Essex Outfielder : The Unofficial Essex CCC Forum

Off-Topic => In The Hut => Topic started by: Slogger on November 01, 2014, 07:17:58 AM

Title: Debt in county cricket
Post by: Slogger on November 01, 2014, 07:17:58 AM
Anyone see the Cricketer article? It seems that Essex and Sussex are the only debt free counties. I guess in our case we are still benefiting from the prudence of the Peter Edwards era. The article highlighted the expansion of grounds hosting tests and ODIs and the impact of too many grounds  being used
Title: Re: Debt in county cricket
Post by: vim on November 01, 2014, 10:52:00 AM
The picture is not entirely rosy. Read the accounts from the 1980's and the club reserves were a huge amount. Interest rates were much higher in those days and the interest received would have almost nearly covered the expenditure.

They could have given free memberships and only charged non members a nominal amount.
Title: Re: Debt in county cricket
Post by: Andy on November 01, 2014, 12:42:19 PM
The picture is not entirely rosy. Read the accounts from the 1980's and the club reserves were a huge amount. Interest rates were much higher in those days and the interest received would have almost nearly covered the expenditure.

They could have given free memberships and only charged non members a nominal amount.

Or bought a bigger ground and made a serious case to stage international cricket on a regular basis...
Title: Re: Debt in county cricket
Post by: Valentines Park on November 01, 2014, 12:55:06 PM
I thought there was a massive hole in our accounts?

If we're debt free it might only be until the next set are filed.
Title: Re: Debt in county cricket
Post by: squarelegumpire on November 01, 2014, 03:37:14 PM
I wonder if there'll be anyone there on Tuesday who can, or of course will, answer questions about the accounts!