💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Cricket-Players union slams Cricket Australia's COVID-19 cost-cutting

Published 19/05/2020, 11:16 am

MELBOURNE, May 19 (Reuters) - The chairman of Australia's professional cricketers' union has lambasted the national board's cost-cutting measures in response to the new coronavirus outbreak, saying they could have "disastrous" consequences for the game over the long term.

Cricket Australia furloughed about 80% of its staff and said it had suffered a A$20 million ($13 million) fall in revenue due to COVID-19, despite the pandemic hitting at the end of the season. board is also pushing member states to agree cuts to their grants and is in talks with players about adjusting pay.

Australian Cricketers' Association (ACA) Chairman Greg Dyer questioned the board's gloomy financial outlook, saying the game had "yet to experience a significant negative revenue event."

"It should be in a relatively strong financial position, particularly relative to the winter sports, and with the benefit of time should emerge with a distinct advantage to other sports who've been caught directly in COVID's crosshairs," Dyer said on the ACA's website https://www.auscricket.com.au/news-media/news-articles/slash-and-burn-risks-squandering-crickets-unique-opportunity.

"Now is not the time to diminish the game, but instead .... seize the moment and improve it."

CA Chief Executive Kevin Roberts said last month the board could suffer a revenue hit of hundreds of millions of dollars if India were unable to tour in the home summer.

However, the tour's chances of going ahead have been boosted by Australia's success in reducing COVID-19 infections to a trickle over the past month.

Dyer said cost-cutting at state and grass-roots levels would have "disastrous long-term consequences on the health of the game" and took aim at CA's centralised high performance programme.

"That at the first sign of a headwind states are being asked to take significant cuts, which are in turn filtering down to local cricket, suggests that something is horribly wrong with the current model," he said.

CA did not provide immediate comment when contacted by Reuters. ($1 = 1.5333 Australian dollars)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.