HomeCricketECB Suffers £16.1 Million Loss For 2020/21

ECB Suffers £16.1 Million Loss For 2020/21


ECB Suffers £16.1 Million Loss For 2020/21

The England and Wales Cricket Board (ECB) has reported a £16.1 million (AUD$29.3 million) loss in its annual accounts, with total revenues down £21 million (AUD$38 million).

After posting a £6.5 million (AUD$11.8 million) profit for the last financial year, the COVID-19 pandemic has truly reversed any hope of a repeat success, as the ECB were expecting to be characterised by rising revenues and expanded investment into the game.

There have been costs for the ECB up to £27 million (AUD$49 million) for bio-securing bubbles alone, which have allowed international cricket to go ahead during the British summer.

In a statement on the annual recordings, ECB chief executive, Tom Harrison, said the organisation was not blown out of the water just yet.

“Over the past 12 months we have had to confront the biggest financial crisis the game has ever experienced, and the optimism around at the time of writing, it is clear we are not out of the woods yet,” Harrison said.

“Very significant challenges lie ahead.

“While we are hopeful and optimistic about the 2021 summer, we don’t yet know what the implications are for the return of crowds or indeed on “bubbles” for this season.

“We are building plans with the experience from 2020 and taking forward the lessons we learnt.

“Although we are navigating through uncertainly to which we have become accustomed, our ambition for the 2021 season sets a very high bar – we cannot lose another year of progress.

“The continuing impact of the COVID-19 pandemic on the 2021 season is likely to be significant.

“The government roadmap shows signs of optimism but is by no means an assurance we will see a return of full crowds in the summer due to social distancing restrictions.

“The uncertainty over the operational delivery model for the 2021 season has resulted in a number of alternative scenarios being explored,” he said.

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