Cricket Australia records near $17m loss despite boost from hosting T20 World Cup
The Guardian says Hosting the Twenty20 World Cup last year has gone some way to balancing the books at Cricket Australia, after the organisation announced it recorded a $16.9m loss in 2022-23.
The governing body said the loss was driven by an “expected low point in the revenue cycle” given it was a non-Ashes year, although the game set a new attendance record last summer.
The Cricket Australia chair, Mike Baird, on Thursday flagged there may be more economic headwinds in the future. “Cricket has reached an important moment with the continued emergence of franchise cricket creating both significant challenges and enormous opportunities as interest in our sport grows,” he said.