News

Cricket Australia warns of hundreds of millions in losses

April 21, 2020 08:10 PM


Twitter Share Facebook Share WhatsApp Share

Cricket Australia could lose hundreds of millions of dollars if this year's Test tour by India is scrapped because of the coronavirus, its chief executive warned on Tuesday.

Kevin Roberts said Australia was considering extending the four-Test series to five games, which would mean sacrificing the one-off Test against Afghanistan in November. In October and November Australia are also hosting the Twenty20 World Cup, for which the International Cricket Council has said it is "exploring all options".

Roberts said Cricket Australia had already lost Au$20 million ($12.6 million) since the start of the coronavirus crisis, a figure that would balloon if India cannot tour.

"If you contemplate the prospect of the international season, in particular, being affected, we have an issue of hundreds of millions of dollars on our hands," Roberts told Australian media in a conference call. "So it's very important we plan proactively for that."

India, the world's top Test team, enjoy a huge domestic audience, making their tours an important source of income for host nations.

Roberts said Australia and India had a "shared desire" to move to a five-Test series in the future, which would put it on a par with the biennial Ashes games against England. "We don't know what prospect there is of that next season, but certainly with a changing landscape... we won't rule out a possibility of that until we get closer to the time," he said, according to the Sporting News website.

Roberts added that "creative solutions" may be needed as discussions continue behind the scenes about potential cuts to players' pay.

Cricket Australia has already sent home most of its administrative staff on reduced pay, which Roberts said was necessary to stave off financial disaster in case of further disruption this year.

"We respect the player payment model that is in place now, and we intend to continue respecting that," Roberts said. "It doesn't mean disrespecting the current model at all," he added. "It just means we need creative solutions like every other organisation in society to manage through this situation respectfully to all parties involved."

https://www.youtube.com/watch?v=pOavNaBX4NU


Most Read

  1. Maryam Nawaz can wear uniform! Maryam Nawaz can wear uniform!
  2. Madiha Rizvi ties the knot again Madiha Rizvi ties the knot again
  3. Zara Noor Abbas inspired by Rani Mukerji Zara Noor Abbas inspired by Rani Mukerji
  4. Here is all about Madiha Rizvi’s second husband Here is all about Madiha Rizvi’s second husband
  5. Two patients die, injuries of 12 others multiplied after roof collapse at Gujrat hospital Two patients die, injuries of 12 others multiplied after roof collapse at Gujrat hospital
  6. Humayun Saeed and Saboor Aly under fire for close interaction in public Humayun Saeed and Saboor Aly under fire for close interaction in public

Opinion

  1. Legacy of Indian military subjugation in Kashmir
    Legacy of Indian military subjugation in Kashmir

    By Dr Ghulam Nabi Fai

  2. Islamabad becoming the hub of international diplomacy
    Islamabad becoming the hub of international diplomacy

    By Salim Bokhari

  3. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  4. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  5. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  6. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay