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Continued Positive End of Year Results

Northamptonshire County Cricket Club announce their results for the financial year ending 30th September 2018

The club continues to promote its improved stadium facilities to develop a significant non-match day revenue stream, which continues to support its cricket operations. Most notably in 2018, the club featured two very successful concerts by international artists Little Mix, Craig David and Rita Ora. More than 35,000 people attended the two events. Match day attendances, particularly the T20 campaign, remained healthy.

Last season’s cricket performances were disappointing, with several injuries preventing the club from fielding its first-choice side. The board continues to invest in the team by signing a number of young players with huge potential to the squad, namely Charlie Thurston, Ben Curran and promising Zimbabwean Blessing Muzarabani, who will bring pace to the Steelbacks’ attack.  Similarly, the club attracts international players to feature in all formats of the game throughout the forthcoming season; Temba Bavuma, Faheem Ashraf and the West Indies Captain Jason Holder.

EBITDA (earnings before interest, depreciation and amortisation) was a profit of £287,212, which was in line with budgeted expectation for the year.

The Northamptonshire County Cricket  Club remains financially sound and is still on course to repay its final element of the Council loan and be debt free by 2020.

Commenting on the performance, Chief Executive Ray Payne said “2018 was always going to be a financially challenging year for the club, however I am pleased with the efforts of everyone to continue to meet the financial targets set. Despite the challenges, we have remained committed to developing cricket within the county and working closely with our neighbouring minor counties to develop young players and attract more spectators to games.”

Chairman Gavin Warren stated “The club continues to take steps forward in its long term strategy and I’m delighted with the leadership shown by Ray Payne Chief Executive and congratulate the whole team for the financial results delivered in 2018.”

The full financial report can be found here

Meeting minutes from the March 19 AGM can be found here

Meeting minutes from the previous AGM can be found here

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