Worcestershire reports loss 25/01/2010 |
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Worcestershire County Cricket Club has announced a pre-tax loss of almost £120,000 for the year ending September 30, 2009.
The deficit of £118,439 compares with a profit of £359,856 in 2008 and illustrates the difficult year the club has had.
Worcestershire finished bottom of Division One of the Championship, where it failed to win a game and did not progress to the latter stages of any of the knock-out limited-overs tournaments.
The club’s chief executive Mark Newton said: "These disappointing figures are the result of a number of issues we faced last year – particularly the recession, the poor fixture schedule and the team's performance.
“While the recession will continue to have an impact commercially, we have addressed the fixture schedule which will be a great deal more spectator friendly in 2010."
Newton added: "We invested heavily in the team last year but unfortunately performances failed to meet expectations. A number of senior players have since moved on and our cricket budget has been reduced by around £300,000 this year. We expect to return to a surplus position this year."
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