Glamorgan declare profit despite debt worries

Glamorgan may be saddled with significant debt but their day-to-day business remains healthy with the club announcing a retained profit for 2014 of £131,867.

The county's debts are set to be restructured with Cardiff Council announcing last week that 70% of debt owed to them would be written off.

"The Club has continued to maintain its trend of improving financial performance since 2011," Glamorgan chief executive Hugh Morris said. "Each year is heavily influenced by the number of days of international cricket we host and we will continue to see fluctuations in our profitability."

Last season, Glamorgan staged a solitary ODI against India but this summer they will host England for the first Ashes Test and a T20 also against Australia, opportunities for a significant boost in revenue.

"Last December the Club was awarded a major match package for 2017-2019, including ICC Champions Trophy and World Cup packages. This will provide increasing financial security for the club with improvements in financial performance resulting in additional resources being fed back into the club in terms of investment into the team, the stadium development programme and community activities."