Sussex announce £124,000 loss
Hove Crowd
SUSSEX County Cricket Club has revealed a loss of £124,000 for the year to October 2011.
Figures released from Hove today show a seven per cent rise in operating income to £5.202m, but the loss is largely due to depreciation of the redeveloped County Ground.
Chief executive Dave Brooks said: “With the £8m ground development program coming to a conclusion, the Club now has an excellent facility available all year round for both cricket and non-cricket events. The management team look forward to developing the Club on and off the field to ensure a sustainable future for cricket in the County at all levels. We are proud of our achievements over the last 3 seasons and remain determined to be one of the leading counties in all aspects of our business.”
Treasurer, Simon Crundwell added: “In interpreting the Club’s financial performance it is important to note that the final deficit is struck after depreciation of £403k, which has increased materially from £233k in 2010, as a result of the ground redevelopment.” And chairman Jim May said the club was pleased with the ‘continued progress of our trading position.’
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