Derbyshire announce big 2010 loss

Derbyshire have announced £187,037 loss for 2010.

The club said a change to ECB's performance-related payments and the impact of the football World Cup last summer were big factors in the outcome.

It is the first time the club has recorded a loss since 2005 but that has been tempered by the £300,000 ECB grant they will receive in 2011. Don Amott, the Derbyshire chairman, said: "With the World Cup swamping our FP t20 campaign and new fee payment regulations, 2010 has been a difficult year."

The club have been developing their county home ground in the last few years and the cash from the ECB will go towards continuing that work. "This ECB grant is a timely boost and rich reward for the hard work and vision it took from all concerned to bring the improvements to the ground to fruition," said Amott. "It certainly puts the 2010 figures into perspective and, crucially, we didn't borrow money in order to make the necessary improvements happen."

Derbyshire are one of the smaller clubs on the County circuit but have signed Australian batsman Usman Khawaja for the first half of the upcoming season and New Zealand batsman Martin Guptill for the remainder.

Meanwhile, Bob Taylor's two-year term as Derbyshire president has come to a close and Derek Morgan will be formally elected to the office at the forthcoming AGM on March 30. Morgan is Derbyshire's most-capped player in first-class cricket having represented the county in 540 matches between 1950 and 1969.