Sign In
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
New Delhi: Cricket Australia (CA) announced a net loss of A$11.3 million ($7.34 million) for the 2024-25 financial year on Thursday, despite a significant surge in revenue from hosting the Border-Gavaskar series against powerhouse India.
CA, during its annual general meeting (AGM), reported that total revenue increased by A$49.2 million from the previous year to A$453.7 million, driven by a new domestic media rights deal and match revenue from the five-match test series against India.
The expenses have also increased by A$24.1 million, which includes marketing costs for the Border-Gavaskar Trophy and funding for 70 extra days of touring for national teams. However, distributions of funds to CA's member states and territories didn't move much, rising by A$800,000 from the previous year to A$120.9 million.
Member state Cricket Victoria (CV) criticised CA for the annual loss and said that the governing body had delivered a very small financial improvement despite significant and costly reviews.
"It is especially disappointing that since FY2019, Cricket Australia's accounts have shown significant cumulative loss, excluding COVID-related impacts and World Cup revenue."
CA CEO Todd Greenberg said the outcome for 2025-26 was positive, with Australia set to host England in the five-match Ashes series starting from November 21 in Perth.
He said that CA was predicting a sharp increase in commercial and sponsorship revenue from A$69 million to A$86 million in the coming year.
"The Ashes and India white-ball content in FY26 is expected to deliver significant profit to CA, and this will enable CA to rebuild its net assets and cash reserves for the next cycle," CA CFO Sarah Pragnell said.
CA is also exploring options to allow private investment in the Big Bash League (BBL) teams to unlock value and boost the competitiveness of the tournament against international leagues like the IPL.
