Monday 28 March 2011 

Essex Confirm £40,000 Loss During 2010

Essex Confirm £40,000 Loss During 2010
Essex Confirm £40,000 Loss During 2010
© Action Images / Scott Heavey
 

Essex have confirmed a loss of £40,000 after publishing their end-of-year annual report and statement of accounts.

"It was another challenging year with a loss of some £40,000," treasurer Keith Brown said. "While this was an improvement on £216,000 loss in 2009, it is still unsatisfactory. There were positives in the result with strong membership and match income. One day matches contributed 90% of our gate income, and the Club is financially very dependent upon Twenty 20 games.

"Sponsorship and advertising income has been under pressure while our retail operation in High Chelmer made a loss – this has now closed.

"2011 will again be a difficult year especially in the light of the current economic environment. Uncertainty over the future of one-day games particularly Twenty 20 brings added pressures on our income in 2012, which will require us to look at all areas of expenditure."

© Cricket World 2011