Ground redevelopment delayed

Good news regarding Sussex legacy

Cricinfo staff

March 12, 2008

Sussex have received notification from the Inland Revenue that the Spen Cama legacy of £12 million will not be subject to corporation tax. There had been concern that the amount could be subject to 40% inheritance tax.

Gus Mackay, the county's chief executive, said that "we are delighted with the decision and we were always confident of the outcome".

The decision ensures the long term financial future of the club and more importantly, will allow a substantial development project to take place at Hove. However, the Club is in the process of finalising the tenders for the Gilligan Stand development but initial indications are it will exceed the budget. As a result, the board agreed to review the master ground development plan. A result is that the planned work will now be postponed pending the outcome of the review.

"Now that the HMRC investigations have been concluded, this is an ideal opportunity to revisit our master plan," David Green, Sussex's chairman, said. "We are mindful that cricket is growing in popularity, both in England and internationally, and therefore we need to develop facilities that meet the potential demands. Our recent success has placed the club at the heart of the community, therefore were want to provide a facility that we are all proud of in Sussex."

© Cricinfo

Add to del.icio.us | digg this | Stumble It What's this? If you liked this article and would like to share it with others on the web who might be searching for good content on cricket, you may use these buttons. When you add them to any of these sites, you "social bookmark" them for others to find and rate. More on del.icio.us>> More on digg>> More on stumbleupon>> Close

WI v Aus edition now live - Play now Cricinfo Cricket Quiz NEW Cricinfo fantasy game: Sri Lanka v India - starts July 23 Enter your team now Cricinfo on the go - our mobile services WAP and Mobicast

Stories

Revenue investigation delays Hove redevelopment

Teams

England

Sussex

Grounds

County Ground