Decision details

Loan Agreement with Yorkshire County Cricket Club: Granting of Consents

Reference: D42323

Decision Maker: Deputy Chief Executive

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decision:

The Deputy Chief Executive agreed to requests from the Yorkshire County Cricket Club to grant the necessary consents under the Council’s loan agreement with the Club to facilitate the club taking on additional borrowing, investment in facilities and entering into a finance agreement.

A report was considered by the Deputy Chief Executive which is attached and which sets out the background to the requested consents, but which at Appendix A contains information relating to the financial or business affairs of third parties and as such Apepndix A was considered to be exempt under Rule 10.4 (3) of the Access to Information Procedure Rules.

In accordance with delegations granted to the Director of Resources (now the Deputy Chief Executive) by Executive Board in May 2008, the requested consents were agreed as it was considered that they would not have any impact upon the Council’s security or materially impact upon the club’s on-going financial ability to meet the repayments of the Council’s loan.

Contact: Doug Meeson, Chief Officer - Financial Services 0113 247 4250 Email: doug.meeson@leeds.gov.uk.

Publication date: 28/04/2015

Date of decision: 30/04/2015

Accompanying Documents: