Durham CC’s on-field successes mirrored by healthy profit
June 29, 2010
Durham County Cricket Club has reaped the benefits of their on-field achievements by reporting revenues are up 30 per cent pre-tax profits of US$300,000 for the last financial year.
The Chester-le-Street based club achieved a turnover of over US$10 million last year, up from just over US$8 million the previous year. This was a return to profit after losing almost US$1.5 million in 2008.
The turn around in fortunes has been attributed to hosting a five-day Test Match between England and the West Indies last May, which helped bring in an extra US$1.5 million in revenues.
The improved financial state of the club comes as the side won the LV County Championship for the second season running.
Durham’s Chief Executive, David Harker, said: “We have been through a challenging period but we have maintained our momentum on the playing side and and secured the long-term future of the club off the field. We are now optimistic for the future.”
The club has also secured an Ashes Test in 2013, and signed a six-year sponsorship deal with Emirates Airlines.