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Economic Development

Warwickshire CCC chief calls on ECB to release reserves

Colin Povey says help needed in county game and urges England and Wales Cricket Board to adopt a less "greedy" approach

Colin Povey at Edgbaston

The chief of has called for cricket's governing body to stop sitting on its reserves and help the county game.

The England and Wales Cricket Board (ECB) saw its cash pile grow by almost a quarter to £44 million last year after a profit of more than £9 million.

Warwickshire chief executive Colin Povey said a more equitable approach to sharing income from the game could ease the "stress" on county cricket clubs which struggle to remain in the black.

The Edgbaston boss has outlined a wishlist to the ECB to help county clubs to manage their finances, including a less "greedy" approach to fee expectations and longer-term match schedules.

Mr Povey told the Post: "They sit on 30, 40, 50 million pound reserves while the counties continue to be tight for cash and in a challenging environment.

"If you go back a couple of years it was clearly not right that they had no reserves, but with the transformation that has gone on in the marketplace and if you stopped looking at the ECB in isolation and saw it as a group holding company for the game, then the stress levels at counties would be eased if they used finances differently. They could make it more comfortable.

"I'm not advocating an easy life but I don't think things need to be as tight as they are currently at the counties, which market the game and invest in players."

The ECB's latest accounts, for the year to January 31, 2014, show a turnover of £123.3 million, up from £111.2 million the year before, with profits rising to £9 million, compared to a £1 million loss in 2013.