Advertisement
Tuesday, Nov 30, 2021
Outlook.com
Outlook.com

Australian Cricketers Association To Challenge CA's Negative Revenue Forecast

The two bodies -- Australian Cricketers Association (ACA) and Cricket Australia -- again stand on a collision course barely three years after settling a pay dispute

Australian Cricketers Association To Challenge CA's Negative Revenue Forecast
Australian national cricket team. | File Photo
Australian Cricketers Association To Challenge CA's Negative Revenue Forecast
outlookindia.com
2020-06-04T19:15:26+05:30

Australian Cricketers Association (ACA) on Thursday decided to formally challenge Cricket Australia's (CA) negative revenue forecast while engaging in a dispute resolution with the governing body.

Coronavirus Outbreak Coverage | Cricket News

The two bodies again stand on a collision course barely three years after settling a pay dispute.

ACA's decision came after CA had forecast a slump of 48 per cent in 2020-21 revenues AUD 239.7 million from their previous forecast of AUD 461m and from AUD 484 million to AUD 385.8 million in 2021-22 because of the COVID-19 pandemic.

"The ACA expresses a lack of confidence in these reforecasts," Nicholson wrote in an email to players as quoted by ESPN Cricinfo.

The reforecasting process involves creating a separate, revised budget that uses year-to-date results as well as management's best estimate for the remaining months of the fiscal year.

CA chief executive Kevin Roberts had already informed that they would be facing a shortfall of AUD 80 million revenue due to the pandemic, adding to their woes is the uncertainty over the T20 World Cup in October and November.

But the ACA refused to believe in the new new forecasts, especially with India's tour of Australia later this summer, worth an estimated AUD 300 million, still on schedule.

"They do not appear to be reasonable or consistent with an obligation of good faith, as required. From what the ACA has been able to determine so far, cricket is yet to suffer a significant adverse revenue event and the outlook for the game remains positive; If cricket does suffer an adverse financial event in the future - a reforecast can be provided at this time.

"The reforecasts appears inconsistent with CA's own public assurances that a AUD 300 million (USD 207 million approx). Indian tour is a 9 out of 10," the email said referring to Roberts' recent comments on how Indian team is all but certain to come for the Australia series.

The ACA is being headed by chairman Greg Dyer and president Shane Watson, alongside Alyssa Healy, Aaron Finch, Pat Cummins, Lisa Sthalekar, Moises Henriques, Kristen Beams, Janet Torney and Neil Maxwell as members.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Meet Parag Agrawal: The New Indian Origin CEO Of Twitter

Meet Parag Agrawal: The New Indian Origin CEO Of Twitter

The incoming CEO is an IIT Bombay graduate who joined Twitter a decade back after having worked at Microsoft, Yahoo and AT&T in research positions.

Omicron: WHO Warns World Should Be Wide Awake

Omicron: WHO Warns World Should Be Wide Awake

WHO Director-General Tedros Adhanom Ghebreyesus said the emergence of the highly mutated omicron variant underlines just how perilous and precarious our situation is.

Omicron Scare Looms Over IND Tour Of SA, BCCI Awaits Govt Nod

Omicron Scare Looms Over IND Tour Of SA, BCCI Awaits Govt Nod

Several sporting events have been cancelled due to the new variant of the coronavirus, Omicron. India are scheduled to tour South Africa for a full series.

How New Covid-19 Variant Is Impacting Travel Across States In India

How New Covid-19 Variant Is Impacting Travel Across States In India

India has issued fresh travel restrictions for international travellers coming from 'at risk' nations in the wake of the Omicron outbreak across several countries in the world.

Advertisement