Worcestershire County Cricket Club has today announced a profit after interest of £225,009 for the year ending 30th September 2012.
Chief Executive, David Leatherdale commented "while it is pleasing to make a profit for the 3rd consecutive year, the 2012 figure is boosted by the exceptional profit from the land lease to Premier Inn.
"At the Club's 2011 AGM it was noted that we had done a great deal to reduce risk, but clearly have not yet done enough to offset the extreme adverse weather in 2012. Met Office figures showed 2012 to be the second wettest summer since records began and resulted in the loss of over 15 days home and away cricket, making 2012 a real challenge.
"However, we now have our Premier Inn hotel and new Club facilities under construction, which is anticipated to attract 35,000-40,000 hotel visitors a year, and combined with our own new conferencing, bars and executive facilities will allow the Club to extend existing revenue streams as well as develop new areas. This will create a truly 365 day a year business with a long term viable and sustainable future ultimately allowing further investment both on and off the pitch.
"As we head into 2013 it is hoped the visit by Australia on the 2nd-5th July, as they warm up for eagerly anticipated 2013 Ashes series will also give the Club and City a boost at the height of summer."