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Showing posts from October, 2023

Lancashire County Cricket Club 2022 Accounts

  In this post  I looked at Lancashire County Cricket Club's (LCCC) for the period to 31 December 2019.  Where I reached this conclsion:" Lancashire certainly seems to have the potential to join Surrey as a consistently profitable enterprise.  But even assuming coronavirus can be put behind us there is a challenge for the club to ensure it's new found financial strength isn't dissipated on payments to executives and the cash drain of keeping its hospitality business up to scratch." So now that the LCCC accounts for 2022 are available it's a good time to see if, post covid, Lancashire remain on the path to financial stability. And it seems as if Lancashire have come through the covid crisis in good financial order.  The county still has a large amount of debt but the amount of debt has declined from £26m in 2019 to £22.5m in 2022*.  That's a good result, particulalrly given the disruption caused by coranavirus and it seems that the hotel built on the Old Tr