Glamorgan’s sale of a stake in The Hundred franchise Welsh Fire has wiped the county cricket club’s debts, despite making a loss last year.
The England and Wales Cricket Board sold eight minority stakes in eight Hundred franchises, handing the majority stakes to host counties.
Glamorgan’s divestment saw them enter into a 50-50 partnership with Sanjay Govil, the Indian-American billionaire who also owns Major League Cricket side Washington Freedom.
The Cardiff-based team’s latest accounts reveal they cleared outstanding borrowings from Cardiff City Council of £1,335,844 and £230,011…