{"id":177092,"date":"2025-10-03T08:59:15","date_gmt":"2025-10-03T08:59:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/177092\/"},"modified":"2025-10-03T08:59:15","modified_gmt":"2025-10-03T08:59:15","slug":"gloucestershire-cricket-debt-free-in-seminal-moment-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/177092\/","title":{"rendered":"Gloucestershire Cricket ‘debt-free’ in ‘seminal moment’"},"content":{"rendered":"

Gloucestershire Cricket says the club is now debt-free after receiving money from the sale of teams in The Hundred from the England and Wales Cricket Board.<\/p>\n

All 18 first-class county teams were due more than \u00a3400,000<\/a> from the sale of the franchises, which raised around \u00a3520m to be split across the game.<\/p>\n

A Gloucestershire statement said the proceeds had enabled them to “clear all borrowings, other than debentures, resetting its finances and providing a clean slate for the future”.<\/p>\n

“This is a seminal moment for the club, bringing to an end more than 20 years of carrying borrowings,” said Nick Bryan, Gloucestershire treasurer. <\/p>\n

“Savings on interest will now be reinvested into cricket operations and improving the club’s commercial performance.”<\/p>\n

Chair Peter Matthews previously said the money would help the club become a “very financially sustainable, profitable business”.<\/p>\n

“It saves us a ton of money on interest payments, which can now go into other things that are probably better than paying banks interest,” he told BBC Radio Gloucestershire.<\/p>\n

“The business this year, like it was last year, will be trading profitably. The problem last year was you traded profitably and lost money on interest payments.”<\/p>\n","protected":false},"excerpt":{"rendered":"Gloucestershire Cricket says the club is now debt-free after receiving money from the sale of teams in The…\n","protected":false},"author":2,"featured_media":170633,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[1721,101,56,54,55],"class_list":{"0":"post-177092","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cricket","8":"tag-cricket","9":"tag-sports","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/177092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=177092"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/177092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/170633"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=177092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=177092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=177092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}