Lancashire upbeat despite £1.5m loss

LANCASHIRE Cricket Club has announced an operating loss of more than £1.5million for 2012 — but expects the financial position to improve this season.

The figure at least heads in the right direction: the 2011 accounts showed a record loss of £3.96m.

Lancashire have been hit by the cost of the long–term redevelopment at Old Trafford and the resultant reduction in Test cricket there.

Major works are due to end next month; Lancashire’s reward, from August 1–5, is its first Ashes Test since 2005.