Yorkshire County Cricket Club has announced its financial results for the year ended December 31 2013.
The Club is reporting total income of £6.8m (2012 - £7.8m) for 2013 and a deficit after taxation of £0.6m (2012 - £0.1m).
International match revenue in 2013 was £2.2m, 33% of total income, which was £900k down on 2012 (2012 -£3.1m). The fall can be attributed to the fact that Headingley was allocated a May Test Match against New Zealand in an Ashes year, with Test Matches between England and Australia taking place at grounds in very close proximity to the County.
The inclement weather also played its part, which attributed to poor advance ticket sales, despite the Club offering various incentives for early purchase. Unfortunately, day one of the Test was completely washed out and therefore generated no walk-up income.
The One-Day International in September was also washed out without a ball being bowled. All tickets were sold well in advance of the match as the opposition and timing were highly attractive. Despite no play, the Club retained all ticket revenue and the ECB’s insurance refunded ticket holders.
Commercial income was down by £150k on 2012. Income generated was £1.6m (2012 - £1.7m). The Club hopes, by securing a naming rights partner for the stadium in 2014, that an increase in income be generated going forward.
During the past 12 months, the Club took on a further £3m of interest bearing loans, but also repaid £1m of loans and reduced the overdraft by a further £1m.
The year ahead will hope to see an improvement in revenue. With the 2014 Test Match taking place a month later in June against competitive opposition, it is likely that there will be an increase in attendance and revenues on the previous 12 months. This is supported by the fact that the revamped NatWest T20 Blast season will expand from five to seven home matches. Five of the seven fixtures will be staged on Friday nights over a longer period in the season, which is expected to be beneficial from a spectator and financial perspective.
Yorkshire’s Director of Finance Charles Hartwell said: “The financial figures are not what we’d hoped for and obviously it’s disappointing to make a loss.
“The Test Match was the thing that hit us the hardest.
“Day one was completely washed out, so we got no walk-up on the day, while the fact that the match spilled over into a fifth day, when only about 500 turned up after England controversially failed to enforce the follow-on, cost us around £50,000 in terms of stewarding, police, cleaning and catering.
“Attendances weren’t what we’d expected on days three and four either, but if you’ve got a Test Match against New Zealand in May, it’s not an easy sell, particularly when it’s an Ashes summer.”