Lord's still set for change

MCC reaffirm commitment following meeting of committee

Last Updated: February 10, 2012 1:44pm

Image text here

Lord's: MCC have reaffirmed their commitment to a scaled-down redevelopment of the ground

Sky Bet

The MCC have reaffirmed their commitment to a scaled-down redevelopment of Lord's following a meeting of its committee.

Last week developers Almacantar put in a revised £100m offer to build a residential development of 275,000 square feet on the club's leasehold land at the Wellington Road end of the ground.

However, the offer - which included an additional contribution of £10m towards supporting young cricketers - has been rejected by the MCC Committee who will now focus on developing Lord's on the club's freehold land only, and with its own resources.

"The committee has confidence in the club's ability to self-fund a redevelopment scheme on MCC's freehold land, and to continue to invest large sums in youth cricket at home and abroad," MCC chairman Oliver Stocken said.

"It believes this is the best way to ensure Lord's maintains and enhances its reputation as the pre-eminent cricket ground in the world and for MCC to demonstrate its commitment to all levels of the game."

MCC president Phillip Hodson is due to write to members to detail the offer, while it was also announced the long-term plans for Lord's would be discussed at the club's AGM on May 2.