Glamorgan's annual loss and debt reduced in 2024

Glamorgan Cricket have reported an annual operating loss of £286,192 for 2024 - a slight improvement on the previous year.

The club say the finances are in line with expectations for what was expected to be a challenging year.

The club announced a profit before interest, tax and depreciation of £272,000

It is hoped that figure will rise to around a million pounds for 2025, thanks to new deals in place with the England and Wales Cricket Board.

The club is also set to benefit from major income streams as a result of the sale of half of the Welsh Fire franchise, based at Sophia Gardens.

Sanjay Govil, an Indian-American businessman who controls the Washington Freedom franchise in the USA, paid around £40 million for a 50% stake in Welsh Fire.

The ECB sold 49% stakes in all eight franchises, with the income set to be distributed across the professional and amateur games, while Glamorgan sold an extra 1% directly.

CEO Dan Cherry said: "2024, whilst challenging in many respects, has been a year when we've been able to start establishing much firmer foundations for the future."

Glamorgan were hit by the unexpected need to replace a damaged floodlight at a cost of £94,000 while the England-Pakistan T20 international was washed out, but revenues were more than their budget projections and the county won the One-Day Cup for the second time in four years.

The annual report to members contains only passing reference to the shock December departure of coach Grant Bradburn after just one season in charge, amid allegations of inappropriate behaviour which he denied in a statement to BBC Sport Wales.

Chair Mark Rhydderch-Roberts describes the situation as "unfortunate" but wishes Bradburn well for the future.

Cherry commented: "Despite success on the field, it is vitally important that the club protects its environment and puts cultures and values first."

The cricket regulator has yet to publish a report on its investigations.

Cherry's report highlights a 10-year target to be among the top eight professional sides in England and Wales.

Glamorgan will run a semi-professional women's side for the first time in 2025, with the aim of turning fully professional in Tier One of the female game in 2027.

County membership went up by 7% in 2024 to reverse a previous decline.

Overall debt was reduced by almost £700,000 to £1.84 million pounds with a further reduction planned.

A debt of £1.32 million to Cardiff council is scheduled for repayment in January 2026.