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Warwickshire CCC given cash boost

Warwickshire CCC have reported increased turnover and a more positive financial picture as they prepare for a big summer of cricket.

Colin Povey
Colin Povey

Warwickshire have reported increased turnover and a more positive financial picture as they prepare for a big summer of cricket.

The club said revenue for the year to October 2014 had risen from £11.7 million to £12.5 million and earnings increased from £1.43 million to £1.66 million.

The news came despite not staging a Test match in 2014 – although hosting the T20 Blast finals day was a money-spinner as well as a cricketing highlight, as the Bears secured their first T20 title.

The club remain in the red, but have reduced losses, with a 2012/13 pre-tax loss of £2.37 million falling to £1.21 million this year. The overall loss for the year dropped from £2.4 million to £1.5 million.

Among the big matches in Brum this summer are an England-New Zealand one-day international in June and an Ashes Test in July.

The club’s operating profit increased from £5,000 to £230,000, but they were hit by a net depreciation charge of £1.4 million related to the stadium’s redevelopment.

Chief executive Colin Povey said: “The club continued to make solid progress in 2014 both on and off the field.”

Among the major matches awarded to Edgbaston are the England-Pakistan Test in 2016, England-West Indies Test in 2017 and five World Cup matches in 2019.

 

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