Warwickshire's accounts for the period to 30 September 2019 are now available on the county's website . This post is my take on the financial results for the period, my posts on earlier years are on these links, 2018 2017 2019 Results In Brief 2019 was always going to be a good year for Warwickshire with two money spinning events, an Ashes test which went to the 5th day, and a cricket world cup staged in the UK. Not surprisingly revenue soared by 54% to £27m. But it was gratifying that costs of sale only increased by 27%. Warwickshire bucked the recent trend of revenue growth coming at the expense of increased costs and widening losses. The press release accompanying the accounts trumpeted an "operating EBITDA of £6.2m." However, as set out in my previous posts this is a meaningless and misleading measure of profitability, excluding interest costs and payments to the catering joint venture, which are integral to the county...