Kent County Cricket Club announce operating profit
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Kent County Cricket Club have announced an operating profit
for 2011 of £188,000.
The reults come on the back of a loss of £595,000 for Kent
in 2010.
The county's chairman George Kennedy said that after taking
account taxation adjustments and interest charges, the overall
profit was £379,000.
He said: "I am delighted that the financial benefits of the work
carried out at the St Lawrence Ground in the last year are starting
to show in our results.
"We now have conferencing and event facilities which make Kent
Cricket a year round business, in effect making the ground 'fit for
purpose.'
Mr Kennedy said that the club's plan for hotel
development remained an important part of their future
strategy and it was hoped this would also progress in the
near future.
"These financial results, coupled with the recent appointment of
Jimmy Adams as head coach, gives me great confidence in the future
of Kent Cricket," added Mr Kennedy.
Tuesday, January 10 2012
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