Connect with us

Cricket News

Covid-19: England cricket board reports huge loss in 2020-21

Sports Lounge Staff

Published

on

ecb

London: The raging Covid-19 pandemic caused England and Wales Cricket Board (ECB) a loss of 16.1 million pounds in the financial year 2020-21.

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

“This has been a challenging year, 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,” said Scott Smith, chief financial officer at the ECB.

Last year, the board had made a profit of 6.5 million pounds.

Smith, however, sounded hopeful for next year.

“There remains considerable uncertainty over the year ahead, but we hope that delivering another full summer of cricket — and with crowds beginning to return from next week — we are able to protect the revenue we need to invest in growing our game,” he said.

“Get more sports news, cricket news and football updates, log on to sportslounge.co.in. Follow us on Facebook or Twitter and Subscribe YouTube Channel.”