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Worcestershire CCC reports annual loss
Worcestershire County Cricket Club (WCCC) has reported a pre-tax loss of more than £118,000 for the year ending 30 September 2009, compared with a profit of nearly £360,000 during the previous year.
The recession, poor fixture scheduling and disappointing team performance has been blamed for the results, which were affected by a decline in commercial and catering income by 31 per cent and 25 per cent respectively. WCCC chief executive Mark Newton said: "While the recession will continue to have an impact commercially, we have addressed the fixture schedule which will be a great deal more spectator friendly in 2010.
"We invested heavily in the team last year but unfortunately performances failed to meet expectations. A number of senior players have since moved on and our cricket budget has been reduced by around £300,000 this year."