Leicestershire chief executive Mike Siddall has confirmed the club have made financial losses for the second successive year.
In the year to September 2012, the club recorded a loss of more than £250,000, having announced a
profit of nearly £300,000 12 months earlier.
And Siddall told
BBC Radio Leicester
they will announce more losses soon.
"We are about to announce a five-figure loss shortly, in the next two or three weeks, for the year to September 2013."
While Siddall hopes that changes to the County Championship schedule for the new season - which include beginning the majority of matches on a Sunday - will
trigger a financial boost,
he admits the state of their home ground does not help their situation.
plans for an arena to be built at Grace Road,
which would be a
permanent home for the city's basketball team,
went on public display
But the plans look likely to fall through following a review of other sites.
"We have a relatively old ground which needs a lot of money spending on it in repairs and renovations," Siddall said.
"Players' salaries go up all the time and we need to invest in the team. I know it sounds a bit simple, but our costs exceed our income."