General News | 22nd February 2008
Notts announce another profit
Nottinghamshire CCC will announce to members at Monday’s Annual Meeting that they have made a profit for the seventh successive year.
And members will also be told that the £8.2 million project to build the new Bridgford Road Stand, and other ground improvements, will be completed on time in late April - and remains within budget.
The pre-tax profit of £137,831 keeps Notts well placed to meet the challenges ahead but Finance Chairman Richard Tennant warned: “We cannot afford to stand still in what is a very dynamic competitive environment.
“Since last year’s AGM, not only have Cardiff completed their re-development but the Rose Bowl, The Oval, Headingley and Old Trafford have all announced their own very ambitious plans.
“We are fortunate to have a Staging Agreement with the ECB which guarantees international cricket at Trent Bridge until the end of the 2011 season.
“But 2012 will be on us before we know it and we must ensure that our business is in the best possible financial shape as we are forced to bid with other venues for Major Matches – without any Staging Agreement certainty.”
Barry Pailing will announce at Monday’s meeting at County Hall that he will not be continuing as Club Chairman after four years in the job, but he will remain on the General Committee for a further year.