Kent Announce Return To Profit

10 January 2012

Kent are back in the black in 2012.

©Kent CCC

Kent chairman George Kennedy has announced a return to profit for the cash-strapped county. Speaking of the county’s improved financial situation, Kennedy said, “We’re delighted to announce an operating profit for 2011 of £188,000, compared to a loss of £595,000 in 2010. After taking into account taxation adjustments and interest charges, the overall profit was £379,000.”

The club’s headquarters - the St Lawrence Ground in Canterbury - have seen much change over the past 12 months with a renovation of Ames Stand, Underwood and Knott Stand, and the Chiesman Pavilion part-financed by the sale of the Bat & Ball field, the old practice nets and the club office block to a property development company. All of this work has helped turn the club into a year-round business venture thanks to the resulting conference and event facilities.

Work is currently underway on phase two of the development - a new office complex and Sainsbury’s Local Store - with phase three set to include a three or four-star hotel on the Old Dover side of the ground.

This latest positive news comes off the back of other good news stories for the county in recent weeks; something which led Kennedy to deliver a bullish assessment of the club’s future, adding, “These financial results, coupled with the recent appointment of Jimmy Adams as head coach, gives me great confidence in the future of Kent cricket.”

The county have also announced the addition of new players in the form of Ben Harmison and Michael Powell in the recent past, all of which has gone someway to rectifying that dark day in September when three Kent stalwarts announced that they were leaving the club, and the future of club captain Rob Key was called into question.

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