Leicestershire set to announce “healthy profit” for 2011

Leicestershire are set to turn a record loss last year into a healthy profit for 2011.

A money-spinning home quarter-final against Kent on their way to winning the Friends Life t20 and a sell-out 6,000 crowd for a Twenty20 tour match against India contributed to the turnaround in Leicestershire’s financial fortunes.

Last year Leicestershire reported a record deficit of more than £400,000. “We have made a good profit this year, though there are still a few loose ends to tie up,” said Leicestershire chairman Paul Haywood.

“Some of the money will be going into the cricket budget but some of it will also have to go back into the coffers to make up for the previous year’s loss.

“It has improved the cash-flow situation. That had been a problem and had to be managed well but we are now getting more and more into a healthy, manageable situation.”

Payments from the England and Wales Cricket Board have also helped to improve Leicestershire’s financial health with a £200,000 payment for meeting criteria for ground improvement work.

Leicestershire have also saved costs on salaries following the departure of former coach Tim Boon and chief executive David Smith last year.

“Everybody has worked really hard off the field to get things going,” added Haywood. “The board has worked really well together and everybody has been really positive, which is healthy for the club. We have got some stability on the board and that is important.”

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