Cricket

Australian cricketers brace for deeper pay cuts as CA continues to grapple with finances due to COVID-19, say media reports

Players are paid just over a quarter of the revenues as per their revenue-sharing agreement in their collecting bargaining agreement with Cricket Australia.

Australian cricketers brace for deeper pay cuts as CA continues to grapple with finances due to COVID-19, say media reports

Melbourne: Australia’s cricket board have projected a nearly 50 per cent plunge in revenue that underpins player payments as the domestic game struggles to cope with the fallout from the COVID-19 pandemic, local media reported on Thursday.

Kevin Roberts is the current CEO of cricket Australia. AFP

File image of Cricket Australia CEO Kevin Roberts. AFP

The Australian newspaper said Cricket Australia’s revenue pool was originally forecast at around A$400 million ($276 million) in the 2020/21 season but had been slashed due to COVID-19’s impact on the schedule.

Players are paid just over a quarter of the revenues as per their revenue-sharing agreement in their collecting bargaining agreement with CA.

The players union, the Australian Cricketers’ Association, confirmed to Reuters that they had received revised revenue projections from CA and would hold a board meeting to discuss them later on Thursday.

CA Chief Executive Kevin Roberts said last week the board was facing a shortfall of about A$80 million in revenue due to COVID-19 and there was a high likelihood Australia would not be able to host the Twenty20 World Cup in October-November.

The bleakest scenario looks to have been avoided, however, with India’s lucrative four-Test tour, worth an estimated A$300 million in revenue, set to go ahead in the home summer.

CA had more than A$90 million in reserves at the end of March but furloughed about 80 per cent of its workforce in April to save some A$3 million in costs, a move that drew widespread criticism.

Several of Australia’s state associations have also made deep staff cuts in recent weeks.

Roberts last week flagged another round of cost-cutting, saying no part of the game would be “untouched”.

Updated Date: June 04, 2020 09:05:11 IST

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

7.58 crore people got precaution dose of Covid vaccine as on 26 July: Government to Lok Sabha
Health

7.58 crore people got precaution dose of Covid vaccine as on 26 July: Government to Lok Sabha

Precaution dose is available for all eligible beneficiaries above 18 years, after six months from the date of administration of the second dose

COVID-19: Corbevax approved as precaution dose for adults vaccinated with Covaxin, Covishield
India

COVID-19: Corbevax approved as precaution dose for adults vaccinated with Covaxin, Covishield

This is for the first time that a booster dose that is different from the one used for primary vaccination against Covid has been allowed in the country

New easy-to-use test can tell how much immunity you have against COVID-19
India

New easy-to-use test can tell how much immunity you have against COVID-19

Easy access to this kind of test could help people determine what kind of precautions they should take against COVID-19 infection, such as getting an additional booster shot, the researchers said