Money in Edgbaston Rain during Ashes
Jan 25 2010 - 19:30:56
The profit completes a turnaround in their financial fortunes, which followed a record loss of £895,000 in 2007 in when they did not stage a Test. Though the third day of the Ashes Test was washed out and the opening day was rain-affected, they gained financially from the match going into day five which they had not budgeted for. They also staged the Twenty20 Cup finals day for a third time. Warwickshire paid out £1.8 million in fees for their new £30 million pavilion at Edgbaston, on which demolition work has already begun even though local residents are still seeking permission to take their appeal against Birmingham City Council's decision to grant planning approval to the High Court. Their record profit contrasts with Nottinghamshire, who missed out on a Test in 2009 and made a £148,426 loss. Notts had budgeted for a seven-figure deficit but were able to cut their losses by hosting matches in the ICC World Twenty20.
