A new stand will be constructed in the Oval cricket ground © Getty Images (representational photos)
A new stand will be constructed in the Oval cricket ground © Getty Images (representational photos)

The venue for final Test of The Ashes 2015 is the Oval Cricket ground in London, England. The officials who are in charge of the proceedings here have put into motion a bond for 3.5 million pounds to build a new stand in there. Richard Gould who is the chief executive of Surrey County Cricket Club (who are the owners of the ground) said, “This stand will complete the modernisation of the Oval. The Peter May and Tony Lock stands, which are coming down [to be replaced by the new stand] are 30 to 40 years old. They are pretty tired with no toilets, no bar and no catering. The new stand will have 1,300 extra seats and a roof garden, which will be a pleasant place to watch cricket. It will also be shaded by a ‘living’ wall [of plants] on the outside so it is very eco-friendly.” READ: England vs Australia at The Oval — ducklings and goslings

Gould was quoted by The Financial Times  as saying, “We sent out an email to our 10,000 members last week and we have had 1,000 expressions of interest already, so a great response.” He was speaking in relation to members who were able to apply for 2 to 2,50,000 pounds of the agreement; the rest of the quota is open to the general public for the coming week. There is also a cash voucher of 5.5 per cent in the bond. As of now, the Surrey cricket club is taking the count up to 6.5 million pounds in the form of bank loans to construct a new stand. Gould also said that Surrey’s income has also increased in the last few years. Three million pounds were earned through T20 matches and about four million pounds from meetings and seminars.

“We have been around since 1845 and our financial position is extremely solid. We have a great deal of confidence in our ability to repay,” he added. Construction of the stand will begin at the end of the season. Gould said that since the schedule is very tight hence the expected month for completion is May.