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February 22, 2008
Nottinghamshire will announce to members at the AGM on Monday that they have made a profit for the seventh successive year. The club made a pre-tax profit of £137,831 and are also on course to complete the £8.2 million Bridgford Road Stand and other improvements on budget in late April.
Despite the results, finance chairman Richard Tennant still sounded a cautious note. "We cannot afford to stand still in what is a very dynamic competitive environment," he said. "Since last year's AGM, not only have Cardiff completed their re-development but the Rose Bowl, The Oval, Headingley and Old Trafford have all announced their own very ambitious plans.
"We are fortunate to have a staging agreement with the ECB which guarantees international cricket at Trent Bridge until the end of the 2011 season," he added. "But 2012 will be on us before we know it and we must ensure that our business is in the best possible financial shape as we are forced to bid with other venues for major matches - without any staging agreement certainty."
Barry Pailing, the club chairman, will announce at the meeting at that he will not be continuing in his role after four years, but he will remain on the general committee for a further year.
© ESPN Sports Media Ltd.
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