Lancashire: Old Trafford club announce £1.22m profit for 2016

Lancashire have spent £60m over a nine-year period to improve facilties

Lancashire have announced they made £1.22m during 2016 - a £60% increase in profit.

During the year they hosted an England Test and a T20 game against Pakistan and sold out Old Trafford for their T20 Roses match against Yorkshire.

The Red Rose county also used to pitch to host a number of music concerts and saw record profits for hosted events.

After a battle with relegation, they maintained their Division One status in the County Championship last season.

"The club continues to carefully manoeuvre its way through the myriad of challenges provided by the ground re-development programme and the competitive trading environment," said finance director Lee Morgan.

Lancashire have also announced that chairman Michael Cairns will retire from the position he has held since 2008.