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 very wet and windy day today, the wind being the main issue. We widely expect gusts of 60mph, even inland, with travel disruption possible
Winds strengthening overnight, gusts of 60mph by Tuesday morning, 70mph at the coast - possible disruption to travel and energy services
A 15-year-old girl has died after she collapsed while playing in a football match in Lancashire.