Cricket Australia has produced a revised forecast for its 2020-21 revenue with a 48-per-cent drop on the pre-Covid-19 figure of A$461m ($317m/€283m). The new forecasted revenue is A$239.7m.
The drop will hit the remuneration of CA’s contracted players, who are paid just over a quarter of the revenue under a collective bargaining arrangement. Based on the new forecasts, the players’ share looks set to be cut from A$115m to A$55m.
The Australian Cricketers’ Association today rejected the forecast and called for talks with CA to “shine a light” on the calculations.
“The ACA expresses a lack of confidence in these reforecasts,” the union said, reported by Reuters.
CA twice failed to meet deadlines to present the adjusted revenue calculations to the players’ union, the Brisbane Times reported.
CA appears to have revised upwards earlier forecasts of the revenue loss. CA chief executive Kevin Roberts recently said the body was facing a A$80m shortfall. This came from:
- Australia looking unlikely to host the Twenty20 World Cup during October-November this year as planned, which would cost it around A$20m
- A A$50m blow from not having crowds at games this summer
- A cost of up to A$10m for biosecurity measures to ensure international teams can play in Australia.
Roberts said the new calculations would not affect retainers, match fees, bonuses and prize money from domestic competitions for the next two seasons.
The chairman of the ACA, Greg Dyer, has condemned CA’s cost-cutting in response to the Covid-19 pandemic as “disastrous” for the sport and has cast doubt on the CA board’s pessimistic financial projections.