Lancashire County Cricket Club's director of cricket Mike Watkinson says the new naming rights deal with Emirates will benefit cricket.
He told ITV Granada that the club will use the money to attract the best players and to invest in developing home-grown talent.
More top news
A man was left for dead after a gang of four left him with a fractured skull in a suspected homophobic street attack in Rochdale.
The chairman of Southampton appears to have killed off any hope of Liverpool signing defender Virgil van Dijk.
A second man has been arrested on suspicion of murdering Jiri Ulman in north Manchester.