Paul Farbrace guided Sussex to a fourth-place finish in Division One of the County Championship last season. Sussex head coach Paul Farbrace has told club members his future - and that of his players - at Hove is uncertain after the club's AGM laid bare the extent of its financial problems.

While Farbrace dismissed reports all-rounder James Coles had already been approached by Hampshire, he told a Q&A session after Tuesday's meeting he expects some of his players to be targeted by other counties later in the season given the club's vulnerable position. The 58-year-old also said he had no idea if he would still be at the club in a year's time.

Sussex posted losses of £1.3m in 2025 and face the prospect of another £1m shortfall this season. They are operating under restrictions imposed by the England and Wales Cricket Board (ECB) after an emergency bailout from the governing body.

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Farbrace told the AGM his squad were angry and disappointed when they were made aware of the extent of the club's plight but that they remain fully committed to Sussex.

It emerged at the meeting that the conditions of the rescue deal also require any new signings to be pre-approved by the ECB. With Sussex expected to be in special measures until January 2029, this is likely to have a major impact on recruitment in the coming seasons, particularly with regard to signing overseas players.

While the arrival of Australian Daniel Hughes and India's Jaydev Unadkat for this season are unaffected by the ECB's constraints, Sussex will start their campaign next week against Leicestershire with a 12-point deduction as a consequence of their "sustained operating losses". They have also been docked a point in each of the season's two limited-overs competitions.

A review of the club's structure and governance will be undertaken by management consultant Campbell Tickell with findings expected in June.

Should any Sussex supporters have been in any doubt as to the seriousness of the club's financial plight, they were made abundantly clear at a question and answer session following the club's AGM last night. The 12-point County Championship deduction for this season has so far been the main headline but the consequences of the club running out of cash run far deeper.

Chief executive Mark West clearly laid out the conditions under which the club must now operate to comply with ECB bailout, perhaps most notably that the club will need the governing body's permission to sign any new players.

However, the main wrath of the meeting was directed to members of the board - some of whom have now resigned - as to how the club had recorded a trading loss of £1.3m for 2025, with a further loss of £1m expected this year.

In answer to a question from the floor, West concluded that despite exploring all options the club had run out of cash, and had no option than to accept the conditions imposed by the ECB.