Gloucestershire made a record profit of £2.9million last year after leasing out part of their ground.
County Championship Division Two side Gloucestershire have had some good news as they prepare to start their 2013 campaign.
The club has announced a record profit of £2.9million for the year ending on January 31 2013, after the county leased out part of their ground Nevil Road.
The lease of their venue to Linden Holmes accounted for £2.8million of that sum but they also reported a trading profit of £108,000 – their best turnover since 2007.
“This has been an exceptional year for the club, with the start of our long awaited development and the financial impact this has had,” Gloucestershire chairman Rex Body said on BBC Sport.
Like most county sides last season Gloucestershire’s gate receipts were affected by the bad weather and they saw a reduction of £57,000 from 2011, as well as membership fees falling by £30,000.
With turnover from tickets being so poor it seems it was a good time for the county to lease out Nevil Road.
After proposals of the club having to move from Bristol and their title as an international host in jeopardy, Gloucestershire then secured permission to redevelop the ground and their international status was maintained.
Nevil Road will now hold a one-day international for England in 2014 and work on a new pavilion at the site will be completed in July this year.
After a difficult financial period for the club they can finally be positive with this record profit margin and can now look forward to international cricket being played at Bristol once more.