act at Headingley, where debts to the Graves family trust are close to £15million.
Graves told talkSPORT on Tuesday: “The ball is in the Yorkshire board’s court to make a decision, but my interest is real, it’s absolute, and that’s for one reason and one reason only, and it’s to save Yorkshire County Cricket Club. None of us wants to see that institution disappear.
“It’s not in a good place so from my point of view that’s the reason I’m doing this. I’m passionate about the place and I want to make sure that Yorkshire County Cricket Club survives and prospers.”
Yorkshire last year admitted an England and Wales Cricket Board charge of failing to deal with systemic use of racist and discriminatory language over a period between 2004 and 2021, a time in which partially they were under Graves’ watch. He said last June in an interview with Sky Sports that no allegations of racism were raised to him.
Former Yorkshire spinner Azeem Rafiq, who blew the whistle on racism at the club in 2020 leading to investigations by Yorkshire and subsequently the ECB, said on Tuesday he was aware Graves’ return was “inevitable” and added: “It is going to be a sad day for all those that have suffered racism.
“Unfortunately I think the members’ vote (to ratify Graves’ return) is probably the most inevitable part. From my social media interactions it seems clear where the membership will go. It’s not for me to sit here and try to change their mind but I would say be careful what you wish for in terms of his plans for the club.
“Whether it’s members, sponsors or people who work at the club, history will remember which side you were on.”
On Wednesday, the local MP for Headingley made a last-ditch call on those who had the financial means to provide Yorkshire with an alternative option to approving the return of Graves.
Alex Sobel, the Labour MP for Leeds North West constituency which includes the county’s Headingley home, warned the Graves consortium he would oppose any move to make the club a private limited company which would remove members’ voting rights, and called on those with the means to assist him in achieving the goal of keeping Yorkshire as a members’ club.
“Yorkshire Cricket belonging to the members of the club and their ownership of the historic Yorkshire Cricket Club is at the heart of our county,” he told the PA news agency.
“I will oppose any attempt to take Yorkshire away from members and make it a private entity as it will be done for profit and weaken accountability and long-term viability.
“I call on anyone who wants to see the club stay with the members and safeguard the progress it has made who has means to help safeguard the club to come forward. I will work with anyone who has the same goals as me to save Yorkshire Cricket.”
Representatives of the Graves consortium have been approached for comment.
Maxwell leads Australia to opening T20I victory
Glenn Maxwell's impressive 43 powered Australia to a 29-run victory over Pakistan in their opening T20I, which was heavily affected by rain.
Both teams were able to play seven overs each after a thunderstorm in Brisbane delayed proceedings, but it did not affect Australia's performance as they took a 1-0 lead in the three-match series.
Matt Short (7) and Jake Fraser-McGurk (9) were both taken early, but Maxwell's 43 off 19 balls, which included eight boundaries, turned the tide.
Abbas Afridi (2-9) took him and Tim David (10), but with Marcus Stoinis' 21, the damage was already done as Australia finished 93-4.
Pakistan struggled to gain any momentum, with none of their first six batters hitting double figures and Sahibzada Farhan's eight was the best of that group.
The wickets toppled thanks to Xavier Bartlett (3-13) and Nathan Ellis (3-9), and even though Afridi salvaged some pride with his unbeaten 20 to help them reach 64-9, they fell short of their target.
Data Debrief: Home advantage
Despite the shortened nature of the game, Australia still made their mark in some style. They extended their winning run in Brisbane in the process, with this their fifth T20I victory in a row at The Gabba.
On the other side, Babar Azam will have been hoping for a better performance on what was a landmark day for him - he has now made the outright most appearances for Pakistan in T20Is (124), overtaking Shoaib Malik. He also broke the record for the most catches by a fielder in T20Is for Pakistan (52), going past Fakhar Zaman's 50.
Salt century gives England winning start to West Indies T20 series
Phil Salt hit a superb century as England drew first blood in their T20 series against West Indies, with a commanding eight-wicket victory at the Kensington Oval.
Salt's unbeaten 103 off 54 balls was the highlight for the tourists, who successfully chased down their target of 183 with 19 balls to spare.
The West Indies endured a difficult start and were reduced to 18-3 and later 117-8, with Saqib Mahmood (4-34) and Adil Rashid (3-32) doing the damage.
However, the hosts managed 65 runs in the last 5.2 overs to finish at 182-8, with Gukadesh Motie knocking 33 off 14 balls along the way.
Salt kick-started England's chase with 50 off just 25 deliveries taking them to 73-1 after six overs, with Will Jacks (17) dismissed with the final ball of the powerplay.
Jos Buttler's first match after four months out lasted just three minutes, as the skipper was caught by Motie for a golden duck.
However, it proved a false dawn for West Indies, with Salt and Jacob Bethall (58 from 36 balls) safely steering England to victory.
Data Debrief: Salt completes hat-trick of hundreds as Bethell makes historic half-century
England put their disappointing ODI series behind them, making history with the highest T20 chase at the Kensington Oval.
Salt was the hero with his third T20I century, all of which have come against West Indies in the past 12 months.
Bethell also made history on Saturday. Aged 21 years and 17 days, he become the youngest England player to score a 50 in a T20I.
Asalanka leads Sri Lanka to ODI series win over West Indies
Sri Lanka wrapped up the ODI series against the West Indies with a five-wicket victory in Pallekele.
The hosts successfully chased down their opponents' total of 189, giving them an unassailable 2-0 in the three-match series.
Sri Lanka controlled the early powerplay - Asitha Fernando (3-35) and Maheesh Theekshana (3-25) took two wickets apiece to leave the tourists at 31-4 in the ninth over.
Wanindu Hasaranga (4-40) then claimed three of his four wickets as Roston Chase, Romario Shepherd, Hayden Walsh and Alzarri Joseph were all dismissed in the space of 14 balls.
However, Sherfane Rutherford (80 off 82 balls) and Gudakesh Motie (50 not out) steadied the ship to take the Windies from 58-8 to 189.
Although Joseph claimed Avishka Fernando (9) in the fourth over, Nishan Madushka and Sadeera Samarawickrama both chipped in with contributions of 38 to get the hosts to 112-4.
Skipper Charith Asalanka (62 not out) led the charge thereon, while Kamindu Mendis (11) comfortably got them over the line with 34 balls remaining.
Data Debrief: Rutherford-Motie historic stand proves academic for tourists
West Indies were looking to level the series, but their hopes were not aided by Sri Lanka's impressive bowling.
Rutherford and Motie did their best. Their partnership brought 119 runs, which is their nation's highest ninth-wicket stand in ODI history, breaking the previous record of 85 between Yannic Cariah and Alzarri Joseph.
However, it ultimately proved in vain as the hosts secured the series with a game to spare.
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