Essex Make Profit
Made Profit In 2001
By Dave Buxton
April 18 2002
Essex County Cricket Club have announced a profit of more than £64,000 for 2001 despite the club being relegated from Division One of the County Championship. However, with big name players coming in this season, David East warns a deficit for 2002.
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The profit of £64,312 for 2001 compares with a loss of £111,589 the previous year. ECCC Chief Executive David East said: "We are all delighted with the financial performance for 2001, particularly in the light of our very poor season on the field. Unquestionably 2001 was boosted by the visit of the Australian Tourists, but other income has increased significantly and great credit goes to our Commercial team for all their efforts. We have undergone some major restructuring of the Club in the last 18 months and it is pleasing to see all the work paying dividends. But with so many big name players brought in during the winter, David East warns that the club's future is under serious threat. East said: "We do, however, have great concerns about the future. With playing costs escalating to unprecedented levels it is likely that 2002 will once again show a significant deficit. It is becoming increasingly difficult to balance the demands for success on the field with the financial reality that all County Cricket Clubs face at the moment. We have invested heavily in players for the forthcoming season and we look to them to return the Club to the successful times we enjoyed in the 80s and 90s." This for those who attended the 'Member's Forum' at Chelmsford two weeks ago would have heard briefly of this problem. However, although the bringing in of these top quality players are costing a lot, if success can be brought, than that will automatically bring in money for Essex. Date: 18/4/02 |
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