Warwickshire: Bears turn round loss to record small profit
Warwickshire have announced a small profit of £4,500 for the 2013 season.
This compares to the loss of £668,000 they suffered in their County Championship-winning year in 2012.
What is EBITDA?
- EBITDA - Earnings before interest, tax, depreciation and amortisation (the reduction of the value of an asset)
Chief executive Colin Povey said: "The Champions Trophy matches made a lasting impression on all major stakeholders."
He added: "The club has made good progress on many of the objectives set within our strategic plan.
"The absence of Test cricket once again in 2014 represents a further challenge, before the return of an Ashes Test to Edgbaston in 2015.
- Edgbaston's bad luck with the weather - the England-Australia ODI was rained off after just 15 overs - followed their nightmare 2012.
- They lost three entire days of the Test against the West Indies, the England-Australia ODI and the floodlit Bears-Pears Twenty20 game.
"However, hosting India on two occasions and the changes to the domestic Twenty20 cricket schedule, featuring more Friday night games, are great opportunities that we are looking to make the most of in 2014."
Warwickshire's turnover increased by £222,000 to £11.74m, while the county's primary profitability measure, EBITDA, increased by 90% from £755,000 to £1.4m.
The Bears begin the 2014 season on Monday, 7 April with a three-day trip to The Parks to play Oxford MCCU.
Their County Championship campaign begins the following weekend with a home game against Sussex, starting on Easter Sunday (14 April).