Somerset remain in robust health © Andrew Miller
Somerset are preparing to stage their first England fixture next season buoyed by further proof that they are one of the most financially-stable counties in the country.
The 2016 accounts show a pre-tax surplus of £596,700 for the last fiscal year. Earnings before taxes, interest and depreciation were £670,111, compared with £411,681 twelve months ago.
Continued evidence that Somerset remains a hotbed for professional cricket comes ahead of their staging of a T20I between England and South Africa on June 23 as well as hosting matches in the women’s World Cup in England, a tournament which runs parallel to the Champions Trophy and staged in England for the first time since 1993.
Somerset reported that the club benefited from the opening of the new Somerset Pavilion and exceptional NatWest T20 Blast sales with every fixture sold out. Although Somerset’s T20 form was disappointing, a late challenge for the Championship, conceded only on the final day, helped to ensure satisfactory catering and commercial revenues.
Somerset’s Chairman Andy Nash said: “These excellent results crown a decade of significant financial progress. The strong growth in turnover and profit last year allow us to continue investing heavily in our cricket squad and press ahead with further significant improvements to facilities at the Cooper Associates County Ground, while paying down our borrowings on schedule.”
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Source: ESPN Crickinfo