Three County Cricket Clubs Reveal Annual Losses
March 9, 2011
Three English County Cricket Club’s announced annual losses yesterday, March 8, for 2010 with Kent posting the highest operating loss, despite making an overall profit due to the sale of land at their St Lawrence Ground home in Canterbury.
The club’s overall profits of £3,535,426 (US$5,727,895), overshadowed concerning operating losses of £595,000 ($964,000). This was majorly affected by a decrease of £243,000 ($393.715) on gate receipts in 2010, a drop of 36 per cent.
Club treasurer Simon Philip stated: “There is no doubt that the World Cup and the lack of a cricket narrative last summer, with the major Test series not starting until late July, had a huge impact.
“With cricket off the back pages throughout, the low profile of the game in the nation’s sporting consciousness in 2010 had a direct effect on the more casual cricket fan.”
The other two sides to have announced losses yesterday were Gloucestershire and Derbyshire who posted post-tax losses of £216,000 ($350,000) and £187,037 ($303,000) respectively.
Gloucestershire treasurer Tony Elgood said: “We clearly cannot continue to run the club at this level of loss.”
He added: “This is the second year running that the club has had a significant deficit.
“We have set a positive budget for the current year and we will be making every effort to ensure we deliver against this budget.”
While Derbyshire chairman Don Amott said: “With the World Cup swamping our FP t20 campaign and new fee payment regulations, 2010 has been a difficult year.”