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2016 FINANCIAL YEAR END STATEMENT


Northamptonshire County Cricket Club have published their results for the financial year ending September 30 2016. They continue to show strong signs of recovery and are in line with the forecasts stated by the Board of Directors. The turnover of the club has remained comparable to the previous year, with contributions from the ECB also remaining the same. Whilst the club was disappointed to lose some of its main sponsors at the start of the season; success on the field meant that this income was replaced by increasing ticket sales, and growing support from the Northamptonshire Business Community and Cricketing Fans.

Commenting on the results, Ray Payne, Chief Executive said “I am delighted with the progress the club has made both on and off the field, we are demonstrating The County Ground is well and truly back where it belongs, as a leading & successful sporting venue in Northamptonshire”.

EBITDA   showed a profit of £230,840 compared to a profit of £18,807 in 2015. This result was in line with the directors expectations at the start of the financial year. The club continues to engage with the local community, developing links with local businesses, bringing in new sponsors and increasing the interest surrounding the club. The club continues to promote the newly transformed facilities at the ground so as to develop a significant non match day income which is essential if the club is to progress on the cricketing front.

The financing arrangements put in place to improve the clubs working capital position have stabilised the clubs financial position and the club now generates a positive cash flow and that will remain an objective. The directors will provide an update on the proposed share issue at the AGM taking place on 30th March.

Last season’s cricketing performance produced many exciting games culminating in the ultimate success on T20 Final’s Day. The Club has worked hard to keep this small but successful squad together and has high hopes for the 2017 season across all formats.

The directors are looking forward to an exciting and successful 2017 season and urge the local community to get behind their team as they embark on another challenging season.

Commenting on the financial results, Chairman Gavin Warren, said: “I am exceptionally proud of this fantastic result and financial turnaround. It is testament to the hard work and belief that has gone on in the past 2 ½ years by all stakeholders involved with Northamptonshire County Cricket Club.

“My first appointment was Ray Payne as CEO. He has proved what superb qualities he has in selecting a skilful structure to deliver profit whilst maintaining an excellent cricket team.

“David Ripley has been quite magnificent; he has exceeded the boards expectations not only winning the T20 for a second time but producing England representative players. The future is very bright at Northamptonshire County Cricket Club but we cannot be complacent.”

The full financial report can be found here

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