sport news Yorkshire report HUGE shocking loss of £7.1 million despite Headingley hosting ... trends now
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Yorkshire have reported a staggering £7.1million annual loss despite hosting a lucrative Ashes Test match last year.
In his chairman’s statement, within the club’s annual accounts released yesterday (on Friday), Colin Graves said while 2023 ‘should have been productive and profitable…in the event there was a huge trading loss,’ and branded it ‘Yorkshire’s ANNUS HORRIBILIS!’
In the finance report, Paul Cooke, Yorkshire’s acting finance director, wrote that a number of factors ‘including exceptional items and a writedown in the value of the stadium, have contributed to an overall loss of £7.1m for the year.’
That figure incorporates a trading deficit of £2.8million plus a depreciation of £4.3million in the club’s assets - including the valuation of its Headingley home and a forecast of future cashflows, including international matches allocated
