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Cricket: Second straight annual loss for Yorkshire
Yorkshire have posted a loss of £460,000 for 2011 - their second consecutive deficit.
The figures are more encouraging than in 2010, when the county’s costly experiment with hosting the neutral Test between Australia and Pakistan contributed to a loss of £1.8million.
Yorkshire said the figures were in line with expectations due to there being no Test at Headingley last year and predicted an improvement in the 2012 accounts due two England matches at the ground this summer - a Test against South Africa and a one-day international versus the West Indies.
A club statement read: “Yorkshire County Cricket Club will inform its members at the Annual General Meeting (AGM) on Saturday 24 March 2012 that it has generated turnover of £5.4m and a post-tax deficit of £460,000.
“These results are in line with expectation and are significantly improved over 2010, where a £1.8m deficit was reported. Although the club is disappointed to be reporting a second consecutive loss, the results are consistent with forecast and reflect the club not staging a Test match in 2011.
“2011 attendances were hugely encouraging, with over 12,000 people attending the Friends Life T20 match against Lancashire, and a sell-out for the one-day international against Sri Lanka.
“2012 will be a much better year for the club financially with the return of a full international match schedule. Advance ticket sales for both the England v South Africa Test match and the England v West Indies ODI are higher than hoped for at this stage and, with international cricket guaranteed at Headingley Carnegie Cricket Ground until 2019, the club is now far more confident about its financial future.”
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Saturday 26 May 2012
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