Warwickshire Cricket Club Show Big Change of Fortune by Returning to Profit

January 19, 2012

Warwickshire County Cricket Club have announced a 50 per cent increase in turnover last year and a dramatic return to profit following the completion of the £32million ($49.5m) redevelopment at Edgbaston, advice

The club made a profit of £326, look 828 ($505, order 867) in the year ending September 2011, compared to a loss of more than £2m ($3.1m) in 2010.

Craig Flindall, Bears’ finance director, said: “The redevelopment is an essential part of creating a more rounded and robust business model and has already shown to be paying dividends for the club after it was opened on schedule for the India Test Match in August.

“The main contract was also delivered under budget, which represents a significant achievement for the club.

“It has made the last 12 months one of the most exciting periods in the club’s history and these results are certainly a step in the right direction following the disappointment of 2010.”