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Post by Wicked Cricket on Feb 23, 2019 14:01:14 GMT
cv,
I don't believe that's correct given this comment in the press release.
Sussex Cricket chairman, Bob Warren commented: “The reduction in central funding will have had an impact on all first-class counties’ accounts..."
When there is already £1.3m being annually paid to each county from 2020-2024, I would very much doubt if the ECB would then give the Counties £1m each for 2017/18. Who knows?
Anyway, I am looking forward to seeing the new ground redevelopment plans on Monday to see how the Club plan to spend their future £6.5m windfall.
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Post by deepfineleg on Feb 24, 2019 12:41:49 GMT
The Sussex CCC financial results are out. I am not an accountant. I have always been sceptical about such results and how they're formed. How up and down they can be each year. What do others reckon of the 2017/18 accounts? "... when ECB funding is removed from the equation, revenue for the year increased by 4%, or £229k, from the previous year to £5.76 million." Is this good and yet the Club still post a £414k operating loss after last year's £343k operating profit? Roll on the annual ECB £1.3m from 2020, that's all I can say. sussexcricket.co.uk/news/sussex-cricket-announces-results-201718-financial-year
Wasn't there a £1m ECB grant in 2017? Without this the loss would have been c.£600/£700K.
According to the Treasurer's report, Total ECB Income was 1.795m (16-17 2.764m). I calculate non-ECB SCL Income was 3.583m (3.355m last year). In addition SCF turned a 7k profit into a 8k loss. In the breakdown of income it's not specified where the ECB monies are applied; Pro-cricket income dropped 687k (26%), so I assume that was a significant part of the 969k drop in ECB income. Match income increased by 97k (16%) and membership dropped 10k (4%). The share capital section says there were 1999 members in 2018 (down 217, 9.8%). The biggest % fallers were Catering -39% and Blackstone -17%. Other income categories were within 4% of last year.
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Post by Wicked Cricket on Feb 24, 2019 14:12:59 GMT
The biggest % fallers were Catering -39%
I wonder, is this why Sussex went for outside caterers last season or is this loss partly because of them? Given the huge amounts of income counties like Lancashire gain from catering, it is such a pity Sussex can't make money from this area? And why was there such a loss at Blackstone given how regularly the ground is used.
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Post by jonboy on Feb 24, 2019 15:12:09 GMT
The biggest % fallers were Catering -39%I wonder, is this why Sussex went for outside caterers last season or is this loss partly because of them? Given the huge amounts of income counties like Lancashire gain from catering, it is such a pity Sussex can't make money from this area? And why was there such a loss at Blackstone given how regularly the ground is used. More relevant would be the comparison with fellow Div 2 paupers Northamptonshire , who made a profit of nearly 300,000 Having been to Northants, it’s unlikely that they turned a profit on match day activities
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Post by deepfineleg on Feb 24, 2019 15:20:31 GMT
Presumably contracting out Catering means no income; we should note that for 16/17 there was an expense for Catering (206k) which this year is 0. Catering profit was for 16/17 402k and 17/18 248. So contracting out seems to have led to a 38% profit fall. Re Blackstone for each year income equals expenditure, so I guess the fall is down to usage.
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Post by Wicked Cricket on Feb 24, 2019 16:41:22 GMT
So contracting out seems to have led to a 38% profit fall.
So, why did the Club make this decision, particularly, when it's been so unpopular with Members and supporters?
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Post by Wicked Cricket on Sept 25, 2019 14:12:15 GMT
Brilliant stuff from the ECB based around the huge increase of SKY revenue thanks partly to The 100, where the 18 counties will greatly financially benefit on top of their annual £1.3m each gift over the next 5 years.
Q: Any guesses how much Sussex CCC will be ££££given towards their ground revamp?
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Post by liquidskin on Sept 25, 2019 17:00:30 GMT
Can we put 10 bucks towards the playing staff Rob? Just don't paint the bog, just gets covered in p**s anyway.
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Post by Wicked Cricket on Feb 14, 2020 9:02:03 GMT
Well done Warwickshire and Edgbaston. The difference between success and failure for the TMGs is whether or not the ECB have assigned them International matches during the Summer. www.bbc.co.uk/sport/cricket/51496670
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Post by Wicked Cricket on Mar 8, 2020 16:08:29 GMT
Last year was a bumper financial year for a majority of the Test Match Grounds (TMGs) with the perfect storm of an home ODI World Cup followed by an Ashes series. Headingley who released their annual financial results last week are positively glowing with success as their debts drain away to the Yorkshire dales and which imitate the achievements of Warwickshire CCC. Record profits last year alongside a 2018 bumper bonanza has helped cut debts by £5.6m to £18.34m from a high of £24.64m. One man whose bank balance has positively glowed from this is former Chairman, Colin Graves, whose previous loans not only saved the Club from bankruptcy, but at an extraordinarily high 5.2% interest. The Club Finance Director, Paul Hudson, said, "Continuing to repay debt meant a long-awaited return to reducing the interest burden built up by buying the ground and developing facilities." He added, "This has been an exceptional year financially." Headingley hosted four ICC World Cup fixtures, an ODI with Pakistan and the now famous third Ashes Test when Ben Stokes' 135* helped England to a one-wicket win over Australia and saved the series. Hudson continued, "The results are due in large part to two specific events that occurred during the year. Firstly, the staging of four World Cup matches generated a one-off receipt of £1m that was distributed to all first-class counties, together with payments to stage four matches of an additional £600,000." He continued, "Secondly, the Ashes was undoubtedly the standout financial highlight of the year, generating £4.7m in ticket sales, bolstered by another £1.9m of corporate hospitality revenue and pouring rights income." When the next TMGs publish their financial results over the next few months, it is almost certain they will be as upbeat as Yorkshire. www.bbc.co.uk/sport/cricket/51688788
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Post by philh on Aug 25, 2020 9:24:48 GMT
Two posts yesterday have inspired me to think about where things are going as far as County Cricket is concerned. The first of these two posts by flashblade entitled ' County Championship - a change of format?' was triggered by an article in The Times suggesting that the Counties were in favour of the Bob Willis Trophy format and a competition with three groups of six, playing each county in that group home and away. The second post at the end of the Middlesex match thread from @"Wicked Cricket" opened with the words " I must repeat white ball cricket, in particular the T20, is the way for Sussex to go post-Covid." Later, I posted that if the County Championship (or Bob Willis Trophy) is reduced to 5 home and 5 away games, particularly if they are shoe-horned into the months at either end of the cricket season, I would be unlikely to renew my membership. I don't mind a bit of beer and T20, but I find three or four games per season enough - and, what's more, I only enjoy them if Sussex win. Red ball games can be enjoyable win, draw or lose (unless it's a thumping loss). If red ball cricket is reduced with fewer games, this conveniently makes way for more T20, Hundred and, I suppose, 50-over cricket. It's all very well saying that the money comes from T20 - and it does for the Counties - but when it comes to international cricket the same is not true. I don't know the facts but I expect the revenue from 7 Tests that are crammed in most summers exceeds by far the income from England's T20 matches. Indeed, although I am admittedly not a great fan of T20, I find the T20 series that England play especially tedious and instantly forgettable. So, where is cricket going? Is it hoping that revenue is maximised by England Tests, T20 County Cricket and The Hundred (let's not get into a debate about The Hundred here!)? There seems to be some sort of chicken and egg problem though. Where do the Test players come from if red ball is downgraded? And will the 'new audience' be demanding 30+ England T20 games every summer? Or, are we heading for a split where there are two sports? You could argue that the England team is starting to become split between red ball and white ball players. And, several on this forum have observed that the Sussex playing staff is split between red and white ball. I wonder where the members of County Cricket teams want cricket to go. If red ball County Cricket is relegated too far, I will find something else to do with my time. I had already written off August this year when The Hundred was scheduled to take place. Covid is likely to quicken things, but I see some worrying signs - at least, from my point of view. And, that's what happens with money, we spend on what we want to and if Sussex crammed in 60 T20 games each summer, I would probably attend no more than a handful. Interesting times.
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Post by philh on Aug 25, 2020 13:18:15 GMT
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Post by philh on Sept 16, 2020 14:33:33 GMT
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Post by Wicked Cricket on Sept 16, 2020 15:33:14 GMT
Down the pecking order how will this affect Sussex? Less annual monies for each county, certainly. Seems to me The 100 will now either become the saviour of the ECB or its executioner. Stick or Twist? Meanwhile, the counties must find ways of attracting their own independent finances and why I say... again. Charging for live-stream games has to be the way forward. The crucial big game tonight, for example. The most important one of the tournament to date for both Surrey and Sussex. I am sure this will attract a minimum of 50,000 worldwide viewers x £5 = £250,000. And that is the bare minimum. What a wasted opportunity. For example, Somerset, the leaders of this revolution, had 2.1 million recorded views in 2019. That is before the 2020 lockdown and matches behind closed doors. This represents over 215,000 hours of County Cricket watched by Somerset fans online throughout the summer and a major increase from the 500,000 views during 2018. Over 80% of the viewers were from the UK, but Somerset matches were watched all over the world. Examples of the worldwide reach included 4500 viewers from Japan, 2300 from Thailand, 1700 from Ukraine and 1200 from Finland! In addition to this, real-time clips and videos shared on the Club’s social media channels had a whopping 49 million views over the season and the Somerset website boasted a record-breaking summer with 6.1 million hits, up from 4.8 million in 2018. Somerset’s Vitality Blast fixture against Sussex was the highest viewed match of the season, while this fixture also brought about the highest concurrent viewership. Live stream viewing figures for 2020 will be a lot higher too given all the games have been/are behind closed doors. Amidst all the doom gloom, an olive branch for county cricket is staring at it in the face, so why is no county taking the live-stream business venture up? I would happily pay £5 to watch tonight's game against Surrey as I am sure 90% of supporters from both teams would too. SKY Sports are entirely focussed on the England v Australia ODI match. To repeat, what an utterly wasted opportunity. www.somersetcountycc.co.uk/news/club-news/over-two-million-views-on-live-streaming-service/
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Post by flashblade on Sept 16, 2020 16:02:20 GMT
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