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Gloucestershire Cricket publishes financial accounts for year end 31 January 2025

14 April 2025

Gloucestershire County Cricket Club has today published its financial accounts for the financial year ending 31 January 2025, announcing a trading turnaround of over £1 million.

The accounts show strong signs of financial recovery and improved operational maturity, with profit levels of around £200k at EBITDA level (earnings before interest, taxes, depreciation, and amortisation) when excluding exceptional reorganisation costs.

Overall, the Club has recorded a third successive trading deficit with a £404k loss, albeit a marked improvement from the £1.5m loss in 2023/24.

The Club’s income rose by £808k to £8.2m, driven by the England v Australia ODI, record sponsorship and ticketing revenues, an in-house catering and hospitality revenue growth of over £145k, and BS7 Gym income rising by £131k.

GCCC Financial Statement 24/25

The improving financial backdrop comes at a time when the Club won their first major trophy since 2015, securing a first Vitality Blast T20 win at Edgbaston in September.

Chair Peter Matthews emphasises the importance of this trophy at the beginning of his report, before sharing his perspective on the Club’s financial performance:

“The financial challenges evident from last year’s accounts led to some significant scrutiny from both the banks and the ECB and we are grateful to both for their support during what was a very difficult time for the Club.

“Although it is another overall loss, it is pleasing to see a positive EBITDA, reflecting the fact that the Club’s core activities (before exceptional items, interest charges and depreciation) are profitable.

“The Club’s commercial activities are starting to bear fruit, albeit with a long way to go, but it was pleasing to see record sponsorship income and for us to be one of only two teams to increase Vitality Blast home ticket sales in what was at times a cold and wet summer, with competing sporting events such as the men’s football Euros and The Olympics.

“This remains however a major turnaround and the work is at an early stage. We are encouraged by progress but we are a fair way off being where we would like the Club to be off the field.”

On the Club’s financial turnaround, Treasurer Nick Bryan said:

“As we look forward to a new age of stronger finances for county cricket clubs, thanks to the funds raised from sale of The Hundred teams, it is important that lessons are learnt from the recent past.

“The accounts are a reminder of this recent past and what county cricket could experience again if windfall monies are spent unwisely, commercial opportunities not capitalised on and management controls are not fit for the modern world.

“Some of the year-on-year progress is down to improved fortune, most notably the more favourable international allocation. Of more significance to stakeholders has been the positive effect on profitability arising from management action during the year.

"New internal controls have been implemented, including increased responsibility and discipline around budgets. These are not one-off projects that are now complete; they are ongoing and will help to build operational effectiveness and financial performance.”

With careful management, strategic reinvestment and continued discipline, Gloucestershire CCC is well-positioned for a stronger, more sustainable future.

GCCC Financial Statement 24/25

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