‘T20 World Cup is a big question’: Australia faces further cost-cutting despite improved outlook


Cricket Australia CEO Kevin Roberts said the board was still facing an A$80 million shortfall due to Covid-19 and the high likelihood Australia will not be able to host the Twenty20 World Cup in October-November.

Cricket Australia CEO Kevin Roberts said Australian cricket faces another round of cost-cutting (AFP Photo)

HIGHLIGHTS

  • Cricket Australia expects A$80m shortfall despite improved outlook
  • Cricket Australia (CA) has already furloughed about 80% of its workforce
  • Kevin Roberts said it’s likely Australia will not be able to host T20 World Cup this year

Australian cricket faces another round of cost-cutting to shore up finances hit by the coronavirus shutdown and no part of the game will be immune, board chief Kevin Roberts said on Friday.

Cricket Australia (CA) has already furloughed about 80% of its workforce, while state associations have also made deep staff cuts in recent weeks.

CA’s financial outlook has improved with India’s four-test Tour, worth an estimated A$300 million ($200 million) in revenue to CA, set to go ahead in the home summer.

‘T20 World Cup is a big question’

But Roberts said the board was still facing an A$80 million shortfall due to Covid-19 and the high likelihood Australia will not be able to host the Twenty20 World Cup in October-November.

“So we’re focused on delivering the best season as possible noting that the likelihood of significant crowds is very slim,” he told reporters on a video call on Friday.

“Ordinarily that would deliver well over A$50 million in revenue to Cricket Australia.

“The T20 World Cup is a big question and that’s a factor of perhaps A$20 million and … it’s likely that our biosecurity measures we need to put in place to deliver the season will cost in the order of A$10 million.”

Most CA staff remain furloughed on 20% pay until the end of June, while the board’s executive team have taken a 20% pay-cut.

‘Unfortunate that there will be an impact on our people’

Roberts’ leadership amid the pandemic has been slammed by former players and media pundits, who have accused him of exaggerating the game’s financial problems.

However, Roberts said further cuts were necessary to maintain investment in community cricket as much as possible.

“We’ve made a commitment to significantly reduce the cost base of Cricket Australia, unfortunately that means no area of the organisation will be untouched,” he said.

“It’s unfortunate that there will be an impact on our people.”

IndiaToday.in has plenty of useful resources that can help you better understand the coronavirus pandemic and protect yourself. Read our comprehensive guide (with information on how the virus spreads, precautions and symptoms), watch an expert debunk myths, and access our dedicated coronavirus page.
Get real-time alerts and all the news on your phone with the all-new India Today app. Download from

  • Andriod App
  • IOS App



Source link

Latest articles

Manohar Lal Khattar said that upcoming year in 2021 would be observed as "Sushasan Parinam Varsh" (File)Chandigarh: Haryana Chief Minister Manohar Lal...

Union Minister Nitin Gadkari Announces Multi-Model Logistics Park In Assam’s Silchar

The Union Minister for Road Transport laid the foundation stone of 20 projects for Assam (File)Silchar: Union Minister for Road Transport and...

Allotment Of Government Accommodation Being Rationalized: Hardeep Puri

Hardeep Puri said "E-Sampada" is developed to bring uniformity in system across India (File)New Delhi: Union Housing and Urban Affairs Minister Hardeep...

Woman Gives Life To Four People; Heart Sent Through Green Corridor For Transplant

The woman was rushed to Max Super Speciality Hospital, Vaishali (Representational)New Delhi: A heart harvested from a 41-year-old woman, who died after...
44.1k Followers
Follow

Related articles

Leave a reply

Please enter your comment!
Please enter your name here