MCC is one of Australia's oldest sporting clubs. It is also one of the wealthiest. It has the advantage of managing the MCC one of the world's great sporting icons. Its great financial strength is its capacity to attract thousands of members who are prepared to pay a hefty annual fee (around AUD 600) to secure the right to attend sporting events and use the Club's extensive hospitality and facilities. It is also the home of cricket and Australian football. At the same time it has borrowed heavily over the past 15 tear to upgrade the stadium. This begs the question as to just how financially healthy the Mcc is. The following table summarizes its key financial indicators for the last few year .The table begins in 1990 when the MCC began its scale of operations significantly over the last 15 years. Operating income has increased from AUD 14 million to AUD 69 million, and expenses have been constrained to ensure the generation of continuing surpluses. The great strength of the MCC is its membership income which has increased from AUD 8 million to nearly AUD 31 million. On the expense side, one of the most revenue-absorbing items is interest paid, which in 1997 comprised nearly 30 percent of operating income. This resulted from the MCC's heavy borrowings, which were used to fund its stadium redevelopment. This heavy dependency on debt is reflected in its high debt to equity ratio, which was 5:1 in 2002. The MCC is one of the world's great sport stadiums, and while its redevelopment was underpinned by debt finance, it has given the stadium enormous revenue generation capacity. Its long-term sustainability is strong so long as it continues to attract quality sport events throughout the year.