The Marylebone Cricket Club (MCC) committee have revealed that they have dropped plans for a 400 million pounds major redevelopment of Lord's in favour of a gradual upgrade on a stand-by-stand basis.
According to the Daily Mirror, the club has decided to increase the current 30,000 capacity in stages after sealing a money-spinning deal with the England and Wales Cricket Board (ECB) to stage Tests and ODIs until 2016.
"The award of a long-term package of major matches by the ECB has given the club confidence to fund a redevelopment scheme on our freehold land on its own. We would like to thank Almacantar, the property developer who we have been working with, for their work in presenting possible development options to the club," MCC chairman Oliver Stocken said.
"Ultimately the committee agreed on the way forward, probably beginning with the enhancement of the Tavern and Allen stands, which will significantly improve amenities," he added.
Lord's is widely referred to as the "home of cricket" and is home to the world's oldest sporting museum. (ANI)