Cricket Australia And Players Agree To Postpone Revenue Forecast
Cricket Australia and the Australian Cricketers’ Association (ACA) have agreed to postpone a revenue forecast model that initially indicated a 50% revenue drop for Cricket Australia.
This comes after the ACA rejected the forecasts from Cricket Australia predicting the governing body was set to lose hundreds of millions of dollars due to the COVID-19 pandemic, with ACA citing a lack of confidence in the forecast.
A statement from Cricket Australia confirmed the postponement of the revenue projection in order to ensure the findings are accurate and reliable.
“The parties have agreed to postpone the Australian Cricket revenue projection until such time they are better able to assess the financial impact of the pandemic and calculate a clear projection for the year ahead,” Cricket Australia said.
“The [revenue projection] will be reassessed in due course.
“Calculating revenue projections 12 months ahead during a once-in-a-century pandemic has not been without its challenges.
“But we believe we have arrived at a position that provides all parties with greater certainty about how to navigate the next year…
“Today’s agreement is a significant step forward in cricket’s response to the challenges presented by the COVID-19 pandemic.”
ACA chief executive, Alistair Nicholson said the players’ association welcomes the postponement, which he described as a ‘reset’ of the original forecast which was released in June by Cricket Australia.
“This reset is both welcome and sensible,” Nicholson said.
To date, Cricket Australia has only been impacted on two international tours involving the Australian team, a two-Test tour of Bangladesh, and a limited overs tour of Australia by Zimbabwe, with a four-Test series against India near the end of the year still expected to go ahead as planned.