England cricket board stories large loss in 2020-21 resulting from Covid-19

The raging Covid-19 pandemic brought about England and Wales Board (ECB) a lack of 16.1 million kilos within the monetary yr 2020-21.

The loss has been transferred to the England board’s reserves.

“This has been a difficult yr, however by with the ability to stage worldwide and by taking decisive motion early within the pandemic, we’ve got been in a position to assist the community and keep away from a far worse monetary situation,” mentioned Scott Smith, chief monetary officer on the ECB.

Final yr, the board had made a revenue of 6.5 million kilos.

Smith, nonetheless, sounded longing for subsequent yr.

“There stays appreciable uncertainty over the yr forward, however we hope that delivering one other full summer season of — and with crowds starting to return from subsequent week — we’re in a position to defend the income we have to spend money on rising our recreation,” he mentioned.




(Solely the headline and film of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)

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