Sussex announce £124,000 loss

February 16, 2012
Hove

by John Sutton

Sussex County Cricket Club have today announced a loss of £124,000 for the year to October 2011.

The loss was largely put down to the redevelopment of the county ground at Hove because the operating income rose by 7% this year to £5.2m.

Sussex’s treasurer Simon Crundell stated: “In interpreting the club’s financial performance it is important to note that the final deficit is struck after depreciation of £403,000, which has increased materially from £233,000 in 2010, as a result of the ground redevelopment.”

In 2011, Sussex yet again showed that they are one of the leading counties on the field by finishing 5th in division 1 of the County Championship, and reaching the CB40 semi-finals, where they were defeated in a rain reduced match at The Kia Oval by Surrey.

In the last week, Sussex have announced the signing of former New Zealand international Scott Styris for this year’s FLT20 competition.

The Scoop 16/02/2012

Add a Comment