About: http://data.cimple.eu/news-article/24640fafef134ace4f7af30c6113d259f4195ed527a6d445d5dea379     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • The England and Wales Cricket Board chief reported an annual loss of £16.1 million ($22.8 million) on Tuesday, with chief executive Tom Harrison warning the onging effects of the coronavirus pandemic meant "we're not out of the woods yet". English cricket's governing body said the pandemic had whittled down cash reserves to just £2.2 million. And while spectators are set to return later this season after a 2020 campaign of matches behind closed doors because of virus restrictions, Harrison wrote in the ECB's annual review that there could still be more financial pain to come. "Over the past 12 months we have had to confront the biggest financial crisis the game has ever experienced," he said. "And despite the optimism around at the time of writing, it is clear we're not out of the woods yet. "Very significant challenges lie ahead. While we are hopeful and optimistic about the 2021 summer, we don't yet know what the implications are for the return of crowds or indeed on 'bubbles' for this season. "Our ambition for the 2021 season sets a very high bar -- we cannot lose another year of progress." In 2016, the ECB announced it had reserves of more than £70 million. But the start-up costs associated with the Hundred, the ECB's new 100 balls-per-side competition, helped reduce that figure to about £11 million by 2019 -- before the pandemic took hold. The Hundred is due to make its debut in 2021 after a year's delay because of Covid-19. The ECB said revenue losses across English cricket as a whole, after a year of playing matches behind closed doors, amounted to more than £100 million. But that is some way short of the worst-case scenario. The ECB feared it could lose £380 million had the entire 2020 season been wiped out. But a full international programme went ahead in a bio-secure bubble, with West Indies the first team to tour England during the pandemic. "This has been a challenging year," said Scott Smith, chief financial officer at the ECB. "But by being able to stage international cricket and by taking decisive action early in the pandemic, we have been able to support the network and avoid a far worse financial scenario." ECB revenue fell by £21 million to £207 million. The financial statement said the delay to the Hundred and costs of staging bio-secure cricket had contributed to the decline. jdg/nr
schema:headline
  • English cricket chief Harrison warns 'we're not out of the woods' after £16.1m loss
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software