Lancs make operating profit of £4.7m during 2024
Lancashire made an operating profit of £4.7m for the year 2024 - a club record for a non-Ashes year.In addition to the profit - down from £5.3 in 2023 - the County Championship club also reported a turnover of £34.1 million, compared with £36.5m the year before.Cricket match receipts dropped by nearly £3m from £8.3m in 2023 to £5.4m in 2024.In 2023, Old Trafford hosted two sell-out England men's internationals - an Ashes Test and a T20 match against New Zealand - but have had a men's T20 match against Australia and a Roses T20 international rained off over the past 12 months.The club's chief financial officer Angela Lowes said: "The weather disruptions to the Men's IT20 and Roses T20 significantly affected our cricket income."
Old Trafford was set to host the third T20 international between England and Australia in September but it was rained off without a ball being bowled.The rain also affected Lancashire Lightning's T20 Blast match against Yorkshire Vikings, which was also abandoned with no play for the second year running.The on-site hotel recorded revenues of £8.6m, a 31% increase from the previous year, while the conference and events business had a slight increase to £4.2m.The figures do not include Lancashire's deal to sell part of its share in Manchester Originals to IPL side Lucknow Super Giants. Lowes added that the deal will allow the club "to reduce debt to a sustainable level and invest further into the cricket department, member facilities, and infrastructure projects".The venue also hosted three concerts last summer, with US rock bands Green Day and Foo Fighters attracting a total of 150,000 music fans to Old Trafford.
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Reuters
22 minutes ago
- Reuters
England beat West Indies to clinch ODI series with Root masterclass
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The Herald Scotland
24 minutes ago
- The Herald Scotland
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BBC News
28 minutes ago
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'Final defeat feels raw'
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