Tag: Acircet Australia 2018-19 profits

Cricket Australia earns $ 18.2 million profit in 2018-19

Photo: Cricket Australia

By Neeraj Nanda

MELBOURNE, October 31: Delivering its financial results for the full year ending 30 June 2019, Cricket Australia (CA) today announced a strong result in line with budgetary expectations and CA’s five-year strategy:

- The 2018-19 financial year resulted in an operating surplus of $18.2 million, more than double the operating surplus of the year prior ($8.3 million).

- At 30 June 2019, 705 international and domestic sanctioned matches were played over 255 days of cricket here and abroad.

- More than 2.166m people attended international cricket, BBL and WBBL across the 2018-19 season, making it the highest ever attended cricket season in a non-Ashes year.

- The first women’s international match of the season was the most-watched women’s cricket match in Australia, with a peak audience of 1.3 million (average audience 609k).

Cricket Australia Chair, Earl Eddings, said, “In my first year as Chair I have been humbled by the commitment, passion, and resilience of the thousands of people who work across Australian Cricket. There is no doubt the past 12 months have seen some critical milestones for our organization and the sport.

“While we will never forget the lessons of the past we want to reassure the Australian cricket community that we have listened, and we – from the players to the administration – are genuinely committed to earning back the trust of cricket fans across the country, he said.

Cricket Australia Chief Executive Officer, Kevin Roberts said, “With a focus on rebuilding trust and improving performance on and off the field, we are pleased to announce another year of strong financial performance.”

“Increasing funding for States and Territories over the next four years, from $350 million to $450 million, Australian Cricket has attributed a significant portion of this uplift to community cricket infrastructure and development. This includes 58 new community roles to support cricket in local communities, he said.