Glamorgan announce pre-tax profit of £380,420 for 2021

With the help of the ECB and Welsh government, Glamorgan navigated Wales' tighter Covid restrictions in 2021 and have emerged in a "relatively positive" financial position

Glamorgan have emerged from another challenging year with their finances intact, boasting a pre-tax profit of £380,420 for 2021.

This compares to a loss of £279,376 during 2020 while the club’s turnover of £8.09m shows a promising return to pre-Covid levels. In 2019, their turnover was £8.27m.

The largest chunk of the club’s income came from the ECB, who paid the club nearly £3.8m, while they also received £1m from the Welsh government as part of their Spectator Sports Survival Fund.

A further £710,000 from the SSSF has since been awarded to the club which will appear in next year’s financial statement.

Despite being forced to play behind closed doors until the beginning of June and seeing Sophia Gardens’ capacity capped below 3,000 for much of the season, Glamorgan received £255,321 in membership fees and a further £725,714 in sponsorship and commercial income.

^{Glamorgan hosted Welsh Fire at Sophia Gardens in 2021, albeit in front of restricted crowds [Harry Trump/Getty Images]}

However, their corporate box revenue plummeted to £75,036 due to closures – it is usually nearer £200,000 – while income from conferencing and hospitality also took a hit.

Glamorgan brought in £1.047m from The Hundred and international fixtures, although gate revenue, as with the rest of the season, was significantly down.

The club’s operational and ground costs for 2021 (excluding major matches) was £1.25m while their total cricket investment came to £2.6m.

Commenting on 2021, chief executive, Hugh Morris, said: "2021 was another difficult year for the club and the wider game as we continued to battle against the Covid-19 pandemic. However, it was also a memorable one for Glamorgan as we celebrated our 100th year as a first-class county and won our first trophy in 17 years.

"Covid-19 had a significant impact on 2021 which was felt by everyone associated with the club. We were required to enforce several restrictions and protocols at the stadium which meant reduced seating and allocated seating.

"I realise this was frustrating for members, but I would like to thank you all for your understanding. I would also like to show my gratitude to the Welsh Government for their financial support last year. The pandemic hugely impacted our revenue streams, and their financial support package was a welcome contribution towards the losses we incurred and helped secure our immediate future.

"The financial outlook for 2022 remains relatively positive but the club remains wary of the impact of Covid and in particular any new variants which may emerge."