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Cricket Australia Reports Loss In 2022-23 Financial Year Despite Hosting Men's T20 World Cup
ICC World Test Championship: Cricket Australia (CA) on Thursday reported a loss of USD 16.9 million for the 2022-23 financial year despite clocking earnings from USD 43 million through hosting the 2022 Men’s T20 World Cup.
It said in a statement that the losses came due to an expected low point in the revenue cycle with lower media rights and match revenues during a non-Ashes year, though the Men’s T20 World Cup saw enormous crowds to stadiums. including 92,000 for the match between India and Pakistan at the MCG.
“The upside in the T20 World Cup performance has driven an increase in the player revenue share and a sharing of upside with the States and Territories, with funding at an all-time high level increasing by USD7m to USD120m.”
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