Friday, April 17, 2009

Redevelopment plan collapses in ruins

The ground redevelopment plans are collapsing faster than the western economy. The £20 million funding offer from the council has been blocked by it's scrutiny committee. Behind this decision is thought to be the findings of a risk assessment by Deloitte which places doubts on the ability of the club to repay the loan (which has already been touched upon in this blog). The council cabinet could overrule the scrutiny committee however.

Meanwhile on (Somerset's) pitch Somerset are 202-2 at lunch in reply to the Bears' 500.

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