County in the green for second season running

By Jack Gabriel

Leicestershire County Cricket Club announced last week that it had recorded a net profit for the second consecutive year.

The Club has shown an overall profit of £8,813, which is a further increase from the 2015 total profit of £4,315.

Such profits have ended Leicestershire’s three year run of financial losses that accumulated to be in excess of £500,000 from 2012-2014.

Chief Executive Officer, Wasim Khan MBE, said: “Our financial performance during 2016 was similar to 2015 in terms of Operating Profit, suggesting that we have stabilised financially.”

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He added: “This progressive trend will continue as we are also forecasting a profit for each of the next three financial years based upon current plans.”

The total income for 2016 reached an unprecedented £4million, an increase of £617,000 in comparison with 2015’s figure.

Commercial income accounted for 62% of the increase, with the sponsored renaming of the ground and an Elton John concert contributing greatly.

Match day income rose by £15,000, with £11,000 attributed to sales of NatWest T20 Blast tickets, as well as refreshments and merchandise purchased at the game.

Expenditure increased by £615,000, with just over £300,000 being spent on the rise in player salaries and the increased staff and coaching restructure.

Improving the aesthetic appeal of the ground has also accounted for the greater expenditure, largely due to the installation of floodlights and developments to seating and hospitality areas.

Other areas of growth have also been reported by the Club.

Memberships have steadily risen to 2,181, whilst their social-media presence has grown substantially from 13,199 followers to 60,834 from 2015.

The growth of the Club commercially had been mirrored on the field, with the Club mounting a competitive challenge for Division One promotion, achieving their highest points total since 2010.

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