Lancashire reach mini-bond target
Lancashire County Cricket Club have hit their £3m target from a mini-bond launched to fund the development of a four-star hotel at their Old Trafford ground.
The five-year initial fixed-term mini-bond is thought to be the first in the sport.
Daniel Gidney, chief executive at Lancashire County Cricket Club, said: "We're excited to have beaten our target for The Cricket Bond, which has enabled us to put investment back into the sport through the development we're planning at the iconic Emirates Old Trafford.
"Not only has this been an extremely successful business initiative – but it has enabled our supporters to play a leading role in the future of this great club. And there is still time for people to get involved."
The bond is open for applications until Monday (10 November).