Derbyshire Announce 2007 Year-End Profit

Derbyshire County Cricket Club has recorded a strong financial result for 2007 with a declared profit of £22,024. The above budget surplus is an excellent result in a year blighted by poor weather and disappointing results on the field. All the county’s Twenty20 matches were badly affected by the wet weather with two cancelled completely and the Chesterfield Festival was forced to be postponed from mid summer until the end of the season. The Club has benefited from increased revenue from the England and Wales Cricket Board but owing to strong non cricket commercial activity and sound cost control, Derbyshire have been able to spread the benefits of the additional ECB payments into 2008. Chief Executive Tom Sears said: "To be able to announce a strong surplus in a year so badly affected by the weather is a testament to the strong foundations we have put in place at Derbyshire. It was important to follow the excellent results of 2006 with another year of sound financial performance and we have done that. "The weather affected all our match day revenues significantly with gate revenue down by £40,000 and this had a knock on effect with our secondary revenue streams such as retail, hospitality, bars and catering. In addition we again invested significantly in our cricket and facilities as we will continue to do. "The way we have maximised all revenue opportunities, cricket and non cricket, and kept costs under tight control is a result of the excellent work of our staff team who have been outstanding. This has allowed us to maximise the benefits of the extra ECB revenues instead if using it all as a sticking plaster in a challenging year" Chairman Don Amott said: "I am very pleased we have built on the good work of the previous two years and recorded an above budget surplus for 2007. It is difficult to remember a summer so blighted by the weather and the effect has been a significant one but we have come through it superbly. "As a result we have been able to invest significant funds into our cricket both in terms of playing staff and the support structure and we look forward to seeing improved results." © Derbyshire CCC
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