Revitalised Derbyshire in the black for six years on trot
Derbyshire County Cricket Club have recorded a surplus of Â£2,653 for the financial year ending December 2016.
The club say that the sixth consecutive year of surplus signifies their continued progress and the significant turnaround since Chris Grant’s election as chairman in 2011 on the back of a £187,037 loss.
For a third year in a row, Derbyshire posted a record turnover in 2016 which was largely driven by a considerable increase in commercial income. This increase has allowed the club to again boost their cricket budget, while also improving facilities for members, supporters and media partners at The 3aaa County Ground.
Derbyshire’s latest phase of ground development, which included the completion, on time and on budget, of a new £2.2 million OKI business and media centre, was influential in Derby’s bid to be a major broadcast venue at the ICC Women’s World Cup in 2017.
Grant said: “I’m extremely proud to have overseen six successive years of surplus, and also grown turnover to record levels since being elected in 2011.
“This has been a tremendous achievement given the huge challenge that keeping a first-class county afloat entails, and it is an enviable track record.
“The increased revenue has allowed us to continue our commitment to the cricket budget, while also investing in improving the ground.
“It is also no exaggeration to say that The 3aaa County Ground is unrecognisable from what it used to be as a result of a £4 million development programme, which will see the club host the opening fixture of this year’s ICC Women’s World Cup and Sir Elton John in concert.
“I would like to extend a big thank you to our members, supporters and 1870 Business Club partners for your continued support.”
Chief executive Simon Storey added: “A sixth successive year of surplus is testament to the hard work of our off-field team to keep us in the black, year after year. We are always balancing investment, growth and our ambition to deliver a sustainable long-term business.
“We continue to move in the right direction, but it is important that we build on this as we look to continue to increase our investment on the field.
“We have a packed schedule of cricket and non-cricket events in 2017, which will be a special year for the city.”