February 28, 2013
Sussex County Cricket Club have announced they have made a loss of £325,375 for the financial year to October 2012.
Sussex finished 2012 finishing fourth in the County Championship division one, and were beaten semi-finalists in both the CB40 and the FLT20 competitions.
In what was a wet summer in 2012 Sussex saw their match income being 22% down on the previous year. The County ground at Hove is well known for its support of the Sussex team and the clubs Board will be hoping they can regain this appetite of the fans in 2013.
Speaking about the financial situation of the club chairman Jim May said: “Sussex is a stable club with no borrowings and cash reserves of around £1 million. The county club business model is marginal and without our success in one day competitions, Sussex would have made an operating loss.”
Sussex will be hoping to push again for silverware in 2013, and provide some high profile matches at the County ground attracting big crowds.
The Scoop 28/02/13