Gloucestershire Cricket says the club is now debt-free after receiving money from the sale of teams in The Hundred from the England and Wales Cricket Board. "This is a seminal moment for the club, bringing to an end more than 20 years of carrying borrowings," said Nick Bryan, Gloucestershire treasurer. "Savings on interest will now be reinvested into cricket operations and improving the club's commercial performance." "It saves us a ton of money on interest payments, which can now go into other things that are probably better than paying banks interest," he told BBC Radio Gloucestershire. The problem last year was you traded profitably and lost money on interest payments."