English cricket could lose as a lot as 380 million pounds if the entire season is wiped out because of the COVID-19 pandemic, ECB chief government Tom Harrison has claimed. The projected loss takes into consideration the worldwide in addition to home video games. The England and Wales Cricket Board (ECB) had final week suspended county season till July, with 9 rounds deserted.
“We anticipate that with no cricket this year – as a worst-case scenario for our planning purposes – that could be as bad as £380million. That would be the loss of 800 days of cricket across all our professional clubs and the ECB as well,” Harisson was quoted as saying by the cricketer.com.
“If you take all of that revenue and put it at risk, that is the worst-case scenario for us this year. Unquestionably, for cricket it is the most significant financial challenge we’ve ever faced. “Our ability to mitigate the potential financial impact does require us to try, where it’s safe to do so and with government support, fill that hole. We are staring at a £100million-plus loss this year, whatever happens,” Harrison mentioned.
The ECB has already created a 61 million pound rescue bundle for the 18 county sides and has been providing grants and loans to leisure golf equipment, impacted by the outbreak. “Cashflow is a very significant issue which we’ve tried to address as quickly as possible through the stimulus package we’ve put into the professional game,” Harrison mentioned.
“We came into 2020 in the best financial state that county cricket had been in for several decades, frankly, and this has thrown that into some uncertainty. We will continue to work with the counties to make sure we get through this.” He additionally claimed that The Hundred, which has now been postponed to subsequent 12 months, was anticipated to make a revenue of 11 million pounds.