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Jimmy Anderson Made Me Fall in Love with Swing Bowling

Jimmy Anderson bowled over 40,000 balls in Test cricket over an international career encompassing 5 FIFA World Cups, 6 Harry Potter movies, 8 British Prime Ministers, 8 full-time England captains, 11 Taylor Swift albums, 20 ICC Men’s tournaments, formation of four independent nations, a worldwide recession, advent of generative AI, and a global pandemic. Sir Andrew Strauss debuted after him, retired before him, captained him, took slip catches for him, became the Director of England cricket, and stepped down between the ends of Anderson’s career.

Anderson has lived through the birth of T20 cricket and what feels like the death of Test cricket (joking, joking…or am I?).

Why I Will Always Remember Jimmy

I will always remember Jimmy Anderson because he made me fall in love with swing bowling.

I was just a six year old when I started following cricket – must have been around 2003-04. After the India-Australia Adelaide Test, I wanted to be a batter like Rahul Dravid. Just keep on defending balls and bat all day long.

This was coincidentally also around the time when Jimmy Anderson announced himself on the world stage. At that point, Jimmy was an up and coming English star with a streak in his hair.

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By watching Anderson, I realized cricket was a lot more than just batting. In English conditions, he could really make the ball talk. When he bowled, cricket became a true battle between bat and ball, with ample swings & misses, the outside edges, and the oohs & aahs.

When I immigrated from India to the US, Jimmy Anderson was bowling. I finished elementary school. Jimmy Anderson? Still bowling. I graduated high school, college, graduate school, and now working. Anderson? Yep, still there.

Between Jimmy’s debut and retirement, we all grew up. I definitely did.

Let’s Talk About That Action, Shall We?

He had it all, in swing, out swing, late swing, reverse swing, wobble seam, a bit of pace, but most of all, the perfect swing bowling action.

Every cricket fan has copied Jimmy Anderson’s action at some point in their lives. The steady run up, slightly angling in, the swift movement of the shoulders, arms going behind the back, bit of a jump, the follow through, and then the celebration. It’s magic.

The Moments that Lifted Anderson from Good to Great

Anderson had several great moments and stories in his illustrious career. Magnificent deliveries to VVS Laxman, Brendon McCullum, and Michael Clarke to name a few, consistent performances against West Indies, South Africa, and Sri Lanka, the 7/43 vs New Zealand, Ashes victories, 2015 ODI WC debacle, and the Steyn vs Anderson debate. I picked a few other characteristics in his career that stood out to me.

– Bowling Partnership with Stuart Broad

1308 wickets among them. The top two highest wicket takers for fast bowlers. Anderson took 537 wickets when Broad was involved. Broad took 502 of his 604 with Anderson in it. When Broad had one of THOSE spells, Anderson kept it tight. When Anderson was on a roll, Broad kept it tight. A partnership to behold, a partnership for the ages that made England a fortress at home for a decade.

– 2014 & 2018 Battle vs Virat Kohli

Anderson was the highest wicket-taker of the 2014 Pataudi trophy with 25 wickets, a class apart. Kohli was caught behind by Anderson on 25 (34) in the 2nd Test, and later was out on 39 (75), 0(2), and 7 (11) later.

In 2018, the battle continued but Virat Kohli had his redemption. Aside from couple of dropped catches, Kohli returned with scores of 149, 51, 97, 103, 46, 58, and 49 with no dismissals from Anderson.

– The Ashes

117 wickets in the Ashes with 8 four-fers and 5 five-fers, Anderson left his mark in the Ashes.

– Anderson vs Mitchell Johnson

In this video, you see a different side of Anderson. At the peak of his powers, Mitchell Johnson sledges Anderson. In reply, Anderson takes a wicket the next ball and gives one back to Johnson!

– Success in Asia and India

His last two tours in India were remarkable. He took 8 wickets at 15.87 average in 2021 and 10 wickets at 33.5 in 2024. In all, he took 92 wickets in Asia at 27.51. Not bad for one mocked as ‘Clouderson.’ He adapted and evolved with age.

Also fun fact, even though Anderson didn’t play an ODI match for about a decade, he is STILL the highest ODI wicket taker for England.

What Can We Learn From Jimmy Anderson?

Anderson’s longevity as a fast bowler will be marveled at for generations, but it was his swing bowling that set him apart. He developed this skill and kept refining it year after year until there was no match for him.

He utilized the English conditions like no other, kept himself fit for two decades, became a leader to the next generation, and was a great bloke all around. Rarely has someone come along who has single-handedly impacted England cricket, cricket as a whole, and the art form of fast bowling.

From the iPod 3rd generation to iPhone 15 Pro Max, from Beckham to Kane (Are the Euros coming home?); from the historic Volkswagen Beetle to self-driving Teslas, from Andrew Flintoff to Rocky Flintoff, and from Queen Elizabeth II to King Charles III, Anderson has seen it all.

Salute to you. There were never be another Jimmy Anderson.

Thank you for a special 20 years, I will cherish it forever.

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What were your favorite Jimmy Anderson moments?

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© Copyright @Nitesh Mathur and Broken Cricket Dreams, LLC 2023. Originally published on 07/12/2024. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Broken Cricket Dreams with appropriate and specific direction to the original content (i.e. linked to the exact post/article).

Dravid’s Ode to Joy, A Symphonic Masterpiece as Team India Lifts the 2024 T20 World Cup

Once upon a time, a father observed his three sons arguing. So just like any dad, he decided to teach them a lesson.

He gave each of his kids a bundle of sticks and asked them to break it.

The first son went in with confidence, but fell short of breaking it. The second kid tried really hard as well, but couldn’t break through. The third son also ended up with the same result.

Then, the father separated the bundle, and asked his sons to repeat the task. To their surprise, each of them was able to break all the sticks this time around, one by one.

What did they learn? Unity is Strength. By keeping the sticks together, the whole became stronger.

This is, of course, one of the many tales from Aesop’s Fables.

United We Stand, Divided We Fall

Much like this tale, India’s 2024 T20 World Cup campaign was marked by unity. There was no one performer or one star this time around.

Virat Kohli, the golden boy of Indian cricket for over a decade, could not make a run for his life. India found a new match winner in every game—Bumrah, Arshdeep, Suryakumar Yadav, Pandya, Rohit, and Axar all produced player of the match performances while Rishabh Pant and Shivam Dube played handy cameos throughout the World Cup.

In the final, Kohli steadied the ship with a 76, Axar’s 47 marked India’s recovery, and Dube’s 27 (16) provided the finishing spark that was much needed. In the second innings, Bumrah started with one of the balls of the tournament to dismiss Reeza Hendricks and Arshdeep took out Markram.

What followed was a brilliant counterattack from South Africa through Quinton de Kock, Tristan Stubbs, and Heinrich Klaasen, who unleashed one of the most memorable innings in a World Cup final.

But then, South African ran into the bundle of sticks.

Rishabh Pant helped India get an injury break and disrupted South Africa’s momentum. Pandya then dismissed Klaasen with a clever wide delivery, Bumrah gave nothing away and went through Jansen’s gates. Following up, Arshdeep bowled a cracker of a 19th over and stifled Maharaj, Hardik kept it tight in the 20th, and SKY, who had a middling tournament by his standards, came through with one of those acrobatic catches when it mattered the most.

Even if one of those pieces in the last 28 balls had not come together, India would have lost. But together, they proved to be too strong to break.

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Rahul Dravid, Director of the Orchestra

Ludwig van Beethoven, perhaps the most recognized composer of them all, left his best for last.

Beethoven’s wrote his Ninth Symphony when he was almost completely deaf. The fourth moment, Ode to Joy, is often regarded as one of the greatest pieces of classical music of all-time. Composer Tan Dun states that

“Everybody loved Beethoven. The enemy loved Beethoven. The friends loved Beethoven. The dictatorship loved Beethoven. But also, the gentle, the people, the kids, the mothers, the women loved Beethoven.”

Rahul Dravid, one of the greatest cricketers of all-time, left his best for last as well. Although Dravid is not going deaf, his hairs have definitely grayed. The WTC Final and 2023 ODI World Cup Final losses would have been hurting deep into his heart.

Everybody loves Rahul Dravid, friends and foes alike. Dravid is one of the most loved and respected cricketers out there (and was also named India’s most sexiest man in 2005, fun fact). He has accomplished everything..well almost everything except for a World Cup. He had won a World Cup with the U-19 team earlier team, but this was different. This was personal.

In 2007, India crashed out of the group stage under Dravid’s captaincy in the Caribbean. History must have been weighing on him. The weight of the nation must have been weighing on him.

17 years later, Dravid came back to the Caribbean yet again with the quest of a World Cup. At last, Dravid orchestrated his most famous symphony.

Also Read: What Dravid Taught Me

The Last Dance of Rohit Sharma & Virat Kohli

Rohit Sharma, was India’s worthy concertmaster.

On November 12, 2022, I had written an open letter from an Indian fan perspective titled, “Enough is Enough” and exclaimed that

“Something needs to change. Otherwise all that will be left is broken dreams.”

After the semi-finals loss against England, Rohit Sharma insisted on a change of approach, which was apparent in the dream 2023 ODI World Cup run at home (until the final). By the time we got to June 2024, the change was complete.

Both Rohit and Virat had transformed their playing styles. Rohit Sharma’s 92 against Australia will be talked about for years to come.

What about Virat Kohli? If South Africa had won the final, Kohli’s final knock may have been criticized. In hindsight, it was exactly the knock India needed from its talisman. The 2014 semi-final knock vs South Africa, the 82* at Mohali, the 82* in Adelaide and those sixes against Haris Rauf. People will always remember those, but they will now also remember how Virat Kohli & Rohit Sharma helped India win a World Cup.

Their leadership and legacy is now etched in history with this World Cup dream. Broken Dreams no more.

Also Read: 5 Ways Captain Virat Kohli Transformed Indian Cricket, Virat Kohli’s 25 Best Innings Across International Formats (RANKED)

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Jasprit Bumrah, Leader of the Bowlers

Jasprit Bumrah was the section leader for India’s bowlers.

He delivered with several solo performances, but also guided the rest of the bowlers along with him.

When there is a Bumrah, there is always a way. How does he keep doing it? Regardless of the format, pitch conditions, opposition, he delivers day in and day out. Player of the tournament for a reason. We are seeing the development of one of the greats in front our eyes.

India should appreciate, cherish, and keep Bumrah in cotton wool for as long as possible.

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Hardik Pandya

“It’s your reaction to adversity, not adversity itself that determines how your life’s story will develop.”

– Deiter F. Uchtdorf, German aviator and religious leader

This quote embodies Hardik Pandya. He is always in the news for one reason or the other, but this season has been really tough for him.

Hardik Pandya was booed all throughout IPL 2024 after he became Mumbai Indians’ captain. MI did not qualify for the playoffs and to make matters worse, he was in abysmal form himself. There were calls to not select him in the World Cup squad.

And the way he reacted to this adversity and came back is a story to behold. He kept his cool in the press conferences in the IPL and let his performances do the talking in the World Cup. He struck first against Pakistan, had a couple of great all-round shows, and capped it off with Klaasen-Miller’s wickets in the final.

Hardik Pandya, India’s bonafide match-winner.

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Rishabh Pant

Pastor T.D. Jakes once said, “A setback is a setup for a comeback.”

Rishabh Pant has endured the unimaginable over the last couple of years. The fact that he survived is a big deal on its own. To have the motivation and drive to play cricket again and that also at the highest level, is spectacular.

And then to make a comeback in the IPL and later in international cricket is out of the world. His scores of 36*, 42, 18, 20, 36, 15 might not blow the opposition out, but it is exactly what was needed by the #3. Kept the momentum going.

And boy, he was quite active behind the stumps! Not to forget the Gulbadin moment in the final.

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Axar Patel

Axar Patel was the missing ingredient India did not realize they had.

Over the last few ICC events, India have carried both Jadeja & Pandya in the XI, but somehow were always missing a bowling option or batting depth that ended up haunting them. Recall batting collapses in 2017 Champions Trophy Final & 2019 ODI SF or lack of bowling options in the 2016 T20 WC SF or 2023 ODI WC Final.

With Axar, Rohit could rotate the bowling around, add Kuldeep or Siraj based on conditions, and switch up the batting line up. The Grade Cricketer podcast sums Axar’s impact really well.

“The versatility is unrivaled….What..What a cricketer. He can bat 5 and make 47 in a World Cup final and also spin teams out in Test matches. I don’t know who else can do that!”

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Arshdeep Singh

Scottish philosopher Thomas Carlyle once said, “No pressure, no diamonds.”

25-year old Arshdeep was India’s diamond. He always delivered under pressure. 2/35, 1/31, 4/9, 3/36, 2/30, 3/37, 0/17, and 2/20.

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Suryakumar Yadav

Suryakumar Yadav has accomplished a lot in his life, he may be the best modern-day T20 batter, but his career may be remembered for 13 seconds that changed Indian cricket forever.

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Kuldeep Yadav

You can’t help but feel happy for Kuldeep Yadav. After all that he went through from 2020-22, Kuldeep is back with a bang!

He did not play the first few matches in fast bowling friendly USA, but the difference in the Caribbean with figures of 2/32, 3/19, 2/24, 3/19 before the 0/45 in the final. With Bumrah and Kuldeep in your XI, opposition just has 12 overs to hit.

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Shivam Dube

Like the lion in the Wizard of Oz, Shivam Dube personifies India’s courage.

His selection in the squad was courageous. His selection in the XI was courageous. Even though he started with scores of 14 (16), 0*(2), and 3 (9), he was persisted with. That was courageous.

And just like the lion in Oz, he lifted himself up when it mattered the most. Staying till the end of the chase with 31*(35) when India were struggling against USA, 34 (24) vs Bangladesh, 28 (22) vs Australia, and saving his best for last—27 (16).

For a known spin basher, he started off with a six against Marco Jansen in the final. Courage.

From 108/4 in 14 overs, India scored 68 in the final 6, and the rest, as we say, is history.

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Ravindra Jadeja

Sir Jadeja Exists.

In this WC, Jadeja did not bat much, bowl much, and did not even inflict a direct hit. But the fact that he was there made all the difference.

Rohit Sharma was able to rotate the bowlers, keep flexibility in the batting order, and kept the opposition at bay with the thought that India still has a #8 with three first class triple centuries, a luxury South Africa did not have.
Also announced his retirement along with Rohit & Kohli.

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Mohammad Siraj

Ended with figures of 3-0-13-1, 4-0-19-0, and 4-0-25-0. Pretty solid returns.

Yuzvendra Chahal

Although Chahal is India’s highest wicket taker in T20Is, he is yet to play a T20 World Cup match. But does that really matter anymore?

Sanju Samson

The victory you know. The luck factor, you don’t. In all seriousness, if you have someone with the skill of Sanju Samson on the bench, you must have an absolutely amazing team.

Yashasvi Jaiswal

Jaiswal’s time will come. He will carry the torch of Indian cricket for the next generation along with Shubman Gill and a few others.

Rinku Singh, Khaleel Ahmed, Avesh Khan

Although the reserve players did not get a chance in the final 15, they traveled with the squad throughout the tournament and attended several matches. Not once, did they show their disappointment. When India were happy, they were happy.

God’s Plan.

Support Staff, Physios, Selectors

Ajit Agarkar and co have been criticized for picking the seniors and dropping Rinku Singh. At the end, it all worked out, didn’t it?

Also we cannot forget the contributions of the physios, data analysts, support staff, and several hundred others who played a role in the background. India’s victory could not have been possible without them.

Final Thought, Thank You Team India

In an orchestra, everyone from the first chair to the last stand must be focused and switched on at all times. The bows need to go in the same direction, the entrances need to be spot on, the solos need to be spectacular, the tempo should be consistent, and the instruments need to be in tune. Finally, the director needs to ensure all the sections—the strings, woodwinds, brass, and percussion are all on the same page.

And when everything comes together, it is just so beautiful.

Thank you to India’s bowlers, batters, fielders, coaches, support staff, and the fans. They joined together and delivered when it mattered the most.

And the celebration was felt around the world. Robin Uthappa, R Ashwin, Rayudu, Ishant Sharma were visibly emotional on camera. So many cricketers before them have helped India grow and many such cricketers will continue to move Indian cricket forward.

Unity is Strength.

Congratulations!

Thank you for reading.

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© Copyright @Nitesh Mathur and Broken Cricket Dreams, LLC 2023. Originally published on 06/30/2024. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Broken Cricket Dreams with appropriate and specific direction to the original content (i.e. linked to the exact post/article).

How Much Debt Does Each County Owe? The Economics of County Cricket (Part II)

Recently, I posted a research article on the financials of County Cricket, which revealed the recent profit & loss trends of each County Cricket Club.

However, one piece of feedback I received was that it only painted part of the picture.

It was a valid critique. So I said to myself, why not go through the annual reports all over again but from a different perspective.

This time, we will look at how much debt each County is in, and how much asset they possess.

Key Takeaways

  • Yorkshire (£ 26.1 million), Hampshire (£ 14.3 million), and Surrey (£ 12.8 million) have the have the highest net current liabilities, while the MCC (£ 27.6 million), Warwickshire (£ 2.1 million), and Lancashire (£ 1.2 million) have the highest net current assets.
  • Similar to last time, I separated the first class Counties (from worst to best) in terms of how much money they owe currently (net current liabilities/asset).
    • Red: Yorkshire, Hampshire, Gloucestershire
    • Yellow: Surrey, Worcestershire, Somerset, Leicestershire, Kent, Durham, Glamorgan, Middlesex, Nottinghamshire, Northamptonshire
    • Green: Sussex, Essex, Derbyshire, Lancashire, Warwickshire, MCC
  • Note: It is not necessarily a bad thing to have liability. The MCC, for example, has £ 91 million in liabilities, but also have a mammoth £ 174 million in assets.

How Do You Read a Balance Sheet?

First a quick accounting lesson.

While the main instrument of our previous analysis was the ‘Profit and Loss Account’ statement, this time, we take a deep dive into the ‘Balance Sheet.’

Indian investor, Rakesh Jhunjhunwala, is accredited to have once said

“You know, a balance sheet is like a bikini. It shows more but it hides what is vital.”

– Rakesh Jhunjunwala

During this process, I had to teach myself how to read a balance sheet before I could start analyzing! So, I’ll try my best to condense the balance sheet information into digestible pieces of information for you.

In a balance sheet, everything basically needs to add up. The main equation to keep in mind here is:

Equity = Assets – Liabilities.

Assets are made up of fixed assets (like value of stadiums) and current assets. On the other, liabilities include amount falling due within one year (short-term debt) and amount falling due after more than one year (long-term debt like bank loans).

In long-term debt, we have included “creditors: amounts falling due after more than one year”, “less deferred income”, “provision for liabilities,” and “unamortised grants” among others.

So, which County Cricket Club has the Most Debt?

We rank the clubs based on the net current liabilities/debt or net current assets.

Since most clubs have healthy total fixed assets, we look at net current liabilities to see how much amount is owed by the club in the upcoming year or so.

(Note: I use Debt/Liability interchangeably but liabilities is the proper term because it can include debt, loan, deferred income, etc.).

1. Yorkshire (£ 26.1 Million Debt)

Assessment: Yorkshire is probably in the worst financial state of any of England’s first class county cricket clubs. The club has high liability (both short and long-term) and negative reserves.

They are currently going through refinancing and Colin Graves’ family trust loans are keeping the club afloat. Graves himself has stated that a private ownership model is needed for club’s financial health.

Debt Status: Red

“In the event that sufficient funding is not obtained, Colin Graves has undertaken to provide the necessary support.”

20232022
Total Assets+ £ 25,259,827 + £ 29,832,159
Total Liabilities– £ 34,365,091 – £ 31,886,647
Equity/Reserves– £ 9,105,264 – £ 2,054,488

Breakdown of Assets

  • Fixed Assets: £ 24,191,128 (2023), £ 28,168,294 (2022)
  • Current Assets: £ 1,068,699 (2023), £ 1,663,865 (2022)

Breakdown of Liabilities

  • Short-Term Debt: £ 27,198,557 (2023), £ 10,381,311 (2022)
  • Long-Term Debt: £ 7,166,534 (2023), £ 21,505,336 (2022)

Net Current Liabilities: £ 26,129,858 (2023), £ 8,717,446 (2022)

Total Assets less current Liabilities: – £ 1,938,730 (2023), + £ 19,450,848 (2022)

We can see the CJ Graves and his family trust is owed a lot of money (about £ 15 million) by the Yorkshire County Cricket Club (see section 8: Creditors: amounts falling due within one year below).

Source: The Yorkshire County Cricket Club Annual Report and Accounts 2023 (44 Pages)

2. Hampshire (£ 14.3 Million Debt)

Assessment: High total assets, but also high liabilities. Loans are contributing to their high current liabilities.

Debt Status: Red

20222021
Total Assets+ £ 75,657,293+ £ 77,147,695
Total Liabilities– £ 73,216,510– £ 73,360,029
Equity/Reserves+ £ 2,440,783+ £ 3,787,666

Breakdown of Assets

  • Fixed Assets: £ 70,243,939 (2022), £ 70,727,311 (2021)
  • Current Assets: £ 5,413,354 (2022), £ 6,420,384 (2021)

Breakdown of Liabilities

  • Short-Term Debt: £ 19,672,126 (2022), £ 19,289,435 (2021)
  • Long-Term Debt: £ 53,544,384 (2022), £ 54,070,594 (2021)

Net Current Liabilities: – £ 14,258,772 (2022), – £ 12,869,051 (2021)

Total Assets less current Liabilities: + £ 55,985,167 (2022), + £ 57,858,260 (2021)

*Year ending on 31st December, 2022

Sources: Hampshire Sport & Leisure Holdings Limited Financial Statements (41 Pages)

3. Surrey (£ 12.8 Million Debt)

Assessment: Although Surrey has a lot of debt, they do have about £ 29 million in reserves due to their high fixed asset valuation.

Debt Status: Yellow

20232022
Total Assets+ £ 96,319,000 + £ 95,339,000
Total Liabilities– £ 67,119,000 – £ 74,172,000
Equity/Reserves+ £ 29,200,000+ £ 21,167,000

Breakdown of Assets

  • Fixed Assets: £ 75,807,000 (2023), £ 66,984,000 (2022)
  • Current Assets: £ 20,512,000 (2023), £ 28,355,000 (2022)

Breakdown of Liabilities

  • Short-Term Debt: £ 33,327,000 (2023), £ 35,430,000 (2022)
  • Long-Term Debt: £ 33,792,000 (2023), £ 38,742,000 (2022)

Net Current Liabilities: – £ 12,815,000 (2023), – £ 7,075,000 (2022)

“As in previous years, net current liabilities includes deferred income – relating to membership subscriptions, advance ticket sales and hospitality deposits – which does not represent future cash outflows.”

Total Assets less current Liabilities: £ 62,992,000 (2023), £ 59,909,000 (2022)

  • Bank Debt: £ 9.5 Million repayable 4 Years

*Year ending on 31st January, 2024

Source: Surrey County Cricket Club Annual Report & Accounts 2023/24 (13 Pages)

4. Gloucestershire (£ 5 Million Debt)

Assessment: Gloucestershire’s short-term debt sky-rocketed in 2024. Clearing these liabilities as soon as possible would be in their best interest, even though their fixed assets are holding them up for the time being.

Debt Status: Red

20242023
Total Assets+ £ 9,436,000+ £ 9,134,000
Total Liabilities– £ 7,646,000– £ 6,154,000
Equity/Reserves+ £ 1,790,000+ £ 2,980,000

Breakdown of Assets

  • Fixed Assets: £ 8,613,000 (2024), £ 8,744,000 (2023)
  • Current Assets: £ 823,000 (2024), £ 390,000 (2023)

Breakdown of Liabilities

  • Short-Term Debt: £ 5,842,000 (2024), £ 1,660,000 (2023)
  • Long-Term Debt: £ 1,804,000 (2024), £ 4,494,000 (2023)

Net Current Liabilities: – £ 5,019,000 (2024), – £ 1,270,000 (2023)

Total Assets less current Liabilities: £ (2024), £ (2023)

Source: Gloucestershire County Cricket Limited Financial Statements (30 Pages)

*Year ending on 31st January, 2024

5. Worcestershire (£ 3.3 Million Debt)

Assessment: Their long-term debt continued to go down and the value of their assets continued to rise. However, their short-term liabilities are also on the rise, which they need to keep in check.

Debt Status: Yellow

202320222021
Total Assets+ £ 8,529,059+ £ 8,207,246+ £ 8,178,734
Total Liabilities– £ 6,344,942– £ 6,036,445– £ 5,804,690
Equity/Reserves+ £ 2,184,117+ £ 2,170,801+ £ 2,374,044

Breakdown of Assets

  • Fixed Assets: £ 8,027,766 (2023), £ 7,730,721 (2022), £ 7,851,182 (2021)
  • Current Assets: £ 501,293 (2023), £ 476,525 (2022), £ 327,552 (2021)

Breakdown of Liabilities

  • Short-Term Debt: £ 3,772,240 (2023), £ 2,691,071 (2021)
  • Long-Term Debt: £ 2,572,702 (2023), £ 3,113,619 (2021)

*Note: Their 2022 liability section in their financial statement was empty, but we were able to calculate the total liabilities based on the rest of their balance sheet for 2022.

Net Current Liabilities: – £ 3,270,947 (2023), – £ 2,363,519 (2021)

Total Assets less current Liabilities: £ 4,756,819 (2023), £ (2022), £ 5,487,663 (2021)

*Year ending on 31st December, 2023

Source: Worcestershire County Cricket Team Limited Annual Report (44 Pages)

6. Somerset (£ 1.2 Million Debt)

Assessment: In 2022, Somerset reduced their long-term debt and declared a ‘positive financial result in a challenging environment’ in their financial report. We have marked them as yellow, because current liabilities still outweigh the value of their current assets.

Debt Status: Yellow

20222021
Total Assets+ £ 16,295,404+ £ 16,237,079
Total Liabilities– £ 6,063,632– £ 6,403,379
Equity/Reserves+ £ 10,231,772+ £ 9,833,700

Breakdown of Assets

  • Fixed Assets: £ 13,904,291 (2022), £ 14,039,103 (2021)
  • Current Assets: £ 2,391,113 (2022), £ 2,197,976 (2021)

Breakdown of Liabilities

  • Short-Term Debt: £ 3,629,598 (2022), £ 2,436,247 (2021)
  • Long-Term Debt: £ 2,434,034 (2022), £ 3,967,132 (2021)

Net Current Liabilities: – £ 1,238,485 (2022), – £ 238,271 (2021)

Total Assets less current Liabilities: £ 12,665,693 (2022), £ 13,800,832 (2021)

*Year ending on 31st December, 2022

Source: Somerset County Cricket Club Accounts (21 Pages)

7. Leicestershire (£ 945,000 Debt)

Assessment: Their debt increased visibly between 2022 and 2023, which ate away from their + £ 2.5 million equity.

Debt Status: Yellow

20232022
Total Assets+ £ 6,267,033+ £ 6,177,566
Total Liabilities– £ 4,157,424– £ 3,627,843
Equity/Reserves+ £ 2,109,609+ £ 2,549,723

Breakdown of Assets

  • Fixed Assets: £ 5,959,769 (2023), £ 5,638,427 (2022)
  • Current Assets: £ 307,264 (2023), £ 539,139 (2022)

Breakdown of Liabilities

  • Short-Term Debt: £ 1,252,280 (2023), £ 1,057,725 (2022)
  • Long-Term Debt: £ 2,905,144 (2023), £ 2,570,118 (2022)

Net Current Liabilities: – £ 945,016 (2023), – £ 518,586 (2022)

Total Assets less current Liabilities: £ 5,014,753 (2023), £ 5,119,841 (2022)

*Year ended on 30th September, 2023

Source: Leicestershire 2023, Leicestershire County Cricket Club Limited Annual Report – 2022 (30 Pages), Leicestershire News

8. Kent (£ 724,000 Debt)

Assessment: Their liabilities increased slightly between 2022 & 2023, but overall are in a decent position.

Debt Status: Yellow

20232022
Total Assets+ £ 12,473,166+ £ 12,780,543
Total Liabilities– £ 5,486,865– £ 5,324,792
Equity/Reserves+ £ 6,986,301+ £ 7,455,751

Breakdown of Assets

  • Fixed Assets: £ 11,408,651 (2023), £ 11,420,756 (2022)
  • Current Assets: £ 1,064,515 (2023), £ 1,359,787 (2022)

Breakdown of Liabilities

  • Short-Term Debt: £ 1,788,152 (2023), £ 1,799,134 (2022)
  • Long-Term Debt: £ 3,698,713 (2023), £ 3,525,658 (2022)

Net Current Liabilities: – £ 723,637 (2023), – £ 439,347 (2022)

Total Assets less current Liabilities: £ 10,685,014 (2023), £ 10,981,409 (2022)

*Year ending on 31st October, 2022

Source: Kent County Cricket Club Limited Annual Report and Financial Statements (56 Pages), 2023 Kent Financial Returns (and other Kent documents)

9. Durham (£ 549,000 Debt)

Assessment: Durham progressed on reducing their short-term debts and have plenty of overall equity.

Debt Status: Yellow

20232022
Total Assets+ £ 19,709,550 + £ 18,374,891
Total Liabilities – £ 11,820,823 – £ 12,017,354
Equity/Reserves+ £ 7,888,727 + £ 6,357,537

Breakdown of Assets

  • Fixed Assets: £ 19,047,781 (2023), £ 17,960,139 (2022)
  • Current Assets: £ 661,769 (2023), £ 414,752 (2022)

Breakdown of Liabilities

  • Short-Term Debt: £ 1,210,704 (2023), £ 1,440,643 (2022)
  • Long-Term Debt: £ 10,610,119 (2023), £ 10,576,711 (2022)

Net Current Liabilities: – £ 548,935 (2023), – £ 1,025,891 (2022)

Total Assets less current Liabilities: £ 18,498,846 (2023), £ 16,934,248 (2022)

*Year ending on 30th September, 2022

Source: Durham Cricket Community Interest Group Annual Report (32 Pages)

10. Glamorgan (£ 347,000 Debt)

Assessment: They have seen a slight drop from 2022 to 2023. The value of their current assets decreased more than their short-term debt.

Debt Status: Yellow

20232022
Total Assets+ £ 15,813,392+ £ 17,553,572
Total Liabilities– £ 6,045,921 – £ 7,257,807
Equity/Reserves+ £ 9,767,471 + £ 10,295,765

Breakdown of Assets

  • Fixed Assets: £ 14,658,586 (2023), £ 15,263,163 (2022)
  • Current Assets: £ 1,154,806 (2023), £ 2,290,409 (2022)

Breakdown of Liabilities

  • Short-Term Debt: £ 1,501,433 (2023), £ 1,529,293 (2022)
  • Long-Term Debt: £ 4,544,488 (2023), £ 5,728,514 (2022)

Net Current Liabilities: – £ 346,627 (2023), + £ 761,116 (2022)

Total Assets less current Liabilities: + £ 14,311,959 (2023), + £ 16,024,279 (2022)

*Year ended on 31 December, 2023

Source: Glamorgan Cricket Club Limited Report and Financial Statements (45 Pages)

11. Middlesex (£ 269,000 Debt)

Assessment: Middlesex took strides in decreasing their current liability from 2022 to 2023. However, their reserves are extremely low, so they need to be careful (due to low-valued fixed assets).

Debt Status: Yellow

20232022
Total Assets+ £ 1,596,000+ £ 1,421,000
Total Liabilities– £ 1,527,000– £ 1,483,000
Equity/Reserves+ £ 69,000 – £ 62,000

Breakdown of Assets

  • Fixed Assets: £ 538,000 (2023), £ 580,000 (2022)
  • Current Assets: £ 1,058,000 (2023), £ 841,000 (2022)

Breakdown of Liabilities

  • Short-Term Debt: £ 1,327,000 (2023), £ 1,285,000 (2022)
  • Long-Term Debt: £ 200,000 (2023), £ 198,000 (2022)

Net Current Liabilities: – £ 269,000 (2023), – £ 444,000 (2022)

Total Assets less current Liabilities: £ 269,000 (2023), £ 136,000 (2022)

*Year ending November 2023

Source: Middlesex County Cricket Limited Annual Reports, Middlesex Annual Report News

12. Nottinghamshire (£ 186,000 Debt)

Assessment: Their current liabilities decreased massively from 2021 to 2022. They are in the right direction, and should be able to come out of debt soon if the trend continues.

Debt Status: Yellow

20222021
Total Assets+ £ 26,581,361+ £ 30,095,684
Total Liabilities– £ 19,854,388– £ 24,058,349
Equity/Reserves+ £ 6,726,973+ £ 6,037,335

Breakdown of Assets

  • Fixed Assets: £ 21,572,444 (2022), £ 22,134,880 (2021)
  • Current Assets: £ 5,008,917 (2022), £ 7,960,804 (2021)

Breakdown of Liabilities

  • Short-Term Debt: £ 5,194,609 (2022), £ 6,985,179 (2021)
  • Long-Term Debt: £ 14,659,779 (2022), £ 17,073,170 (2021)

Net Current Liabilities: – £ 185,692 (2022), – £ 975,625 (2021)

Total Assets less current Liabilities: £ 21,386,752 (2022), £ 23,110,505 (2021)

*Year ending on 30th September, 2022

Source: Nottinghamshire County Cricket Club Annual Reports and Accounts (68 Pages)

13. Northamptonshire (£ 91,000 Debt)

Assessment: Northamptonshire are slightly in debt, but not by much. However, they do not have high valued fixed assets like some of the other clubs, so they may need to tread the next couple of years carefully.

Debt Status: Yellow

20232022
Total Assets+ £ 4,112,841+ £ 3,513,443
Total Liabilities– £ 2,750,921– £ 2,261,687
Equity/Reserves+ £ 1,361,920+ £ 1,251,756

Breakdown of Assets

  • Fixed Assets: £ 3,347,536 (2023), £ 2,995,663 (2022)
  • Current Assets: £ 765,305 (2023), £ 517,780 (2022)

Breakdown of Liabilities

  • Short-Term Debt: £ 856,291 (2023), £ 965,552 (2022)
  • Long-Term Debt: £ 1,894,630 (2023), £ 1,296,135 (2022)

Net Current Liabilities: – £ 90,986 (2023), – £ 447,772 (2022)

Total Assets less current Liabilities: £ 3,256,550 (2023), £ 2,547,891 (2022)

*Year ending on 31st January, 2023

Source: Northamptonshire County Cricket Club Report (19 Pages)

14. Sussex (£ 188,000 Asset)

Assessment: Their net current assets dropped value from 2022 to 2023, but overall they still have plenty in the reserves.

Debt Status: Green

20232022
Total Assets+ £ 19,242,861+ £ 30,157,755
Total Liabilities– £ 9,601,657– £ 19,893,747
Equity/Reserves+ £ 9,641,204 + £ 10,264,008

Breakdown of Assets

  • Fixed Assets: £ 12,872,213 (2023), £ 11,907,691 (2022)
  • Current Assets: £ 6,370,648 (2023), £ 18,250,064 (2022)

Breakdown of Liabilities

  • Short-Term Debt: £ 6,182,414 (2023), £ 17,153,707 (2022)
  • Long-Term Debt: £ 3,419,243 (2023), £ 2,740,040 (2022)

Net Current Assets: + £ 188,234 (2023), + £ 1,096,357 (2022)

Total Assets less current Liabilities: + £ 13,060,447 (2023), + £ 13,004,048 (2022)

*Year ending on 31st October, 2023

Source: Sussex Annual Report & Statement of Accounts (23 Pages)

15. Essex (£ 442,000 Asset)

Assessment: Essex has seen a recent drop in every department—Lower equity, lower asset value, but also lower liabilities, but overall staying above water.

Debt Status: Green

20222021
Total Assets+ £ 5,874,191+ £ 6,845,305
Total Liabilities– £ 3,537,530 – £ 4,129,675
Equity/Reserves+ £ 2,336,661+ £ 2,715,630

Breakdown of Assets

  • Fixed Assets: £ 4,303,332 (2022), £ 4,613,469 (2021)
  • Current Assets: £ 1,570,859 (2022), £ 2,231,836 (2021)

Breakdown of Liabilities

  • Short-Term Debt: £ 1,128,377 (2022), £ 1,455,113 (2021)
  • Long-Term Debt: £ 2,409,153 (2022), £ 2,674,562 (2021)

Net Current Assets: + £ 442,482 (2022), + £ 776,723 (2021)

Total Assets less current Liabilities: £ 4,745,814 (2022), + £ 5,390,192 (2021)

*Year ending on 31st December, 2022

Source: Essex County Cricket Club Report and Statement of Accounts (24 Pages)

16. Derbyshire (£ 823,000 Asset)

Assessment: Derbyshire’s current assets are slightly higher than their current debts. Overall, things are looking good.

Debt Status: Green

20232022
Total Assets + £ 10,930,000 + £ 9,833,000
Total Liabilities– £ 7,842,000– £ 6,816,000
Equity/Reserves+ £ 3,087,000+ £ 3,017,000

Breakdown of Assets

  • Fixed Assets: £ 9,063,000 (2023), £ 8,390,000 (2022)
  • Current Assets: £ 1,789,000 (2023), £ 1,365,000 (2022)

Warwickshire also has a ‘deferred tax asset’ of £ 78,000 for both 2022 and 2023.

Breakdown of Liabilities

  • Short-Term Debt: £ 967,000 (2023), £ 729,000 (2022)
  • Long-Term Debt: £ 6,875,000 (2023), £ 6,087,000 (2022)

Net Current Assets: + £ 823,000 (2023), + £ 636,000 (2022)

Total Assets less current Liabilities: £ 9,964,000 (2023), £ 9,104,0000 (2022)

Source: Derbyshire County Cricket Club 2023 Annual Report and Accounts (24 Pages)

17. Lancashire (£ 1.2 Million Asset)

Assessment: High long-term liabilities, but also high long-term fixed assets.

Debt Status: Green

20222021
Total Assets+ £ 65,856,709+ £ 60,077,707
Total Liabilities– £ 59,779,090 – £ 56,422,263
Equity/Reserves+ £ 6,077,619+ £ 3,655,444

Breakdown of Assets

  • Fixed Assets: £ 58,095,758 (2022), £ 52,450,561 (2021)
  • Current Assets: £ 7,760,951 (2022), £ 7,627,146 (2021)

Breakdown of Liabilities

  • Short-Term Debt: £ 6,524,779 (2022), £ 7,224,793 (2021)
  • Long-Term Debt: £ 53,254,311 (2022), £ 49,194,470 (2021)

Net Current Assets: + £ 1,236,172 (2022), + £ 402,353 (2021)

Total Assets less current Liabilities: £ 59,331,930 (2022), £ 52,852,914 (2021)

*Year ending on 31st December, 2022

Source: Lancashire County Cricket Club Limited Annual Report and Financial Statements (23 Pages)

18. Warwickshire (£ 2.1 Million Asset)

Assessment: Their current assets are valued higher than their current liabilities, putting them in a positive position.

Debt Status: Green

20232022
Total Assets+ £ 44,116,678+ £ 46,359,390
Total Liabilities– £ 40,479,231– £ 43,912,576
Equity/Reserves+ £ 3,637,447+ £ 2,446,814

Breakdown of Assets

  • Fixed Assets: £ 33,706,342 (2023), £ 31,963,027 (2022)
  • Current Assets: £ 10,410,336 (2023), £ 14,396,363 (2022)

Breakdown of Liabilities

  • Short-Term Debt: £ 8,256,454 (2023), £ 12,561,948 (2022)
  • Long-Term Debt: £ 32,222,777 (2023), £ 31,350,628 (2022)

Net Current Assets: + £ 2,153,772 (2023), + £ 1,843,415 (2022)

Total Assets less current Liabilities: £ 35,860,114 (2023), £ 33,797,442 (2022)

Source: Warwickshire County Cricket Club 2023 Annual Report (25 Pages), 2023 Summary

19. Marylebone Cricket Club, The MCC (£ 27.6 Million Asset)

Assessment: £ 118 million in fixed asset is all that you need to know about the MCC. Even though have about £ 63 million long-term liabilities, they are well above water. High reserves, positive current assets.

Debt Status: Green

20232022
Total Assets+ £ 174,535,000+ £ 165,393,000
Total Liabilities– £ 91,619,000– £ 90,212,000
Equity/Reserves+ £ 82,916,000+ £ 75,181,000

Breakdown of Assets

  • Fixed Assets: £ 118,564,000 (2023), £ 111,430,000 (2022)
  • Current Assets: £ 55,971,000 (2023), £ 53,963,000 (2022)

Breakdown of Liabilities

  • Short-Term Debt: £ 28,404,000 (2023), £ 26,140,000 (2022)
  • Long-Term Debt: £ 63,215,000 (2023), £ 64,072,000 (2022)

Net Current Assets: + £ 27,567,000 (2023), + £ 27,823,000 (2022)

Total Assets less current Liabilities: + £ 146,131,000 (2023), + £ 139,253,000 (2022)

Source: MCC’s Annual Report (108 Pages)

Final Thoughts

Some clubs like Yorkshire and Hampshire are struggling on all counts, while others like the MCC are doing much better.

Landscape of domestic England cricket is changing. The ownership model for both County cricket and The Hundred are up in the air.

Cricket will survive, fans will exist, but financial health cannot be disregarded.

How will England cricket navigate this phase? I guess, we will wait and watch.

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© Copyright @Nitesh Mathur and Broken Cricket Dreams, LLC 2023. Originally published on 05/16/2024. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Broken Cricket Dreams with appropriate and specific direction to the original content (i.e. linked to the exact post/article).

If You Can’t Convince Them, Beat Them: How America Achieved Its First Cricket Dream

July 27, 2004, Democratic National Convention—A relatively unknown American politician steps out on the field and delivers a rousing keynote address to capture the attention of the world.

Political commentators Robert Lehrman and Michael A. Cohen later mention that back in 2004, this leader

was totally unknown. People were saying, ‘I don’t know who this guy is, wonder why they picked himNo one knew who this guy was. This was his chance to introduce himself to people.”

The name was Obama, Barack Obama. The keynote address would go down in folklore as “The Speech That Made Obama President.”

Now fast forward almost twenty years after Obama’s dramatic entry.

America Arrives on the World Stage…in Cricket?

June 6, 2024, Men’s T20 Cricket World Cup—A relatively unknown American cricket team steps out on to the field and delivers a rousing Super Over victory over one of the favorites, Pakistan, to capture the attention of the world.

Before the World Cup, Team USA was totally unknown. People were saying, ‘I don’t know why they held the World Cup in USA…(why did they build a random temporary stadium in New York with bad pitches and dangerous outfields)…No one knew the potential of this team. This was America’s chance to introduce themselves to fans.

In the opening game of the World Cup, Aaron Jones’ tornadic innings already made fans look at this team twice.

But this moment, a convincing victory against Pakistan, may well go down in folklore as the day cricket in America changed.

(Side Note: Only Pakistan can light up a tournament in such Pakistan fashion and open the tournament alive with this loss. Won’t be surprised if they come back and end up winning the whole thing as only Pakistan know how to do).

E Pluribus Unum – Out of Many, One

Obama centers his speech around a traditional motto of the United States, ‘E pluribus unum,’ a Latin phrase phrase that means ‘Out of Many, One.’

The American cricket squad has been criticized, even mocked, for being made up of expatriates.

Liam Plunkett plunged into the Philadelphia cricket scene a few years ago after being discarded post England’s 2019 World Cup victory.

Soon after, the likes of Corey Anderson, Unmukt Chand, Dane Piedt, and at least 81 others immigrated to the United States seeking a better opportunity. Currently the story of Saurabh Netravalkar is making the rounds on social media—Engineer, Computer Scientist, Cricketer, Musician.

ESPNCricinfo’s article on Monank Patel, Noshtush Kenjige, and Nitish Kumar shines a light on some other American dreams.

Also Read: 24 Cricketers with Musical Talent Who Will Rock You Ft. Don Bradman, Sreesanth, and AB De Villiers

America the Beautiful

The squad is well balanced. They have plenty of bowling options spearheaded by the fearless Ali Khan, players with international experience, IPL experience, Major League Cricket stars, and homegrown talent from the minor leagues. The top order is so strong that Unmukt Chand, India’s victorious 2012 U-19 captain, did not find a place.

Team USA’s current T20 World Cup squad include South Africans, Kiwis, Sri Lankans, Pakistanis, Indians.

But at the end of the day, that is the beauty of America. A melting pot, a salad bowl, whatever fits your boat.

Regardless of where you come from, the United States of America is a land that provides opportunity to all. An opportunity to excel.

A place where you can build your own American story.

Cricket Wins Despite ICC’s Shambolic Marketing

After one week, there were doubts on whether this World Cup will be successful or not.

Grueling travel schedules for Sri Lanka and Bangladesh, an untested pitch & outfield that has the potential to cause major injuries, several sub-100 T20 scores, empty stadiums, overpriced tickets, TV schedules that defy logic, a World Cup scheduled during the NBA Finals, broadcast access only from WillowTV (channel most Americans have not even heard of), and shambolic marketing by the ICC.

I missed the entirety of the USA-Pakistan despite residing in the same timezone as Dallas because the match was scheduled during work hours at 10:30 AM. Apart from a couple of news reports, the acquisition of Usain Bolt as a brand ambassador, and local awareness in the New York-New Jersey and Dallas-areas, there has not been much marketing of note. None of my friends are aware that the US is even hosting a Cricket World Cup.

Yet the cricket has succeeded.

We have already seen two Super Overs, a lovely Ugandan story, and Oman shackling Australia. Never again shall we go back to less than a 20-team World Cup. Please.

A few of my non-cricketing friends here reached out after the US victory today, sharing articles and tweets with me! Good cricket, word of mouth, and a bit of social media is doing its magic!

Local Coverage Gives Cricket a Boost on Social Media

One of the shining lights has been the coverage provided by Peter Della Penna, Nate (cricfanusa), Aaman Patel, and many other such local talents.

The addition of baseball-cricket fan turned sports media analyst, Jomboy, to ICC’s commentary panel, Melinda Farrell commentating in the Warehouse Games, the Grade Cricketer bringing their true Australian selves to the American shores, and Bharat Sundaresan walking around in Times Square have added another dimension to the cricket content.

Peter has been traveling around the States for the World Cup, interviewing fans, providing live traffic information, etc. In some cases, he exposes the ticket pricing issues:

At other times, he conveys stories of new fans entering the game.

Finally, we get to see how the crowd’s reactions ranging from Nepal’s thunderous audience to the empty stands during an India game in New York.

Hope in the face of Uncertainty

We can cherish today as the day USA Cricket Team achieved its first American cricket dream. Hopefully, first of many.

Honestly speaking, two years ago, I was skeptical of the initiatives in the American cricket circuit. However, a successful 2023 MLC and a strong showing in this World Cup from Team USA has given me a glimmer of hope.

Selling cricket to Americans is difficult. Not because of comparisons with baseball (that is a story for another day), but because of the numerous other sport options the American public has. Cricket is not yet mature enough to compete in the American market, but David-Goliath stories like today definitely help in making a case.

Obama concludes his speech by saying that

“My story is part of the larger American story…and in no other country on Earth is my story even possible.”

Similarly, the journey of Team USA’s cricket team is just like any other American story.

The hope of immigrants setting out for distant shores….The Hope of a skinny kid with a funny name who believes that America has a place for him too…Hope in the face of difficulty. Hope in the face of uncertainty. The audacity of hope.”

We don’t know if cricket will succeed or fail in the US, but if there is any place where we can hope that such an audacious experiment has a slight chance of succeeding, it is the United States of America.

****

America, Pakistan, Obama. But in a cricket context. Now you didn’t expect that, did you?

That’s what we like to do here. Cricket, but slightly outside the box.

Anyways, thanks for reading and thank you for your time.

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© Copyright @Nitesh Mathur and Broken Cricket Dreams, LLC 2023. Originally published on 06/07/2024. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Broken Cricket Dreams with appropriate and specific direction to the original content (i.e. linked to the exact post/article).

I Read Every County Cricket Club’s Financials—Fascinating Revelations! Are County Cricket Clubs Really Struggling?

The ECB have managed to get approval from the 18 counties and the MCC for a ‘direction of travel’ (whatever that means) as a next step towards privatizing The Hundred. This will change the revenue model currently in place between the ECB & the Counties.

This made me wonder why the ECB had come up with The Hundred in the first place and why they are now moving towards privatizing the tournament.

Are all County clubs struggling financially? If yes, how bad are their situations?

I wanted to get to the bottom of this. So I researched all 18 Counties’ (and MCC’s) Annual Reports & Financial Accounts.

Here is what I found out after perusing through about 617 pages of annual reports.

Key Takeaways

  • Surrey (£ 8 Million – 2023), Lancashire (£ 2.4 Million – 2022), and Warwickshire (£ 1.3 Million – 2023) saw the most profit in a year, while Yorkshire (£ 7 Million Loss – 2023), Hampshire (£ 1.3 Million – 2022), and Gloucestershire (£ 1.2 Million – 2023) had the largest losses.
  • I separated the Counties in three categories based on their current financial health status.
    • Green: MCC, Surrey, Lancashire, Warwickshire, Nottinghamshire, Somerset, Durham, Northamptonshire, Derbyshire
    • Yellow: Worcestershire, Kent, Leicestershire, Essex, Glamorgan, Sussex, Middlesex
    • Red: Gloucestershire, Hampshire, Yorkshire
  • Several teams highlighted inflation, rising interest rates, and rising energy costs as points of concerns looking at the future.
  • Although Test cricket is usually costly to host and results in losses for most cricket boards, County Clubs benefit when they host Ashes Tests (and ODIs). Membership soars, tickets are sold out, and the general interest in the County game increases. That is why many Counties experienced a boost in 2023 (except for Yorkshire).
Embed from Getty Images

Which County Cricket Club Earned the Most Money?

The Counties below are arranged by the profit/loss in their latest released financial statements (not their overall reserves). We have summarized quotes from annual reports, factors contributing to growth, future outlook & concerns, etc. to provide a holistic view of the club. We made our financial health assessments as follows:

  • Green: Annual profits (mostly) for two years in a row and surplus reserves.
  • Yellow: (1) Recent annual losses but overall surplus reserves, (2) recent profits but negative reserves, or (3) concerns from the treasurer/CEO/chair in their written statements despite positive financials.
  • Red: Annual losses for two years in a row as well as negative reserves.

If debts and loan repayments were called out in the report, we mention it. However, other important metrics like detailed balance sheet and long-term debt analysis for each County is a deep dive for another day. (All the sources are linked at the end of each section if you are interested to learn more).

*Note: Results are presented from the club’s most recent Annual Report. Some clubs have already released their 2023 reports (that covers both 2023 & 2022 financial reports) while some others have only released 2022 reports (that cover 2022 & 2021 financial reports). The reports are sourced at the end of each section.

**The annual total represents the total comprehensive income for the club after taxation.

1. Surrey (£ 8 Million Profit)

  • Division: Division One
  • Home Ground: The Oval

Financial Health Status: Green

Assessment: Positive annual returns pushed their reserves even higher, but they are expecting a tough 2024.

Surrey’s 2-Year Profit/Loss

Year2023 2022
Annual Total+ £ 7,999,000– £ 1,332,000
Total Reserves+ £ 29,200,000+ £ 21,167,000

Treasurer’s Report Summary

“We have delivered an excellent financial performance in 2023 and look forward to continuing growth over the medium term. In the short term however, we expect a difficult year in 2024. We have a Friday start in our Test match, and an IT20 not an ODI.”

Positive Highlights from Surrey’s Annual Report

  • Membership grew by 18,739
  • Men’s Ashes Test (Sold Out), India vs Australia WTC Final (Sold Out)
  • Women’s Ashes IT20 (20,000 tickets)
  • Strong T20 Vitality Blast Attendance

Financial Concerns for Surrey County Cricket Club

  • Inflation, Increases in Rent
  • Overheads expenses increased by £6,300,000 compared to 2022
  • Staffing Increase Costs (recovery from COVID staff reduction)
  • Hotel Development Costs
  • Bank debt of £9,500,000

*Year ending on 31st January, 2024

Source: Surrey County Cricket Club Annual Report & Accounts 2023/24 (13 Pages)

2. Lancashire (£ 2.4 Million Profit)

  • Division: Division One
  • Home Ground: Old Trafford

Financial Health Status: Green

Assessment: Profits in the last couple of years, attendance growing, things looking pretty solid for Lancashire.

Lancashire’s 2-Year Profit/Loss

Year20222021
Annual Total+ £ 2,422,093 + £ 1,805,747
Total Reserves+ £ 6,077,364+ £ 3,655,444

Finance Report Summary

“The Club’s post pandemic recovery continued in 2022 as we benefitted from a return to normality with a full year of unrestricted crowd.”

Positive Highlights from Lancashire’s Annual Report

  • Hosted 2 ODIs (1 vs India, 1 vs SA) and a Test vs South Africa
  • Hospitality revenues increased, Hotel/Conference/Events revenue recovered from pandemic
  • 4 Sold Out concerts
  • Sponsorship growth
  • Sales increased
  • Ashes and NZ T20I pre-sales
  • 17% higher attendance for the Hundred

Financial Concerns for Lancashire County Cricket Club

  • England vs India Test cancelled in 2021
  • Construction at Old Trafford impacted attendance

*Year ending on 31st December, 2022

Source: Lancashire County Cricket Club Limited Annual Report and Financial Statements (23 Pages)

3. Warwickshire (£ 1.3 Million Profit)

  • Division: Division One
  • Home Ground: Edgbaston

Financial Health Status: Green

Assessment: The Ashes helped boost Warwickshire’s 2023 return. Financial growth moving in the right direction for the club.

Warwickshire’s 2-Year Profit/Loss

Year2023
(10/01/2022-12/31/2023)
2022
(09/30/2021-09/30/2022)
Annual Total+ £ 1,310,068+ £ 123,791
Total Reserves+ £ 8,783,073+ £ 7,233,214

*Note: + £ 277,600 revaluation reserve was added to the + £ 1,310,068 for a total growth of + £ 1,588,069 in the 15-month period.

Chief Operating Officer’s Report Summary

“In summary, revenue for 2023 was substantially higher than in 2022, principally driven by hosting the men’s Ashes Test match. Costs were also substantially higher in 2023 primarily due to the increase in Major Match day (MMDs) staging fees paid to the English and Wales Cricket Board (ECB) and the additional 3 months salary costs…”

Positive Highlights from Warwickshire’s Annual Report

  • Men’s Ashes Test
  • Catering and hospitality revenues (driven by the Ashes Test)
  • T20 Blast and Hundred ticket revenue increases
  • Partnership revenue increases

Financial Concerns for Warwickshire County Cricket Club

  • Expenses increase (cost of sale, administrative cost, overhead costs)
  • Inflation
  • Operating EBITDA decreased 6%

*Year ending on 31st December, 2023 (Note: Warwickshire changed their annual report date from 30th September to December so had 15-months to account for in this latest report instead of just the 12).

Source: Warwickshire County Cricket Club 2023 Annual Report (25 Pages), 2023 Summary

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4. Nottinghamshire (£ 700,000 Profit)

  • Division: Division One
  • Home Ground: Trent Bridge

Financial Health Status: Green

Assessment: Although 2022 was not as profitable as 2021, the club retains its massive surplus.

Nottinghamshire’s 2-Year Profit/Loss

Year20222021
Annual Total+ £ 689,623 + £ 1,331,476
Total Reserves+ £ 6,726,973 + £ 6,037,335

Treasurer’s Report Summary

“Although there were some positive and negative movements in comparison tour budget for the year, the end result was closely aligned to our forecasts. he continued generation of surpluses has ensured the club continues to meet all of its debt repayments, minimising any interest charges accrued…”

Positive Highlights from Nottinghamshire’s Annual Report

  • Hosted Test, T20I
  • “Larger-than-forecast number of membership subscriptions
  • Strong catering and retail return on Day 5 of Test match
  • “Successful staging of The Hundred…to a significantly better level than in 2021.”

Financial Concerns for Nottinghamshire County Cricket Club

  • Scheduling concerns (Friday start to Test match caused hospitality and Day 4 financial concerns)
  • 3 home Vitality Blast games in five days
  • Rising electricity prices, rising national minimum wage

*Year ending on 30th September, 2022

Source: Nottinghamshire County Cricket Club Annual Reports and Accounts (68 Pages)

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5. Somerset (£ 400,000 Profit)

  • Division: Division One
  • Home Ground: County Ground (Taunton)

Financial Health Status: Green

Assessment: From the financial statements, Somerset is growing and has ample surplus. However, the annual report suggests that the board of directors are wary of challenges that may impact them in this straining economy.

Somerset’s 2-Year Profit/Loss

Year20222021
Annual Total+ £ 399,328+ £ 149,087
Total Reserves+ £ 10,231,772+ £ 9,833,700

Financial Review Summary

“…the year…represented a return to something resembling a more ‘normal’ year, although operations were negatively impacted by challenges emanating from the legacy of the pandemic…We are well positioned financially to absorb potential economic shocks over the coming months and to take advantage of opportunities that we are proactively seeking out, as we operate in an economic, political and cricketing landscape of rapidly-changing variables and volatility.

Positive Highlights from Somerset’s Annual Report

  • Surplus in these two years meant that ‘debt levels remain manageable’
  • + £ 540,562 resulting from membership subscriptions and match receipts
  • Strong year by the commercial team as it relates to business partners and sponsors

Financial Concerns for Somerset County Cricket Club

  • Inflation, conflict in Europe, rising interest rates
  • Hospitality and catering costs

*Year ending on 31st December, 2022

Source: Somerset County Cricket Club Accounts (21 Pages)

6. Durham (£ 333,000 Profit)

  • Division: Division One
  • Home Ground: Riverside Ground (Chester-le-Street)

Financial Health Status: Green

Assessment: Durham has benefitting from external events to add to their surplus and recent profits.

Durham’s 2-Year Profit/Loss

Year 202320222021
Annual Total+ £ 1,531,190+ £ 333,033 + £ 1,560,754
Total Reserves+ £ 7,888,727 + £ 6,357,537+ £ 6,024,504

*Note: In 2023, £ 285,756 was the profit for 2023, while £ 1,531,190 was the total comprehensive income for 2023 (including £ 1,245,434 was the revaluation of tangible fixed assets)

Chairman’s Review Summary

“With our events business performing strongly and the strong financial management of the last few years continuing, I am delighted to report a profit of £333,0333 in the current financial year as we look to continue strengthening our financial position for the challenges ahead…The key business risks affecting the group are considered to relate to staging of international cricket and the share of money we receive that is generated through the ECB…Failure to stage international cricket beyond this date would have a financial impact on the group through lost turnover.”

BusinessLive Article Summary

According to BusinessLive, who had access to Durham’s 2022 Annual Reports and financial statements, they quoted Chairman Lord Botham as follows:

“Current year turnover has risen to £ 8,048,739 as a result of the Durham Cricket Events business performing strongly over the year.”

*In 2021, the turnover was + £ 7,108,908

Positive Highlights

  • Plans of building a hotel on site
  • Concerts & events provide financial boost
  • Two fixtures two host (in 2026 & 2028)
  • Food and beverage income almost doubled

Potential Concerns

  • Average number of employees decreased by 16 (135 to 119)

*Year ending on 30th September, 2022

Note: I could not initially find Durham’s annual reports, so had to rely on the Business Live article. Special thanks to Reuben Herbert and Graham Smith for sending me Durham’s updated financials and pointing me in the right direction!

*Year ending on 30th September, 2022

Source: Durham Cricket Community Interest Group Annual Report (32 Pages) Durham Events Help the Cricket Club Financially (Business Live)

7. Middlesex (£ 131,000 Profit)

  • Division: Division Two
  • Home Ground: Lord’s

Financial Health Status: Yellow

Assessment: Middlesex have churned out a profit in 2023 after incurring losses for seven consecutive years.

Middlesex’s 3-Year Profit/Loss

Year202320222021
Annual Total+ £ 131,000– £ 340,000 – £ 952,000
Total Reserves+ £ 69,000– £ 62,000 + £ 179,000

2023 Media Release

According to Middlesex CCC media release,

“Middlesex Cricket can today announce that for the financial year ending November 2023, the Club has recorded a profit after tax of £ 131,000...After such an extended period of posting significant losses, to turn the business around a time when the game is under financial pressure is a credit to everyone involved.

This was their first year Middlesex experienced profits after 2016. It was nice to see the Club recover financially even after ECB sanctions, which resulted in reduced payments to the club.

Special thanks to @MassimoCricket for pointing me towards the 2023 Middlesex update!

Middlesex’s 2022 summary is stated below.

Board of Directors’ Report Summary

“After two years of extremely heavy losses caused by the pandemic and the pension scheme deficit, in 2022 we began the slow journey back to financial stability…The net assets of the Club that were less than £ 200K at the start of the year have now been exhausted. What this means is that making a profit in the year ahead is non-negotiable and that our activities and ambitions must be focused on meeting this target.

Positive Highlights from Middlesex’s Annual Report

  • ECB county partnership agreement fees increased
  • Member subscriptions, ground receipts, sponsorships, hospitality/events saw an uptick

Financial Concerns for Middlesex County Cricket Club

  • Wages and salaries cost increased
  • Insurance, social security, pension costs, etc. increased

*Year ending 30 November 2023

Source: Middlesex County Cricket Limited Annual Report 2022, Middlesex Annual Report News

8. Northamptonshire (£ 110,000 Profit)

  • Division: Division Two
  • Home Ground: County Ground

Financial Health Status: Green

Assessment: Not as much of a surplus as some of the bigger clubs, but they have been profitable and are slowly moving return to normal from the financial consequences of the pandemic.

Northamptonshire’s 2-Year Profit/Loss

Year20232022
Annual Total+ £ 110,164– £ 1,474
Total Reserves+ £ 1,361,920+ £ 1,251,716

Directors’ Report Summary

“Post pandemic the club benefitted as the local community looked to enjoy life again. Season ticket sales, gate income, and conference & events revenue not only recovered, but far exceeded pre-pandemic levels.”

Positive Highlights from Northamptonshire’s Annual Report

  • Hosted T20I vs India (Sold Out)

Financial Concerns for Northamptonshire County Cricket Club

  • Increasing energy costs (now investing in solar panels to counter costs)

*Year ending on 31st January, 2023

Source: Northamptonshire County Cricket Club Report (19 Pages)

9. Derbyshire (£ 70,000 Profit)

  • Division: Division Two
  • Home Ground: Incora County Ground

Financial Health Status: Green

Assessment: An excellent two years means Derbyshire has accumulated a bit of surplus for themselves.

Derbyshire’s 2-Year Profit/Loss

Total20232022
Annual Total+ £ 70,000 + £ 138,000
Total Reserves+ £ 3,087,000 + £ 3,017,000

Finance Director Summary

From a financial results point of view, it has been another very good year for the Club, showing a strong income and expenditure performance and an improvement in the long-term balance sheet position…Looking ahead to 2024 and beyond there are a number of challenges we face which will inevitably make future years more difficult financially.”

Positive Highlights from Derbyshire’s Annual Report

  • Sponsorship, Advertising, Hospitality
  • Conference and Events

Financial Concerns for Derbyshire County Cricket Club

  • Inflation
  • “Commercial sponsorship is proving difficult across England….we will have to work hard to ensure we don’t see a drop in this income.”

Source: Derbyshire County Cricket Club 2023 Annual Report and Accounts (24 Pages)

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10. Worcestershire (£ 13,340 Profit)

  • Division: Division One
  • Home Ground: New Road

Financial Health Status: Yellow

Assessment: Although Worcestershire have a decent surplus for five years running, the losses in 2019 and 2022 were far greater than the minimal profits made in 2020, 2021, and 2023 respectively.

Worcestershire’s 5-Year Profit/Loss

Year20232022202120202019
Annual Total+ £ 13,340– £ 203,287+ £ 8,477 + £ 21,635– £ 81,810
Total Reserves+ £ 2,184,117+ £ 2,170,801 + £ 2,374,044+ £ 2,365,567+ £ 2,343,977

*Note: Worcestershire documents 5-year profit/loss on their annual reports rather than 2-year profit/loss as other clubs.

Accounts Commentary Summary

“There has been an uplift in revenue across nearly all sectors of our operations…Financial sustainability remains a paramount concern for the Club, as well as for other venues not hosting Test matches or The Hundred. It is imperative that we generate sufficient profits to ensure debt repayment. A strategic focus for 2024 will be the development of new revenue streams beyond cricket and the expansion of existing operations.”

Positive Highlights from Worcestershire’s Annual Report

  • 15% increase in match ticket sales (both red & white ball games)
  • Catering Department delivers profit of £282,000
  • 2 Music concerts

Financial Concerns for Worcestershire County Cricket Club

  • Membership subscriptions declined 7%
  • Total debt for the club is still at £ 3,448,628

*Year ending on 31st December, 2023

Source: Worcestershire County Cricket Team Limited Annual Report (44 Pages)

11. Kent (£ 6,500 Profit)

  • Division: Division One
  • Home Ground: St. Lawrence Ground

Financial Health Status: Yellow

Assessment: Although Kent is in the profits over the last couple of years and have ample reserves, the chair of the board voiced his concern in the seismic shift that County Cricket is facing and what this uncertainty implies for the club.

Kent’s 2-Year Profit/Loss

Year202320222021
Annual Total– £ 469,448+ £ 6,488 + £ 282,235
Total Reserves+ £ 6,986,301+ £ 7,455,751 + £ 7,449,232

Chair’s Report Summary

“Two of the High Performance Review’s conclusions – structure and schedule – presented an existential threat to both our Club and the essential fabric of the county game…There is no question that Sir Andrew did a high quality piece of of work in the context of his brief. He has come up with many good ideas and the game has gained useful insights from subject experts across sport. However, it was when suggesting a County game structure and schedule that had the sole purpose of improving the England teams, the matters became more vexed…Reducing County Cricket in Kent to five home Championship games, five T20s and potentially one or two 50 over games would have rendered the Club completely irrelevant. Four days of cricket a month throughout the season would have meant that we became invisible.

Positive Highlights from Kent’s Annual Report

  • Development of media and marketing
  • New ‘state-of-the-art ticketing system’
  • Digital match day streaming service grew
  • Stable ticket sales

Financial Concerns for Kent County Cricket Club

  • “Inflation, labour shortages, rising interest rates, and higher energy prices”
  • The Hundred’s negative impact on T20 Vitality Blast crowds (due to change of schedule)

*Year ending on 31st October, 2022

Source: Kent County Cricket Club Limited Annual Report and Financial Statements (56 Pages), Kent Financial Returns 2023

12. Leicestershire (£ 320,000 Loss)

  • Division: Division Two
  • Home Ground: Grace Road

Financial Health Status: Yellow

Assessment: From a five year outlook, we can see that Leicestershire has had 4 years of losses. Since surplus are still in a relatively healthy condition, I went with a ‘Yellow’ financial rating for them.

Leicestershire’s 2-Year Profit/Loss

Year202320222021
Annual Total– £ 440,112– £ 320,341+ £ 482,892
Total Reserves+ £ 2,109,609+ £ 2,549,723 + £ 2,870,064

The past 5-year annual total summary for Leicestershire are as follows:

  • – £ 320,341 (2022), + £ 482,892 (2021), – £ 121,633 (2020), – £ 363,588 (2019), – £ 298,506 (2018)

CEO Report Summary

“Encouragingly the reliance on the central funding dropped from 78% to 65% during the year. However we must continue to reduce this number and become more self-sufficient. This will remain one of our key targets during during the short and medium terms.”

Positive Highlights from Leicestershire Annual Report

  • Facilities and commercial revenue grew
  • Increased hospitality
  • Record numbers for T20 attendance

Financial Concerns for Leicestershire County Cricket Club

  • Cancellation of Paloma Faith concert
  • ‘Un-qualification’ of T20 Quarter Finals
  • Facility maintenance, catering expenses, ‘economic climate’

*Year ended on 30th September, 2023

Source: Leicestershire County Cricket Club Limited Annual Report (30 Pages), Leicestershire News, Leicestershire Returns 2023

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13. Essex (£ 400,000 Loss)

  • Division: Division One
  • Home Ground: County Ground (Chelmsford)

Financial Health Status: Yellow

Assessment: Losses for consecutive years, but still holding onto decent reserves.

Essex’s 2-Year Profit/Loss

Year20222021
Annual Total– £ 378,983 – £ 508,226
Total Reserves+ £ 2,336,488+ £ 2,715,471

Essex’s Notes to the Accounts Summary

Based on current forecasts, total cash outflows exceed total cash inflows in the forecasted period to December 2024. The Club is actively looking to address this loss and cashflow situation to avoid having to sell part of its investment portfolio to cover this shortfall. These matters indicate that a material uncertainty exists that may cast significant doubt over the ability of the Club to continue as a going concern.”

Positive Highlights from Essex’s Annual Report

  • Matches, commercial activity, and membership resulted in the most profit for Essex

Financial Concerns for Essex County Cricket Club

  • Buildings (net – £ 690,254) and cricket operations (net – £ 435,987) resulted in the most net loss in 2022

*Year ending on 31st December, 2022

Source: Essex County Cricket Club Report and Statement of Accounts (24 Pages)

14. Glamor gan (£ 530,000 Loss)

  • Division: Division Two
  • Home Ground: Sophia Gardens

Financial Health Status: Yellow

Assessment: Massive positive reserves but the direction of annual losses are not going in the right direction.

Glamorgan’s 2-Year Profit/Loss

Year20232022
Annual Total– £ 528,294 – £ 39,248
Total Reserves+ £ 9,767,471+ £ 10,295,765

Chair’s Report Summary

“The club is reporting a reasonable financial outcome for the year…2024 will be a challenging year financially and the club has had to reduce its cost base in order to produce a budget with a similar EBITDA to 2023.”

“…It is worth remembering that the game of cricket is undergoing generational change as the rise of Indian cricket and the Indian Premier League has the potential to shift the old order and orthodoxies. While this process will undoubtedly be disruptive and challenging, it will also potentially provide opportunities for individual clubs to reset their financial, strategic, and operational activities onto a more positive and sustainable basis. Rest assured that the Board will work to ensure that Glamorgan is positioned to take advantage of these trends as they develop.”

Positive Highlights from Glamorgan’s Annual Report

  • International stadium
  • International match staging agreement with the ECB till 2031
  • “Stable financial position with minimal debt”
  • Hundred team/host based in Wales

Financial Concerns for Glamorgan County Cricket Club

  • “Adverse macro-economic environment in which we currently operate” (ex: higher interest rates)

*Year ended on 31 December, 2023

Source: Glamorgan Cricket Club Limited Report and Financial Statements (45 Pages)

15. Sussex (£ 736,000 Loss)

  • Division: Division Two
  • Home Ground: County Ground (Hove)

Financial Health Status: Yellow

Assessment: Similar to Glamorgan, two consecutive years of losses (and 2023 was way worse than 2022) is a bit of concern, but overall, they are still holding up well.

Sussex’s 2-Year Profit/Loss

Year20232022
Annual Total*– £ 735,616 – £ 39,418
Total Reserves+ £ 8,461,170+ £ 9,196,873

Note: In the annual report, both Sussex Cricket Limited and Sussex Cricket Foundation’s earnings have been reported. We only state SCL’s profit/loss (since it is based on membership, matches, etc.)

*Even though Sussex had + £ 443,929 operating profit in 2022, the total comprehensive income was – £ 39,418. Similarly in 2023, they had an operating loss (- £ 121,918) but an even larger total comprehensive loss (-£ 735,616)

Treasurer’s Report Summary

“Income decreased 5.6% in FYE 2023 while expenditure increased 2.8%.”

Positive Highlights from Sussex’s Annual Report

  • Commercial income increased

Financial Concerns for Sussex County Cricket Club

  • Membership income decreased
  • Administrative costs increased

*Year ending on 31st October, 2023

Source: Sussex Annual Report & Statement of Accounts (23 Pages)

16. Gloucestershire (£ 1.2 Million Loss)

  • Division: Division Two
  • Home Ground: County Ground (Bristol)

Financial Health Status: Red

Assessment: Two consecutive years of losses (Losses for 2023/2024 almost doubled), but they do not have the luxury of reserves like Sussex & Glamorgan.

Gloucestershire’s 2-Year Profit/Loss

Total20242023
Annual Total– £ 1,190,000 – £ 570,000
Total Reserves+ £ 1,790,000 + £ 2,980,000

*Year ending on 31st January, 2024

Treasurer’s Report Summary

This year has been a challenging year financially for a number of reasons and there is no doubt it is disappointing to be reporting a second consecutive financial deficit…Fundamentally, our finances have been impacted by the fixed nature of the majority of our central funding and the fact the growth of the business has not kept up with the rate of inflation…”

Positive Highlights from Gloucestershire Annual Report

  • Hosting England v Ireland (Men), Hosting Women’s Ashes ODI
  • Second fastest growth of any county in terms of ticket sales (although it still fell short of expectations)
  • Cheltenham Cricket Festival
  • Sponsorship and BS7 Gym

Financial Concerns for Gloucestershire County Cricket Club

  • Inflation
  • Operational Costs
  • Catering
  • “Didn’t sell as many tickets as anticipated”

*Year ending on 31st January, 2024

Source: Gloucestershire County Cricket Limited Financial Statements (30 Pages)

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17. Hampshire (£ 1.3 Million Loss)

  • Division: Division One
  • Home Ground: Rose Bowl

Financial Health Status: Red

Assessment: Things are not looking that great for Hampshire, who are on the verge of becoming one of the first County teams to sell shares to IPL team owners.

Year20222021
Annual Total– £ 1,346,883– £ 1,535,292
Total Reserves + £ 2,440,783+ £ 3,787,666

Group Strategic Report Summary

“The Group will look to consolidate its position as a leading leisure destination and international cricket stadium, although the Directors anticipate that a return to significant levels of profitability is unlikely in 2023 and 2024 given the poor allocation of international cricket in this period.”

Positive Highlights from Hampshire’s Annual Report

  • Hotel and events saw a rise in operating profit
  • Men’s Ashes in 2027, Women’s Ashes in 2031

Financial Concerns for Hampshire County Cricket Club

  • Net debt at 31st December, 2022 is approximately £ 61,423,363.

It seems that Hampshire County Cricket Club is struggling financially. Earlier this year, it was reported that Hampshire are in talks with owners of Delhi Capitals franchise for a majority stake in the club. According to ESPNCricinfo, the club is valued at £100 million, but has £61 million debt.

*Year ending on 31st December, 2022

Sources: Hampshire Sport & Leisure Holdings Limited Financial Statements (41 Pages)

18. Yorkshire (£ 7 Million Loss)

  • Division: Division Two
  • Home Ground: Headingley

Financial Health Status: Red

Assessment: Despite an Ashes season, Yorkshire reported devastating losses in 2023. Financial (and social) overhaul is required at Yorkshire.

Yorkshire’s 2-Year Profit/Loss

Year20232022
Annual Total– £ 7,050,776– £ 2,169,332
Total Reserves – £ 9,106,154 – £ 2,054,488

Chair’s Statement Summary

The 2023 financial statements presented to you are very clear—it was an Ashes year for us, which should have been productive and profitable, but in the event there was a huge trading loss for the Club. The reasons behind this are explained throughout the financial statements but 2023 was definitely Yorkshire’s ANNUS HORRIBILIS!

“The Hundred continues to generate significant income for the Club.”

Positive Highlights from Yorkshire’s Annual Report

  • Hosted Ashes at Headingley (provided £ 18.2 million revenue)
  • Membership numbers increased
  • New investment to come in
  • To host Men’s Test again India in 2025 along with some other T20Is
  • “The conversations around the Hundred are potentially extremely beneficial for us”
  • Vitality Blast sales increased 14%

Financial Concerns for Yorkshire County Cricket Club

  • More staffing in the executive team
  • Cost of running a stadium
  • Rising Interest rates
  • Cricket Disciplinary Committee investigation, legal and professional fees, settlement of employment claims, governance, EDI plans, etc.
  • No major capital investment
  • Restructuring of County Age Group pathway
  • Hosting and Administrative costs for Ashes

“It should be noted, however, that the costs of hosting the match, which include a staging fee payable to the ECB, stewarding and security, and the cost of delivering hospitality packages, were proportionally higher too, totalling £ 3.3 m.”

*Year ending on 31st December, 2023

Source: The Yorkshire County Cricket Club Annual Report and Accounts 2023 (44 Pages)

19. Bonus: Marylebone Cricket Club, The MCC (£ 7.7 Million Profit)

Financial Health Status: Green

Assessment: The MCC are doing really great at the moment on all accounts.

Year20232022
Annual Total+ £ 7,735,000 + £ 2,849,000
Total Reserves+ £ 82,916,000+ £ 75,181,000

MCC Committee Report Summary

“We continue to evaluate the potential to own and manage a Hundred franchise based at Lord’s. It is anticipated that the ECB will put in place a new financial model from the start of the 2025 season and subject to more detail on the structure and economics of the tournament, we believe that owning a Hundred franchise could have a positive impact on all four of the Club’s objectives

“On the commercial side, income surpassed previous records across Retails, Tours of Lord’s, the Indoor Cricket Centre, Marketing and Advertising, Events and Experiences, shown within Catering and Hospitality, whilst performing strongly, was around 10% lower than the record World Cup year of 2019.”

Other Positive Highlights from MCC’s Annual Report

  • Lord’s Test, Women’s T20I, and the Hundred saw 500,000 spectators at Lord’s

Financial Concerns for the MCC

  • High Inflation, rising Employment Costs, rising energy costs
  • T20 Blast attendance below expectation

Source: MCC’s Annual Report (108 Pages)

Final Thoughts

In the past five years, the ECB have made strides to bring financial stability and increase their standards in Test cricket (after success in the white ball game).

Bazball has partially changed how England fans view their Test team, but jury is still out on The Hundred. Will it help County Cricket in the long run?

It is evident with Yorkshire and Hampshire, for example, that things need to change. However, we also found that not all County teams are struggling. In fact, a majority are doing just fine and many of them have bounced back from the days of the pandemic.

With the IPL increasing its influence around the world, international schedule tightening, number of freelance players increasing towards the growing franchise leagues, County cricket and ‘traditional’ old school cricket is definitely under threat.

Will ECB’s new financial model change things up for the better or the worse? Will it help all the Counties or only some?

Only time will tell.

What do you think? Let me know below!

Thanks for reading. Hope you enjoyed reading this and learned something new. Cheers!

****

Financial Glossary

Here are some of the definitions of terms we have used in the analysis above. The definitions are derived from various sources like Investopedia.

  • EBIDTA: Earnings before interest, taxation, depreciation, and amortization
  • Fair Value Reserve: Represents cumulative revalution gains and losses in respect of historic investment properties.
  • Operating Profit: Total earning from its core business functions for a given period. An operating loss occurs when core business income ends up being lower than expenses.
  • Total Comprehensive Income: Includes net income and unrealized income (ex: hedge/derivative financial instruments, transaction gains, etc.)

Also Read

If you liked this in-depth research article, you may also like the following articles:

© Copyright @Nitesh Mathur and Broken Cricket Dreams, LLC 2023. Originally published on 05/12/2024. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Broken Cricket Dreams with appropriate and specific direction to the original content (i.e. linked to the exact post/article).

ICC, I Plead You, It’s Time to Give Scotland & Netherlands Full Membership

Once in a generation, there comes a rare moment where an organization gets an opportunity to take a major decision and change the game.

I reckon now is one such moment for the ICC. Kathryn Bryce’s magic has ensured that the Scotland women’s team qualify for the 2024 T20 World Cup. The men’s team has been on the rise for the past five years.

The women’s victory fueled social media with calls for Full Membership to Scotland. That made me wonder—What exactly are all the criteria to become a full member?

I read the 5-page document, ICC Membership Criteria: Application Process, Re-Classification and Retention of Membership (approved 22 June 2017, amended 13 July 2023) so you don’t have to. Here is the breakdown.

Full Member Criteria: What Do The Official ICC Documents Say?

According to ICC’s website, Clause 2.1 outlines 22 conditions that need to be satisfied to even apply for full membership.

You read that correctly, twenty-two. Here are some of the major highlights.

  1. Have appropriate structure for both men’s and women’s cricket
  2. Generate a minimum of 10% of their own total revenues for four years prior to applying
  3. A debt to equity ratio of not more than 2:1 in the past four years
  4. Features on the Men’s ODI Ranking table
  5. Should have qualified for 3 Men’s ODI & T20 WC in past eight years
  6. Have defeated at least one Full Member in the Top 10 in a Men’s Cricket World Cup, World Cup Qualifier, or the T20 World Cup
  7. Have won at least four times against two or more Full Members in bilaterals in the past 8 years
  8. Have participated in at least one Women’s WC (ODI or T20) in the past 4 years or feature in the women’s ODI ranking table
  9. Have participated in two editions of the U-19 WC in the past 8 years
  10. Have domestic structure (Men’s 50-over and 20-over competitions with List A status and at least 3 teams)
  11. Have ‘satisfactory’ women’s pathway structures and junior men’s pathway structures in place
  12. Have ‘sustained and sufficient pool of players’ in senior men’s, women’s, and U-19 men’s teams
  13. Have ‘strong domestic participation levels’ and ‘evidence of significant growth’ in the past 8 years
  14. Have 2 ICC accredited venues
  15. Has talent/coaching/umpire/curator development programs over the past 4 years

Once they fulfill all the conditions, boards can write to the ICC with an ‘intent to apply’ and complete the written application after which there will be a preliminary assessment, reviews, and even a possible inspection.

How Did Afghanistan Qualify?

I know what you must be wondering. How in the world did Afghanistan qualify (and not lose their status) after the Taliban takeover, where higher education was banned for girls?

At the very end of the document, the ICC conveniently slips in Clause 3.5, which states

“In its sole discretion, and where the Applicant is able to demonstrate exceptional circumstances justifying its inability to satisfy one or more of the applicable Membership criteria, the Membership Committee may recommend the acceptance of the application notwithstanding the fact that the Applicant does not satisfy all of the relevant Membership criteria.”

Full Membership No Longer Equals Test Status

Growing up, I always had the impression that Full Membership = Test Status, but the word ‘Test’ does not even appear once on the ICC Membership Criteria document.

The ICC differentiates Full Members vs Associate members as follows:

Full Members are the governing bodies for cricket of a country recognised by the ICC, or nations associated for cricket purposes, or a geographical area, from which representative teams are qualified to play official Test matches (12 Members).”

Associate Members are the governing bodies for cricket of a country recognised by the ICC, or countries associated for cricket purposes, or a geographical area, which does not qualify as a Full Member, but where cricket is firmly established and organised (94 Members).”

Hence, Full Membership means there is a pathway to Test status, but nowhere does it claim that playing Test cricket is a necessity for Full Members.

Should Newer Full Members Even Play Test Cricket?

Okay, a slight digression. Should newer full members even play Test cricket?

As Ireland have found out, it is not cheap to host Test cricket. In fact, it causes more financial strain to the national boards. Ireland won their first Test seven years after their Test status, but scheduling Test matches? Well, that’s a whole another matter.

Cricket Ireland famously cancelled a Test against Bangladesh and replaced it with a T20 series because they would lose a million pounds for that one Test.

The sad truth is cricket boards outside the Big 3 lose money while hosting a Test match (READ here for the Full In-Depth Financial Breakdown for Hosting a Test).

I am all for a ‘Test fund’ that was proposed a decade ago, innovations in Test cricket, or a two-tiered World Test Championship with relegation & promotion, but forcing a cricket board to play Test cricket can bring down the financial situation of the entire sport in the country.

County Cricket Rules Need to Change

Apart from finances, Ireland’s elevation to Test status did more harm than good.

Irish cricketers used to be considered domestic players and therefore, the golden generation – Boyd Rankin, Paul Stirling, Tim Murtagh, etc. played as domestic cricketers in the County circuit. However, post 2017, they have had to sign up as overseas players which County teams may be reluctant to do.

If Scotland does accept to play Test cricket, adjustments would need to be made in County Cricket rules.

Show Me the Money

If not Test cricket, what is Full Membership all about?

Let’s be real. It’s all about the money.

In the proposed financial model for 2024-2027, Afghanistan and Ireland are projected to receive 2.80% and 3.18% from the ICC respectively.

GroupProjected EarningPercentage of the Total
Top 9 Teams (non-India)$249,350,00041.55%
India$231,000,00038.5%
Associate Nations$67,160,00011.19%
Afghanistan, Ireland, Zimbabwe$52,500,0008.45%
  • *Top 8 Teams (non-India) include England ($41.33 million), Australia ($37.53 million), Pakistan ($34.51 million), New Zealand ($28.38 million), West Indies ($27.50 million), Sri Lanka ($27.12 million), South Africa ($26.24 million), and Bangladesh ($26.74 million).
  • Ireland ($17.64 million), Zimbabwe ($17.64 million), and Afghanistan ($16.82 million) relatively earn less but a larger chunk than the Associate nations.
  • Currently $67.16 million is divided among 94 Associate Members. On average, each Associate member gets about $714,468, which is substantially less than what Ireland and Afghanistan now receive.

If a cricket board receives Full Membership, then they are ensured a small piece of the annual funding pie. What’s more? They will get regular FTP matches against the top teams helping them improve further. ICC already earns enough money from World Cups that they have surplus to distribute to their members. Adding two more members and changing the redistribution of wealth will not change much.

Should Scotland and Netherlands Receive Full Member Status?

Let’s get back to the heart of the topic, should countries like Scotland and Netherlands receive Full Member Status?

In 2000, Bangladesh were gifted Full Membership and Test status after winning the 1997 ICC Trophy, defeated Kenya in 1998, and defeating Scotland & Pakistan in the 1999 ODI World Cup. Meanwhile, Bangladesh’s Women’s Team only made their international debut in 2007 and gained ODI status in 2011 (qualified for the 2014 T20 WC as hosts, qualified for the 2022 ODI WC), much after they were elevated to Full Status.

I argue that Scotland and Netherlands have already done much more than Bangladesh ever did prior being elevated to Full Member Status.

Scotland in ICC Tournaments

Let’s look at Scotland. The men’s team has already defeated the likes of England & West Indies, featured in multiple World Cups, have a growing women’s team, and have a couple of solid venues.

Timeline

Here is a quick timeline of their recent past. Scotland have perhaps suffered more than any other team with the curtailed 10-team World Cup format, narrowly losing out on two consecutive ODI World Cups despite playing extremely good cricket.

  • 1992: Becomes an independent cricket Associate Member
  • 1997: Ends 3rd in the ICC Trophy and qualifies for the 1999 ODI World Cup
  • 2004: Wins the ICC Intercontinental Cup
  • 2012: Defeats Bangladesh in a T20 match
  • 2017: Defeats Zimbabwe in an ODI match
  • 2018: Defeat Afghanistan, UAE, Nepal, Hong Kong, (and tied against Zimbabwe), *lost against West Indies due to DLS/rain
  • 2018: Defeats England by 6 runs after scoring 371
  • 2022: Defeats West Indies in the T20 World Cup
  • 2022: Scotland women team get ODI status
  • 2023: Defeat West Indies, Zimbabwe, Ireland, UAE, Oman but fall one spot short of the 10-team ODI World Cup
  • 2024: Scotland women qualify for the T20 World Cup

World Cup Records

  • ODI WC: Qualified for the 1999 (0/5), 2007 (0/3), 2015 (0/6)
  • T20 WC: Qualified for 2007 (0/2, 1 NR), 2009 (0/2), 2016 (1/3), 2021 (3/8), 2022 (1/3)

*Note: Scotland have featured in 4/5 U-19 World Cups in the last 8 years.

*NR – No Result

Netherlands in ICC Tournaments

Timeline

Netherlands have had a dream couple of years and even qualified for the 2023 ODI World Cup. They have defeated South Africa, England, and West Indies, and their women’s team even reached the quarterfinals in 1997.

  • 1988: Women’s team qualify for the 1988 ODI World Cup
  • 1994: Men’s team ends 3rd in the ICC Trophy and qualifies for the 1996 ODI World Cup
  • 1997: Women’s team qualify for the quarterfinal
  • 2001: Wins the ICC Trophy
  • 2003: Defeats Namibia in the 2003 ODI World Cup
  • 2006: Get ODI status
  • 2007: Women play a Test match against South Africa
  • 2009: Defeats England in the T20 World Cup
  • 2010: Defeats Bangladesh in the ODI World Cup
  • 2014: Chased 193 in 13.5 overs against Ireland to qualify for the Super 10s
  • 2014: Gained T20 Status
  • 2014: Lose ODI status
  • 2018: Regain ODI Status
  • 2020-23: Played 24 ODIs in the ODI Super League
  • 2022: Defeats South Africa in the T20 WC
  • 2023: Defeats West Indies (in Super Over after scoring 374), Nepal, USA, Oman, Scotland to qualify for the WC
  • 2023: Defeats South Africa in the ODI WC

World Cup

  • WODI WC: 1988 (0/8), 1993 (1/7), 1997 (1/5, 1 NR), 2000 (0/7)
  • MODI WC: 1996 (0/5), 2003 (1/6), 2007 (1/3), 2011 (0/6), 2023 (2/9)
  • MT20 WC: 2009 (1/2), 2014 (3/7), 2016 (1/3), 2021 (0/3), 2022 (4/8)

*Netherlands has not participated in U-19 World Cups in the last 8 years. They only qualified in the 2000 U-19 World Cup.

Where Do We Go From Here?

The Dutch no longer use the word ‘Associate’ among themselves. It’s time the rest of the World doesn’t either.

In my eyes, the ICC should have awarded Full Member Status to Scotland the moment Safyaan Sharif bowled that toe crushing yorker against England in 2018. Scoring 374 against the near future world champions was a sign of Scotland’s growth in men’s cricket.

It’s clear that these two countries have done more than Bangladesh and Afghanistan for over three decades now (and are doing better than Zimbabwe has been in recent years).

Sure, there may be a checkbox here or there that these two cricket boards may not have hit, but they have done almost everything right.

Dear ICC, it is my honest request. I plead with you to give Scotland and Netherlands Full Membership.

If that means, use Clause 3.5, wave some hands, and give out some funds, then why not?

If not now, when? Take the chance.

It’s time for the European Cricket Dream. Let’s make it happen.

If you like these kinds of in-depth deep dives on finances and administration of cricket, check out the following:

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