Leicestershire CCC posts record-breaking results

Leicestershire County Cricket Club (LCCC) has posted record-breaking year with net profit, positive EBITDA and income all hitting new highs.

The club posted a profit of £483,000 for the financial year ended 30th September 2021 and a positive earnings before interest, taxes, depreciation, and amortisation (EBITDA) of £780,000 (2020: £149,000).

Following the return of crowds, LCCC’s total income reached £4.9m while expenditure was lower than the previous full cricket season of 2019.

LCCC’s commercial revenue streams increased overall by 76% in 2021 to £621,000 (2020: £353,000) and the club also hosted two concert events and a fireworks night.

During the year LCCC announced a number of key partnerships including a new Ground Naming Rights partnership with Uptonsteel, who also continued to sponsor the front of the team’s three playing shirts.

LCCC repaid debt of £100,000 during the year, and debt as a percentage of income reduced from 80% in 2020 to 48% in 2021.

Leicestershire CCC chief executive Sean Jarvis said: “We are delighted with the financial result in what was another challenging year of the pandemic but realise there is still hard work ahead, which we are relishing.

“We now have a sound financial platform from which to move the club forward both on and off the field of play and look forward to the new season with eager anticipation.”