MELBOURNE: Cricket Australia (CA) had a 6 per cent increase in revenues to A$414.7 million (US$306.38 million) in its 2020/21 accounts but posted a slight deficit due to the effects of COVID-19, the board said on Thursday (Oct 14). CA reported a A$151,000 deficit which it said was an improvement on budgeta
MELBOURNE: Cricket Australia had a 6 per cent increase in revenues to A$414.7 million in its 2020/21 accounts but posted a slight deficit due to the effects of COVID-19, the board said on Thursday . CA reported a A$151,000 deficit which it said was an improvement on budgetary expectations but also a"significant adverse variation" from its four-year cycle projections.
Australia hosted India over the home summer in a lucrative four-test series worth about A$400 million to the domestic game but cancelled a number of other internationals and faced crowd restrictions at matches due to health orders. CA, which cut dozens of staff last year, said it had saved A$54 million in"efficiencies" but had to spend A$23 million on additional pandemic-related costs to keep the game safe. "We should all be proud of the way the sport rose to the challenges of COVID-19 to stage a hugely successful Indian tour last summer and ensure the Ashes can go ahead this summer," said CA Chairman Richard Freudenstein, who replaced Earl Eddings after his resignation on Wednesday.
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