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Crisis in Australia! CA reports AUD 11.3 million loss despite Rohit-Virat show Down Under

Akshita Patel

Cricket Australia suffers financial loss [Source: @CricketAus/X.com]Cricket Australia suffers financial loss [Source: @CricketAus/X.com]

Cricket Australia (CA) has revealed a major financial blow, reporting a staggering AUD 11.3 million loss for the 2024-25 financial year. The announcement came during CA’s annual general meeting in Melbourne.

The loss comes as a surprise to many, especially since Australia hosted India in a blockbuster five-match Border-Gavaskar Trophy last summer, a series that drew huge crowds and television ratings. 

Despite the high-profile nature of that series, the financial results didn’t meet expectations. 

Cricket Australia lands in financial crisis

The board’s chief executive, Todd Greenberg, and chair Mike Baird addressed the media and stakeholders, where they revealed the loss of AUD 11.3 million. 

However, both officials clarified that the loss was not unexpected and had been part of a long-term forecast.

"We can't stand still. We've got to keep an eye on what's happening. Of course, we want to protect everything that's sacrosanct about what's been great about Australian cricket over generations, but we've got to have an eye to the future," Greenberg said.

They projected that Cricket Australia would return to profit in the 2025-26 financial year, boosted by India’s white-ball tour and the highly anticipated home Ashes series.

To address the financial setback, CA has started taking several cost-cutting steps. One notable move is reportedly the decision to stop funding Indoor Cricket national teams and domestic championships.

CA opens up on privatisation of BBL

Unlike leagues such as the IPL or SA20, the Big Bash League (BBL) is still controlled by Cricket Australia, not private franchises. 

Todd Greenberg admitted this model has benefits but comes with its challenges, adding that private ownership might entice top players away. 

"It's a big part of our decisions. There's no secret that every sports league in the world has one significant thing in common, they have the best players playing in those leagues. And so the moment we take for granted that our Australian players will play in our leagues or play for their teams is at our peril," he added.

Despite the loss, Cricket Australia remains optimistic. The combination of India’s next tour, the Ashes series, and potential commercial reforms could help CA recover financially.