ECB stares at monetary loss, to interact in cost-cutting measures: Report

London, August 6

The England and Wales Cricket Board (ECB) is ready to interact in extreme cost-cutting measures because it stares at a possible deficit of 182 million pound within the present monetary 12 months owing to the COVID-19 pandemic, in keeping with a media report.                                                 

The ECB held a gathering with 18 first-class counties and the county boards on Wednesday, the place it knowledgeable that it expects a minimal shortfall of 106 million within the present 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 stated business income and lack of revenue from participation programmes resembling All Stars Cricket and Dynamos Cricket tops the listing of the shortfall.                                    

“As well as the loss of ticket sales and high cost of putting on England’s matches, which has included bringing touring teams over on charter flights and creating bubbles at the Ageas Bowl and Old Trafford, the deficit has been put down to the 12-month delay of the The Hundred, which was due to launch last month,” it stated.

The newspaper quoted a supply as saying that the ECB might cut back its employees by as much as 25 per cent. It had 379 workers earlier than the COVID-19 pandemic struck the world. PTI

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