Kia Oval, Surrey
Surrey County Cricket Club has recorded its best performance in its 172-year history after annual pre-tax profit hit £1.6m for the 2016/17 financial year.
The club’s performance comes on the back of record-breaking ticket sales for the NatWest T20 Blast, further significant growth in club membership and the conference and event business, which brought in its highest ever annual sales of £4.5m last year.
Outside of an Ashes year, the profit figures represent the club’s best-ever financial performance. This is in marked contrast to the last time the ground hosted a Test Match between England and Pakistan in 2010, when a £500,000 loss was recorded.
For the fourth consecutive year, Surrey CCC Membership showed a noticeable increase. The club’s membership base has now grown beyond 10,000 members.
The Kia Oval’s conference and event business has also grown by over £3m in the last four years, with the stadium hosting regular events for blue-chip FTSE100, Dow Jones and NASDAQ listed companies, as well as major public sector and charitable organisations.
Richard Thompson, chairman of Surrey CCC, said: “These are outstanding figures and, given the terrain on which they were achieved, represent the best financial result in the club’s 172-year history.
“As part of the continued growth in domestic cricket, it is particularly pleasing that our Membership revenues are at record levels.
“I believe that this is a reflection of the quality of cricket being played in all competitions, coupled with a great supporter experience that represents both value for money and the thrill of live sport.
“For too long our revenues were overly reliant on the demand for International cricket – however, the increase in Membership numbers we have enjoyed in recent years, the continued growth of the NatWest T20 Blast and the superb work done in our off-field business has enabled the club to thrive in what would previously have been a very challenging year.
“Hosting our 100th Test in July, the ICC Champions Trophy and sell out T20’s, over 500,000 spectators will enjoy The Kia Oval experience in 2017. This will represent another club record.”
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