Published 19:16 IST, October 31st 2019
Australia Cricket Board posts $18m surplus in 'healing' year
Australia Cricket records an $18m operating surplus in the past 12 months. The increase has been credited to an improvement players' behaviour and conduct.
- SportFit
- 2 min read
Cricket Australia has recorded an operating surplus of more than $18m in a year of ‘healing’ according to chairman Earl Eddings. The $18m surplus is $9.9m more than the surplus recorded the previous year. The surplus comes in after the improvement of players’ behaviour in all forms and levels of cricket.
Cricket Australia records massive surplus due to player behaviour
The surplus comes after a dramatic improvement in player behaviour. The code of conduct charges on players’ reduced by 74% across all levels from the national team to country competitions. The increased revenue from BBL and WBBL has also been one of the prime factors in recording a huge surplus. More than 2.16 million attended international, BBL and WBBl games- a record figure in a non-Ashes year.
Cricket Australia chairman Earl Eddings added that the past year has been one of healing Australian Cricket. He said that Cricket Australia has focused on building a purpose-led culture following a difficult 12 months. He further added that the board focused on rebuilding and restoring the connection between the audience and Australia cricket over the past year. Eddings also said that the past year redefined the way Australians play and the country is proud of their spirit.
Cricket Australia: There's focus on rebuilding trust
Cricket Australia’s CEO Kevin Roberts said there has been a focus on rebuilding trust after the ball-tampering scandal in South Africa in March 2018. He said that the board has looked at rebuilding the performance of the team on and off the field. He further added that the funding for state and territories would increase to $450m, which was earlier $100m. Roberts said that a significant portion of it would be focused on community cricket infrastructure and development, including 58 new roles to support community cricket.
Updated 20:35 IST, October 31st 2019