An update from the Board of Yorkshire County Cricket Club.
The Board of Yorkshire County Cricket Club said: “We remain at a critical point in the future of Yorkshire County Cricket Club. The Board is squarely focused on securing the financial security of the Club and we are continuing the positive conversations around investment from various sources.
“We have been notified that Colin Graves has decided to withdraw his application for Chair. We are disappointed that he has decided to do so publicly and are obliged to make it absolutely clear that at no point did Colin make a clearly defined, tangible offer that the Board was able to consider formally, unlike other interested parties involved in the refinance process.
“We have consistently outlined that the new Chair would be appointed using a fair, thorough and robust process, which is ongoing. Colin indicated that the terms of his return as Chair would require total control of the Board and Executive. This would run counter to that process, as well as the best practice governance requirements set out in the County Governance Code that were agreed by all counties in 2019.
“Colin also makes a number of allegations about the Board’s actions in regard to finances which are unfounded and indicate a distinct lack of understanding of the current position of YCCC. The short and long-term financial wellbeing of the Club remains the Board’s priority, and we will not be distracted by speculation which is unhelpful to our primary objective of securing the future of Yorkshire County Cricket Club and making it a welcoming Club for everyone.”