Glam seek £1m loan to boost Swalec

Glamorgan have asked Cardiff Council for an additional £1m loan to meet increased costs in adding another 2,000 seats at the Swalec Stadium in a bid to increase it to a 17,500-capacity venue.

The county originally borrowed £4.5m to help fund £9.5m of work at the Swalec Stadium, which hosted the first Ashes Test in 2009. But after extra work was required, including drainage to the outfield and upgrading the media facilities, costs were pushed up to £11.3m.

In return for the extra money, Glamorgan have pledged to repay the whole council loan by 2023, five years earlier than originally agreed.

Glamorgan’s loan request is expected to be treated with sympathy by the council especially as the Ashes Test two years ago brought an estimated £4.6m into the city economically.

During the forthcoming season Glamorgan are set to host England’s first Test against Sri Lanka in May followed by an England v India one-day international in September.

As well as repaying the loan ahead of schedule, the cricket club said it would also establish a “community benefits” package. This would include Glamorgan providing coaching sessions and free tickets for youngsters and support for community events.

This entry was posted in CB40, County cricket, England, Glamorgan, LVCC2, Richard Thomas, The media, Twenty20 and tagged , , . Bookmark the permalink.

Comments are closed.