Kent £658,000 profit brings hopes of recovery
Kent have encouraged hopes that they can rediscover their one-timw reputation as one of the forces of the county game by announcing profits of £658,000 for 2014
Kent have transformed their financial position, bringing hopes that they can escape years in the doldrums to once again become one of the leading clubs on England's professional circuit. They have announced a post-tax profit of £658,000 for 2014, a turnaround from the loss of £98,000 a year earlier.
The county has reported "dramatic positive progress" since 2009 and net assets of £6.3m.
Jamie Clifford, Kent's chief executive, said: "This is the result of a comprehensive and clear plan. Much effort has gone into improving the commercial base of the club and this has seen a nearly fivefold increase in returns since 2010.
"We now all look forward to seeing Kent perform on the field in the next six months. It is very encouraging that 14 of our 23 man squad have come through the Club's own cricket development programmes."
Kent are ambitious to develop the Old Dover Road side of their Canterbury ground and Clifford said that planning approval later this year "would result in greatly improved financial stability for the club."
A planning application for 60 retirement apartments was rejected by Canterbury Council's planning committee in December despite a recommendation for approval by planning officers.
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