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Monday, May 21 2012

Sugababes flop leaves sour taste for cricket club

A Sugababes concert that flopped at Kent County Cricket Club’s ground left a sour note, as the club’s accountants totted up the balance sheet for 2009 and announced substantial overall losses of £802,452.

Dismal attendances at the heavily-promoted Canterbury concert, which took place on June 26 last year, together with a smaller-than-expected crowd at the James Morrison concert the following day, resulted in a combined concert deficit of more than £190,000.

In his report on Kent County Cricket Club’s 2009 financial results, honorary treasurer Simon Philip said: “The two concerts incurred losses of over £190,000, which was an acute disappointment, given that our budget was predicted on very significant returns.”

Mr Philip also cited delays over the redevelopment scheme for the ground and difficult trading conditions as being central to the bleak state of the club’s finances.

The club had hoped to sell 9,000 tickets for the Sugababes show, but sold less than half that amount with just 4,000 tickets purchased. The James Morrison concert attracted a crowd of 8,000 with sales again being predicted at 9,000.

Commenting on the concert losses, Kent’s chairman George Kennedy said: “The budget was submitted saying we would make a very substantial profit. That was accepted, and we assumed it was going to happen, it was only nearer the time when we were nowhere near our targets that I started to get very concerned.”

He added: “There was a lack of appetite for a concert in Canterbury, we advertised it widely in newspapers and radio,and simply didn’t get the support we had hoped for.”

Mr Kennedy conceded that the organisation of the concerts had not gone to plan, compared to the success of the Elton John concert in June 2006.

He said: “The difference was that when Elton John was here, his people hired the ground and paid us a fee. We took the management of the Sugababes and James Morrison concerts on ourselves, and appointed various agencies to do the staging and that type of thing.”

He admitted: “It simply didn’t work, and we won’t be doing it again.”

Kent County Cricket Club is on schedule to sign a deal with a yet to be named developer for a new hotel at the St Lawrence Ground, before the club’s annual meeting on Monday, March 29.

Thursday, March 11 2010

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  • Kevin Miller wrote:

    Dodgy Maths

    Forgive me if I am wrong, but if the tickets for the gigs were priced at £26.50 each and the ticket sales were 5000 tickets short, this means that if all the predicted tickets were sold it would have meant another £132500, still less than the £190000 that was the deficit. This implies to me that even with the predicted sales there would have been a loss of just under £60000, yet the article suggests that the club expected a significant return. It would appear to me that someone hase made a huge error in judgement and the cost to the club has been significant.

    I'm assuming that the information in the article is correct.

    14 Mar 2010 12:49 PM

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