Northamptonshire County Cricket Club head coach David Ripley said that private investors "have been in talks" with the club over stabilizing its finances, according to Vickers & Spoors of the NORTHANTS TELEGRAPH. Ripley said that there have been talks with several parties -- in addition to Northampton Borough Council -- "about putting the club on a better footing." He said, "I’m aware there’s been lots of discussion with lots of parties: the council and individual supporters." Ripley’s comments came after the announcement that Northampton Borough Council "is willing to lend the club" up to £250,000 ($381,600). If agreed, Northampton Borough Council "would look to offer the cricket club a secured loan" of up to £250,000 to help get the club back to a financially sustainable position. The cricket club’s business plan shows that "the loan would be repaid within five years." A spokesperson said that the council would initially only loan the Club up to £100,000 ($152,600), with an additional £150,000 ($228,900) available "if more support is needed" (NORTHANTS TELEGRAPH, 10/13).
