Cricket Australia Faces Financial Deficit Amid Revenue Surge
Cricket Australia announced a net deficit of A$11.3 million for the 2024-25 fiscal year despite increased revenue from hosting India in the Border-Gavaskar series. Total revenue rose by A$49.2 million, but expenses also surged, leading to criticisms from member states over financial management.
Cricket Australia (CA) disclosed a net deficit of A$11.3 million for the financial year 2024-25 despite a revenue surge from hosting India in the prestigious Border-Gavaskar series.
At its annual general meeting, CA reported revenues climbed by A$49.2 million to A$453.7 million, driven primarily by new domestic media deals and match revenues. Nonetheless, a steep rise in expenses, linked to marketing and extended tours, offset gains, drawing criticism from member state Cricket Victoria.
Looking forward, CA CEO Todd Greenberg emphasized a positive outlook for 2025-26, with anticipated revenue boosts from hosting the Ashes against England and exploring private investments in the Big Bash League to enhance competitiveness.
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