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March 5, 2013
Yorkshire were unable to return to profit in 2012, despite a sharply increased turnover. The club have declared a post-tax loss for the year of £118,000, against a turnover figure of £7.8m. Both figures are an improvement on the 2011 results, which saw the club declare losses of £460,000 against a turnover of £5.4m.
In a statement Yorkshire expressed confidence that they would have declared a surplus had it not been for a series of one-off events. The impact of the Olympics on Test corporate hospitality sales was one factor, while 37% of playable overs were lost to rain over the season. The ODI against West Indies at Headingley in June was abandoned without a ball being bowled due to the poor weather.
"The servicing of the club's debt, incurred to substantially develop the club's infrastructure and facilities, continues to exert pressure with £1m paid in interest in 2012," the statement said. "However, the fact that the club has a guaranteed Test match and ODI every year until the end of 2019 provides some assurances over income streams."
Yorkshire described their trading position in 2012 as "very healthy" and reported an operational surplus (earnings before interest, taxes, depreciation, and amortisation) of £1.2m - compared to £393k in 2011 - on the back of a return of Test cricket to Headingley.
George Dobell is a senior correspondent at ESPNcricinfoFeeds: George Dobell
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