Jan 23 2012 By Jon Batham
The Lord’s tenants, who are back in the top tier of cricket’s County Championship this season announced a three-year deal with the west London-based wealth management company last week.
Chief Executive Codrington welcomed the partnership calling it ‘great news.’
However, he stressed it was a deal to offer financial stability in a time of economic squeeze rather than an excuse to splash cash willy-nilly on contracts and more player recruitment.
He said: "It is more a question of we can carry on as we are and develop as we have done over the last two to three years, rather than stalling programmes because we have to cut back too much.
"Over the course of the last 8-10 years the two division structure created an inflation in player’s wages that was beyond what the market could sustain.
"That’s why when you see the finances of a lot of cricket clubs, they purport to be in difficulty and yet if they are going to remain competitive they have got to pay the salaries of the players.
"So it is a balance between paying that money and yet not allowing it to go too far and saying if you want to chase that money then we can’t afford it."
Despite his typically frugal approach the Seaxes’ Supremo has allowed Director of Cricket Angus Fraser add Joe Denly and Ollie Rayner to the squad over the winter as well as offering contracts to promising youngsters like England youth international Adam Rossington.
He added: "Overall it has been very busy and we are very settled as a squad.
"We have got a good mix of experience and youth in the side with on the one hand Chris Rogers and Corey Collymore and people like that and the exciting talents of the Stirlings of this world at the other."