1) It is recommended that the City Council agree to loan the sum of £700,000 to Leicestershire County Cricket Club. Such a loan is to be charged at an interest rate of 5% and to be repaid by the English Cricket Board ( ECB) directly, conditional upon terms contained with paragraph 3.3 of the report being met.
2) It is also recommended that £700,000 be added to the capital programme for this loan to be funded by the proposed repayment by the ECB