Warwickshire announce profit for 2011

January 19, 2012

by JimmyGuano

Warwickshire County Cricket Club have announced an operating profit of £326,828 for the financial year that ended on September 30th, 2011.

This was much needed news at Edgbaston, after recording a loss of £2,102,883 in 2010. This was largely down to the redevelopment work of the new pavilion side of the ground.

With an increased capacity in 2011, the Edgbaston Test match produced a combined attendance of 110,000 fans for the third Test against India. The West Midlands club also had the luxury of hosting the domestic Twenty20 finals day, where Leicestershire beat Somerset in the final.

The capacity has now increased to 25,000 and in a time where all counties are desperate to secure international fixtures, it was felt that this redevelopment would keep them in favour with the decision makers at the ECB.

Craig Flindall, Warwickshire’s 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.”

Warwickshire also performed well on the field in 2011 by finishing 2nd in the County Championship after narrowly being overtaken by Lancashire on the final day of the season.

The Scoop 19/01/2012

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