Bermuda-based Derwent Holdings yesterday lost its court battle to prevent Lancashire Cricket Club from developing its Old Trafford ground.Derwent owns a nearby White City Retail Park and was trying to block Lancashire’s joint planning application with supermarket giant Tesco.Lancashire chief executive Jim Cumbes, who had warned ahead of the review that the outcome would “make or break” the club’s future, said: “This is a historic moment for Old Trafford, as it will ultimately secure the future of international cricket in Greater Manchester and the North West as well as enabling us to fulfil our promises to local schools and the local community at large.“This development has undergone every kind of scrutiny and delay possible and we have successfully cleared every hurdle put in front of us. We can now turn our attention to the work that needs doing to enable us to submit our bid for an Ashes Test match in 2013.”Two new grandstands and a refurbished pavilion will ensure a capacity of 15,000, with scope to rise to 25,000 with the use of temporary seating. Floodlights and a new replay screen also feature in the £70 million plans.