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This, I recall he wasn’t too sympathetic when we were demoted. Whilst the majority of journalists were writing in support of Durham, he, at the very best, sat on the fence.He normally doesn't have a good word to say about durham so will be interesting to read, always seems ready with a dig or two
It is, but if they deem T20 and ODI’s more lucrative then that would make sense.Sounds like the club aren't going to pursue Test cricket, that's a real shame.
Thanks for sharing, fantastic article even if we knew most of it anyway from the article in The Cricketer a fortnight ago. It’s a pity too that Athers hasn’t quite got his geography right with either the Amazon factory or the ‘red wall’, but it was a minor distraction to be fair.Full content
From the opening two rounds of the County Championship, there are signs of a good news story emerging. Having had the better of a draw against Nottinghamshire, Durham then outplayed the champions Essex at Chelmsford for long periods before stumbling at the final hurdle. It is very early days, of course, but a sense of renewal and optimism permeates England’s most northern county again.
It is almost five years since one of the most swingeing punishments in any sport was handed down to Durham. In return for a financial bailout at the end of the 2016 season, the club were relegated, docked 48 points in the following year’s championship, plus other penalties, and told that they had to lower their salary cap by 40 per cent for three years, which led to the loss of a raft of quality players. It was a blow from which some clubs might not have recovered.
Character, spirit and resilience are abundant qualities in the North East, though, and are in ready supply in the chairman of the club, Sir Ian Botham. It was Botham who, over a few bottles of pinot noir in Sydney, persuaded Tim Bostock to give up a banking career in Australia and return home to take up the chief executive’s position three years ago, a move Bostock has not regretted, despite the challenges.
“He’s a very persuasive man, isn’t he?” Bostock, the 59-year-old former Cheshire batsman, says of his chairman. “I was a bit taken aback by the financial situation when I got here but he’s very loyal and will walk over broken glass for you if you get his confidence and trust and he’s been unbelievably brilliant to work with.”
The first job was to try to repair relations between Durham and the ECB, which were clearly difficult. “There was undoubtedly some lingering resentment and anger among our supporters and staff,” he says. “I felt we had no choice but to try to rebuild that relationship because we were going to need their support through some sticky periods. That was critical.”
“And while there are some diehards here who won’t forget, I’d like to think that the majority have seen that the ECB want us to succeed and that, strategically, the North East is very important to them. The ECB have been incredibly supportive to us in the last two years in all kinds of ways.”
One of those ways, for example, was allowing Durham to repay personal loans guaranteed by directors (money, no doubt, these directors did not expect to see again) before the debt owed to the ECB, as the club worked to repay their dues and put themselves on sounder financial footing. The last published accounts from the 2019 season showed a profit of £193,000 set against a loss the previous year of £1.1 million, a positive turn of events that has continued under Covid.
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Bostock returned home from Australia to become Durham’s chief executive
DURHAM CCC/TWITTER
This year’s accounts have not yet been published but will show a profit of about £350,000 with debt reduced by a further £1.3 million, down to about £5.2 million. A chunk of it is owed to Durham county council, which has been supportive and flexible in Covid, and that debt is being paid back at a rate of about £50,000 a month and should be cleared by 2024, two years ahead of schedule.
The next stage of the plan is to try to make the club more financially sustainable and less reliant on ECB revenues, which account for about 60 to 70 per cent of the club’s income. Bostock wants to reduce that to 40 per cent. To that end, a 130-room hotel project is central, with the council again the driving force behind a £22 million development, which has been in gestation since 2008 and delayed further by Covid but is expected to be signed off soon.
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One of the benefits of Covid — if it can be termed that way — is to have redefined the project. A 500-seat conference centre was originally planned to go alongside the hotel, but is now considered an unwise investment. Instead, funds will be spent on redesigning the pavilion and corporate hospitality spaces, providing conference facilities there as well as remote, flexible office space to local businesses.
Had Durham begun this project pre-Covid it might have finished them off as a business, as they would have been hammered — as Surrey, Lancashire, Warwickshire and others have been — with high fixed costs, a much bigger payroll to service and no revenues. Now, a post-Covid environment means the government are keen to invest in its “red wall” constituencies, and there is a hope that the club can ride the wave and contribute to a renaissance in the area, alongside the Teesside Freeport and Amazon, which has invested in nearby Sunderland.
Like all clubs with big stadiums, Durham have no choice but to try to diversify away from cricket, given the high costs of running a stadium and the limited number of days of international cricket. The Emirates Riverside is no longer a Test venue, which Bostock is comfortable with. Durham have positioned themselves as a one-day venue and will try to sell out the 50-over and/or T20 international cricket they will be granted each year, in the high-summer months.
Having been encouraged by the ECB to become an international venue, Durham then found themselves having to bid for lossmaking Tests — one of the reasons for their financial plight in the first place. That bidding process no longer exists. Positioning themselves as a limited-overs venue and trying to sell out some choice fixtures seems a route to a more sustainable future, if non-cricketing revenues can be increased too.
The strapline that everyone at the club is working towards is project “2024”, a five-year plan instigated in 2019. The first “2” stands for a planned reinvestment of £2 million into cricket in the community; “0” stands for zero debt at the end of the period; the second “2” is for two trophies to be won; and the “4” stands for four England players to be produced, beyond the present stars, Mark Wood and Ben Stokes.
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Stokes and Wood’s status as elite cricketers has inspired youngsters in the North East, Bostock believes
MI NEWS AND SPORT/ALAMY LIVE NEWS
“It’s a buzzword but it catches two things in one,” Bostock says. “It makes it very clear that we’ve got to get ourselves in a strong, sustainable financial position and we must strive to get ourselves to being back to a top team again. And part of our raison d’être here is to produce really good England players, which we’ve managed to do
Quite suprised by that article by Atherton for as you correctly say he has always found it difficult to say anything positive about us. Even when we were closing in on victory against Hampshire at Lords in 2007 all he seemed to concentrate on was reminiscing about how easy it was to beat us in the early days.He normally doesn't have a good word to say about durham so will be interesting to read, always seems ready with a dig or two
"Having been encouraged by the ECB to become an international venue, Durham then found themselves having to bid for lossmaking Tests — one of the reasons for their financial plight in the first place."
Sums up why many of us still can't trust the ECB. We'd have been fine with a smaller ground like New Road or Chelmsford but they had to have another international ground so they could bid for major tournaments. We weren't just encouraged, we had to build it or we weren't getting in the CC. They should write off any debt incurred in the test bidding process.
Good article, thanks for posting.
"Having been encouraged by the ECB to become an international venue, Durham then found themselves having to bid for lossmaking Tests — one of the reasons for their financial plight in the first place."
Sums up why many of us still can't trust the ECB. We'd have been fine with a smaller ground like New Road or Chelmsford but they had to have another international ground so they could bid for major tournaments. We weren't just encouraged, we had to build it or we weren't getting in the CC. They should write off any debt incurred in the test bidding process.
Good article, thanks for posting.
I’ll never trust them again.6m debt, we'll have paid more than that in bidding fees to host the tests they insisted we held, and then they scrap the 1m fee just after shafting us.
Amazon investment in Sunderland???
Its a new one at Follingsby Park which is in Gateshead?Do they have a distribution depot?
Its a new one at Follingsby Park which is in Gateshead?
I never knew that and I grew up in WardleyIts a new one at Follingsby Park which is in Gateshead?
Im not sure either to be honest. Papers saying GatesheadI never knew that and I grew up in WardleyI always thought the A194 that side of the roundabout was the boundary between Gateshead and Washington
The address on Google maps is Gateshead and it has an NE postcode rather than a DH like the rest of WashingtonIm not sure either to be honest. Papers saying GatesheadYou must be logged on to see external links![]()
I guess Gateshead/Sunderland is better than Gateshead/Newcastle like they normally doThe address on Google maps is Gateshead and it has an NE postcode rather than a DH like the rest of Washington