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SBD Global/April 10, 2013/Finance

Gloucestershire County Cricket Club Records Record Profit Of $4.4M Despite Poor Weather

Gloucestershire County Cricket Club made a trading surplus of £108,000 ($165,000) during the financial year ending Jan.y 31 "despite enduring the wettest summer in living memory," according to Andy Stockhausen of the Bristol POST. The club made a record profit of £2.9M ($4.4M) but £2.8M ($4.2M) of this "took the form of a payment from Linden Homes for the lease of part of the County Ground in Bristol." Gloucestershire’s trading surplus is its biggest since '07, and suggests the club is "at long last ready to return to long-term profitability after years of struggle." A major project to redevelop Gloucestershire’s Nevil Road headquarters "is already under way and a new and enlarged pavilion is due to open in July this year" (POST, 4/8). ESPNCRICINFO.com reported the club's financial performance was "still very good" even without "that significant income." The poor weather "reduced gate receipts" by £57,000 ($87,000) and membership by £30,000 ($45,000) although it was "aided by a one-off" £200,000 ($306,000) grant from the ECB (ESPNCRICINFO.com, 4/8).
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