The future of Northamptonshire County Cricket Club looks uncertain after a request to the ECB for emergency financial help and an examination of the benefits of selling their ground and moving to an out-of-town location.

The club, who have already borrowed several hundred thousand pounds from a group of directors earlier this year, have been instructed by the ECB to undergo an independent financial review to ascertain whether they fill the criteria for borrowing. It is believed they require around £500,000 to meet urgent financial obligations.

The ECB has assisted counties in the past but with a full-scale review of the professional game in progress, it cannot be assumed that further largesse will automatically be forthcoming.

Whether Northants seek to move headquarters or even become the first of the first-class clubs to dissolve remains to be seen. Increasingly, though, the current arrangement appears unsustainable.

Northants declared a loss of £305,636 last year and are forecasting another heavy loss for 2015. They have already accepted that their prize asset, the England one-day allrounder David Willey, is likely to leave the club at the end of the season - Willey is contracted until the end of 2016 but had a verbal agreement allowing him to leave if he wished - and are looking at other cost-saving measures. The player wage bill is certain to be reduced.

Former club captain Stephen Peters, Scotland international Kyle Coetzer, fast bowler Maurice Chambers and David Murphy are all expected to leave at the end of the season, while younger players such as Ben Duckett, the former England U19 captain, and Rob Keogh, who is the subject of interest from Essex, could also depart.

The deeper concern is that this time of year, with T20 revenues secured, should be easier in terms of cash flow. Most clubs suffer more in the autumn when income streams dry up and bills have to be paid.

Northants have previously borrowed from Northamptonshire County Council to redevelop their ground and to maximise potential revenue from T20 cricket.

They were scheduled to repay the money from ECB receipts, but that income has been damaged by the international retirement of Graeme Swann and the non-selection of Monty Panesar. In the past, Northants have received performance-related payments (worth over £100,000 a year for Swann) as the 'developing club' of the two spinners.

Financial pressures have encouraged an examination of whether Northants should abandon their ground, situated close to the centre of Northampton, and move to a spot further out of town.

Indeed, ESPNcricinfo understands that the club have invested in a research project to identify a potential new location for the ground and, with the local council's help, are considering a patch at Sixfields near Northampton Town's stadium.

The cricket and football clubs used to play on adjoining grounds until the football club upped sticks in 1994. Northants members would need to sanction such a move.

The club bought the freehold on their Wantage Road ground in May 2012 and had the site valued, in its current condition, at around £4.5m. With planning permission, it could be worth more than £10m. The club's chairman, Gavin Warren, is also a director of a Bleu Star Land and Property Ltd; a company whose tag line is: "unlock the full potential of your assets."

The club state there is a covenant on their ground which makes it impossible to obtain planning permission. They also claim they have not applied for an emergency loan from the ECB. Both these claims are disputed by club insiders and sources at the ECB.

Underlining the impression that club is ailing, ESPNcricinfo also understands that Northants was reported to the ECB for failing to have lunch prepared for players and officials during the Championship match against Derbyshire. The chief executive, Ray Payne, is also not a full-time presence at the ground.

In the shorter term, the County Tavern, the pub owned by the club, could also be sold. It has been listed for sale before - and valued at around £550,000 - but withdrawn before completion. However, if the directors' loans have been taken against the value of the pub, the sale of it may not benefit Northants CCC. Such matters will be scrutinised by the independent financial review before any loan is approved.