Cricket Australia announces annual budget cuts of $40 Million

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17th Jun, 2020. 04:56 pm
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Due to severe financial crisis as an impact of the ongoing pandemic, Cricket Australia (CA) has announced annual budget cuts of $40 million.

Media reports said that the governing body of Cricket Australia revealed it was making 14 per cent of its workforce redundant and Australia A tours would not take place this season as part of its cost-cutting measures.

CA chairman Earl Eddings in his statement regarding budget cuts said “We recognize that this is a difficult time for Cricket Australia employees, particularly for those staff members affected by these redundancies and their families,”

“However, our responsibility is clear: to navigate a path for cricket through this period of uncertainty and disruption to ensure we come out the other side sustainable in the short term and prosperous in the long term.””Throughout COVID-19, the need to work closely with the cricket community and to move quickly as circumstances have changed has never been more important.””With increasing clarity about the impact of COVID-19, we have managed the financial impact on our organisation, our people, our partners and players.”A day earlier, Cricket Australia sacked CEO Kevin Roberts accusing him for creating the financial mess due to the coronavirus pandemic.

Roberts succeeded James Sutherland into the role in October 2018 and his rein lasted just 20 months during which he oversaw the highly successful ICC Women’s T20 World Cup 2020 earlier this year.

Eddings said in a statement that “Cricket, like all national sports, has been going through a period of significant change and – in recent months we have had the added uncertainty delivered by COVID-19,”

Cricket Australia announces annual budget cuts of $40 Million

Web Desk

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