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Leicestershire County Cricket Club Secures $1.4M Loan Ahead Of Women's World Cup

Leicestershire County Cricket Club secured a £1M ($1.4M) loan from the city council to "improve its facilities in time for next year's Women's World Cup," according to ESPN. The loan, which will be repaid in full from Leicestershire's England & Wales Cricket Board grant in '18, will be serviced at a 5% interest rate and "secured by a formal legal agreement between the club and the ECB." It follows Leicester City Council's lifting, in Feb. '14, of a 50-year-old covenant that had "previously restricted development at the club." Grace Road was named earlier his month as "one of the five venues for the Women's World Cup," alongside Taunton, Derby, Bristol and Lord's. Leicestershire's CEO Wasim Khan said, "Our plans include improving public Wi-Fi, increasing the number of quality food and drink outlets to reduce queuing, and developing our existing stands all around the ground" (ESPN, 2/25).

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