ECB stares at financial loss, to engage in cost-cutting measures: Report - watsupptoday.com
ECB stares at financial loss, to engage in cost-cutting measures: Report
Posted 06 Aug 2020 03:17 PM

AGENCIES

The England and Wales Cricket Board (ECB) is set to engage in severe cost-cutting measures as it stares at a potential deficit of 182m pound in the current financial year owing to the COVID-19 pandemic, according to a media report.

The ECB held a meeting with 18 first-class counties and the county boards on Wednesday, where it informed that it expects a minimum shortfall of 106m in the current fiscal.

"This figure assumes that the remaining men's international cricket � Pakistan�s tour and a proposed six-match white-ball visit by Australia in September � will take place under the biosecure conditions in place so far this summer," 'The Guardian' reported.
"But there has also been a warning that the overall loss to the game could rise by a further 76m pound should any of these matches be cancelled or the ECB find itself unable to sell tickets for next year's visits by India, Pakistan and Sri Lanka," it added.

The report said commercial revenue and loss of income from participation programmes such as All Stars Cricket and Dynamos Cricket tops the list of the shortfall.

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