Surrey announces record profits 23/03/2010 |
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Surrey County Cricket Club has announced a record profit of £752,000 for 2009.
Hosting World Twenty20 matches and the deciding Ashes Test helped boost the club’s turnover to £25.5m for the year – an increase of £1.5m on 2008.
Chief executive Paul Sheldon said: "We are pleased to announce significant increases in turnover and profits, and believe that these results are testament to the hard work of our staff during what has been a particularly challenging year commercially.
"We need to continue to produce these levels of profit in order to meet our commitments to professional and recreational cricket in Surrey by investing in players and other grassroots initiatives, as well as servicing our debt on the OCS stand and continuing the improvement of our ground.
"As we look to the future, we are very conscious of the need to diversify our income streams, and we expect to continue the expansion of our business activities through the building of a new hotel at the ground, in partnership with Arora International."
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