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Cricket Australia posts increased surplus of AUD$18m

Steve Smith of Australia bats during game three of the Men's International Twenty20 match between Australia and Sri Lanka (Photo by Quinn Rooney/Getty Images)

Cricket Australia posted an operating surplus of AUD$18.2m (€11.3m/$12.6m) in 2018-19 with overall revenues totalling AUD$485.9m.

Revenue from continuing operations stood at AUD$474.3m, with other income totalling AUD$11.6m. The AUD$18.2m surplus figure is more than double that of the previous year (AUD$8.3m).

Expenditure from media, broadcasting and marketing commitments totalled AUD$31.4m. The body’s main expenditure was for players and umpires, which amounted to AUD$104.5m, with events and operations expenditure totalling AUD$72.5m.

Cricket Australia holds major domestic media-rights deals with pay-television broadcaster Fox Sports and commercial broadcaster Seven under a six-year deal covering the 2018-19 to 2023-24 seasons.

The deal, signed in April 2018, resulted in limited-over internationals going behind the paywall for the first time and ended Nine’s long-running association with the rights. At the time it was reported that the partnership would result in an overall benefit to the sport worth AUD$1.18bn.

Internationally, Cricket Australia holds rights deals in the UK with pay-television broadcaster BT Sport, Sony Pictures Networks India on the Indian subcontinent, beIN Media Group in the Middle East and North Africa, and pay-television broadcaster Sky Sport in New Zealand.

Energy company Alinta Energy is the principal partner of Australia’s men’s national team under a four-year deal that began in July 2018. Alinta serves as a platinum partner of Cricket Australia alongside real estate company Domain, which title sponsors the body’s home Test series.

Cricket Australia’s gold partners include HCL Technologies, KFC, Toyota, Gillette and XXXX Gold, among others.