Cricket Australia, top players agree on postponing revenue projections - watsupptoday.com
Cricket Australia, top players agree on postponing revenue projections
Posted 04 Jul 2020 11:53 AM

Australia�s top cricketers have reached an agreement with Cricket Australia that it should postpone its assessment of future revenue during the uncertainty of the coronavirus pandemic.

The agreement announced Saturday ended a one-month impasse which followed the national body�s projection in June of an almost 50 per cent drop in revenue in the 2020-2021 financial year. Cricket Australia has now removed the forecast and the Australian Cricketers� Association has withdrawn its notice of dispute over the Australian Cricket Revenue (ACR) forecast.
Australia�s leading players are paid on a revenue-sharing model which means the revenue projection eventually might impact salaries for contracted men and women.


Cricket Australia was required under a memorandum of understanding with the players� union to provide a revenue projection by the end of April. It was then agreed to defer the projection for a month. Under the new agreement CA will be able to provide a new projection later in the financial year when the prospects for the coming summer are clearer.

Cricket Australia officials are hopeful its big revenue-earners � a tour by India and the Big Bash League � will be able to be played in full stadiums. But a spike in coronavirus cases in Victoria state has caused new uncertainty and it is unlikely the Twenty20 World Cup will go ahead.

�Calculating revenue projections 12 months ahead during a once-in-a-century pandemic has not been without its challenges,� CA said in a statement. �But we believe we have arrived at a position that provides all parties with greater certainty about how to navigate the next year.

Leave a comment: (Your email will not be published)