Lancashire Announce Record Profit
Lancashire have announced record operating profits for the 2013 season totalling £3.5 million to the year ending 31st December.
The club also more than doubled its revenues, taking in £19 million thanks to six days of international cricket which saw a new record of 150,000 spectators heading to Old Trafford for the third Ashes Test and a One-Day International against Australia.
Following extensive stadium redevelopment, the club was able to forge new partnerships with major brands, including a 10-year naming deal with Emirates and AJ Bell coming on board to sponsor the Players & Media Centre.
Lancashire estimate that the Ashes Test at Old Trafford gave the local economy a boost of £20 million and in 2014, they hope to build on this as they host Sri Lanka and India - the latter in a Test match for the first time since 1990.
There was also a 36% increase in domestic cricket revenue and the conference, events and hospitality also continues to grow -up by 20% in 2013.
© Cricket World 2014