Long-serving Finance Director Lee Morgan to step down
Morgan will step down from full-time duty in October but will remain at Emirates Old Trafford to continue as Club Secretary
Lancashire Cricket can announce that long-serving Finance Director and Club Secretary, Lee Morgan, will step down from his Finance Director duties at Emirates Old Trafford later this year.
After more than 16 years at the Club, which also included six years as Finance and Operations Director, Morgan will continue as Club Secretary at the same time as supporting the Club in other areas.
In his Operations role, Morgan was a key figure in the regeneration and redevelopment of Emirates Old Trafford after the loss of Test cricket in 2009 and helped turn the stadium into a world-class, sustainable, and profitable all-encompassing venue. He was a central figure to the construction of The Point, Players and Media Centre, B and C stands and the first stages of the new Pavilion. At the same time, in his Finance role, he was heavily involved in securing various elements of funding over a number of years for all stages of the redevelopment of the stadium.
Morgan, who had previously worked as a qualified chartered accountant and auditor with international firm Deloitte, more recently helped the Club to secure a significant refinancing package with Metro Bank. That agreement was a new transformational, multi-million-pound, refinancing package that saw multiple lenders consolidated into one which reduced the Club’s current annual interest burden and align its debt repayment profile with its long-term business plan.
The Club has undergone a rigorous recruitment process to identify Morgan’s successor, with an announcement to follow in due course. He will remain a member of Lancashire Cricket Foundation’s Board and continue to support a number of community initiatives. In addition, Morgan will take on the duties of the General Manager for the Manchester Originals. He will switch fully to his new role on 1 October 2021.
Lee Morgan, said: “After 16 years, I felt it was time for a change. Whilst I’ve loved the job, which I’ve always considered to be a privilege, it has been all-consuming for many years and I need some space to pursue some of my other passions. At the same time my love of cricket and the Club means I was never going to completely walk away and am delighted to be able to spend more time on cricket-related activities including leading on Club Heritage matters.
“I have many friends at Lancashire and I’m excited to secure a role that allows me to stay involved and continue to make a positive contribution towards what we all see as a really exciting future.”
Lancashire Cricket, Chief Executive, Daniel Gidney, added: “It is impossible to put into words Lee’s contribution to Lancashire Cricket over the last 16 years. His hard work in both roles has helped turn the business around from the brink of a financial precipice to both a profitable and sustainable Club.
“Without Lee’s technical ability, sense of responsibility and dedication, it is no exaggeration to say we could have been looking at insolvency during the darkest days and everyone at the Red Rose owes a great deal of debt and gratitude for his part in turning us around. Without doubt Lee bore the main burden of keeping the Club alive between 2009 and 2012. We often revere iconic ex-players for their on-field exploits for this great Club and I genuinely believe that in years to come people will talk about Lee’s service and achievements in the same way in terms of the massive contribution and a key part in the Club’s rich history.
“He leaves his role in a vastly different position to when he started. We are now a year-round business with a hugely versatile events space and have been able to build an exciting squad able to compete for cricketing honours because of his expert financial direction.
“Someone of Lee’s experience and knowledge is a huge loss, but we are delighted he is staying on in the role of Club Secretary where he will also provide support to the Executive Team, including a new Chief Financial Officer.”
ECB Chief Financial Officer, Scott Smith, said: “It has been a privilege to work alongside Lee and witness first-hand the benefits of his expertise and diligence to shape the future of a Club with Lancashire’s proud history.
“His legacy will forever be linked to the establishment of Emirates Old Trafford as a world-class venue and the emboldened ambitions that his guiding hand has helped enable.”