English cricket chiefs blame virus for £16.1m annual loss - News Summed Up

English cricket chiefs blame virus for £16.1m annual loss


The England and Wales Cricket Board (ECB) reported an annual loss of £16.1 million ($22.8 million) on Tuesday, saying the coronavirus pandemic had whittled down cash reserves to just £2.2 million. In 2016, the ECB announced it had reserves of more than £70 million. The ECB said revenue losses across English cricket as a whole, after a year of playing matches behind closed doors, amounted to more than 100 million. ECB revenue fell by £21 million to £207 million. The financial statement said the delay to the Hundred and costs of staging bio-secure cricket had contributed to the decline.


Source: News 24 May 11, 2021 16:30 UTC



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