Why Did Cricket Australia Face Millions in Revenue Loss from the Perth Test?
Synopsis
Key Takeaways
- Cricket Australia faced significant financial losses due to an early match conclusion.
- The first Ashes Test in Perth was the shortest in history by balls bowled.
- Record attendance was achieved, yet financial implications loom large.
- Todd Greenberg highlighted the severe impact on the organization’s finances.
- Criticism of CA's financial management was evident during recent meetings.
New Delhi, Dec 5 (NationPress) Cricket Australia CEO Todd Greenberg has acknowledged that the financial repercussions from the premature conclusion of the first Ashes Test in Perth significantly impacted the organization’s fiscal health, necessitating a return of not just hundreds of thousands but millions of dollars.
Cricket Australia encountered a substantial financial setback following the swift two-day Ashes opener, which spanned merely 847 balls, marking it as the shortest Ashes Test by deliveries since 1888.
During the initial Test, 19 wickets fell on Day 1, with England being dismissed for 172 runs, where Mitchell Starc achieved career-best figures of 7-58. Australia then struggled to 121/9 at stumps. Day 2 continued the trend with 13 wickets falling and a total of 380 runs scored, as England was bowled out for 164. Travis Head shone with a remarkable 123 runs, leading Australia to a decisive eight-wicket victory and a 1-0 series lead.
The early conclusion resulted in Cricket Australia missing out on ticket sales for Days 3 and 4, with projected losses exceeding USD 3 million. “It did hurt. I’m not going to shy away from the fact that it hurt. Of course, in professional sports, the aim is to win,” Greenberg stated during SEN’s coverage of the Second Test.
“However, we had to return not just hundreds of thousands, but we are discussing millions and millions. It’s worth noting that this was the first instance in 104 years. I hope it won’t happen again for another century, leaving that burden for someone else,” he remarked.
A record attendance of 101,514 was recorded at the Test; 51,531 on Day 1 and 49,983 on Day 2, surpassing the previous record of 96,463 set in Perth last year when India triumphed in four days.
It is important to mention that during the recent annual general meeting, Cricket Australia reported a loss of USD 11.3 million and faced strong criticism from Cricket Victoria chair Ross Hepburn regarding its financial performance.