ANL 14.57 Increased By ▲ 0.06 (0.41%)
ASC 13.55 Increased By ▲ 0.25 (1.88%)
ASL 14.60 Increased By ▲ 0.60 (4.29%)
BOP 8.42 Increased By ▲ 0.05 (0.6%)
BYCO 6.50 No Change ▼ 0.00 (0%)
FCCL 18.10 Increased By ▲ 0.30 (1.69%)
FFBL 26.30 Increased By ▲ 0.30 (1.15%)
FFL 11.15 No Change ▼ 0.00 (0%)
FNEL 10.90 Increased By ▲ 0.18 (1.68%)
GGGL 15.25 Increased By ▲ 0.35 (2.35%)
GGL 31.80 Increased By ▲ 0.40 (1.27%)
HUMNL 6.21 Decreased By ▼ -0.01 (-0.16%)
JSCL 17.29 Increased By ▲ 0.29 (1.71%)
KAPCO 31.40 Decreased By ▼ -0.08 (-0.25%)
KEL 3.21 Increased By ▲ 0.01 (0.31%)
MDTL 2.27 Increased By ▲ 0.07 (3.18%)
MLCF 34.11 Increased By ▲ 0.31 (0.92%)
NETSOL 98.50 Increased By ▲ 1.25 (1.29%)
PACE 4.26 Increased By ▲ 0.04 (0.95%)
PAEL 23.15 Increased By ▲ 0.15 (0.65%)
PIBTL 7.60 Increased By ▲ 0.17 (2.29%)
POWER 6.65 No Change ▼ 0.00 (0%)
PRL 13.70 Increased By ▲ 0.20 (1.48%)
PTC 8.87 Decreased By ▼ -0.03 (-0.34%)
SILK 1.35 Increased By ▲ 0.05 (3.85%)
SNGP 40.71 Increased By ▲ 1.05 (2.65%)
TELE 16.43 Increased By ▲ 0.03 (0.18%)
TRG 86.85 Decreased By ▼ -0.55 (-0.63%)
UNITY 25.20 Decreased By ▼ -0.02 (-0.08%)
WTL 2.14 Increased By ▲ 0.04 (1.9%)
BR100 4,660 Increased By ▲ 141.44 (3.13%)
BR30 18,804 Increased By ▲ 526.98 (2.88%)
KSE100 45,330 Increased By ▲ 1215.89 (2.76%)
KSE30 17,550 Increased By ▲ 516.47 (3.03%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,709
524hr
Pakistan Cases
1,284,365
17624hr
0.48% positivity
Sindh
475,248
Punjab
442,950
Balochistan
33,479
Islamabad
107,626
KPK
179,928

Australia’s cricket board have projected a nearly 50% plunge in revenue that underpins player payments as the domestic game struggles to cope with the fallout from the Covid-19 pandemic, local media reported on Thursday.

The Australian newspaper said Cricket Australia’s revenue pool was originally forecast at around A$400 million ($276 million) in the 2020/21 season but had been slashed due to Covid-19’s impact on the schedule.

Players are paid just over a quarter of the revenues as per their revenue-sharing agreement in their collecting bargaining agreement with CA.

The players union, the Australian Cricketers’ Association, confirmed to Reuters that they had received revised revenue projections from CA and would hold a board meeting to discuss them later on Thursday.

CA Chief Executive Kevin Roberts said last week the board was facing a shortfall of about A$80 million in revenue due to Covid-19 and there was a high likelihood Australia would not be able to host the Twenty20 World Cup in October-November.

The bleakest scenario looks to have been avoided, however, with India’s lucrative four-test tour, worth an estimated A$300 million in revenue, set to go ahead in the home summer.

CA had more than A$90 million in reserves at the end of March but furloughed about 80% of its workforce in April to save some A$3 million in costs, a move that drew widespread criticism.

Several of Australia’s state associations have also made deep staff cuts in recent weeks.

Roberts last week flagged another round of cost-cutting, saying no part of the game would be “untouched”.

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.