ECB faces financial losses due to Corona
Most of the cricket boards have suffered financial losses due to Corona. England and Wales Cricket Board ECB also face financial losses due to Corona Virus and now is cutting 72 staff to make up for the loss. England and Wales Cricket Board (ECB) chief executive Tom Harrison confirmed the matter in a statement on Tuesday (September 15th).
In a statement, Harrison said the loss was more than 100 million this year, and that if it were more long-term, it could rise to 200 million next year. In recent times, we have thoroughly reviewed the structure and budgets of the ECB to reduce central spending without compromising on our ambitions. To reduce financial loss, 72 workers are being laid off. Every part of the ECB will be affected by these changes.
When the coronavirus struck in March this year, the ECB was expected to lose 300 million dollars due to the epidemic. However, even though the estimate was 300 million, the amount of that loss has been reduced to 100 million. Behind which a series is organized in the field of a home by creating a bio-safety zone.
England started playing cricket with the West Indies on July 7 this year. After the West Indies, they played a series against Ireland and Pakistan. They are playing a series against Australia at the end of the Pakistan series. The ECB has reduced its financial losses by being able to organize the series. They have returned not only international cricket but also domestic cricket. In doing so, the ECB is losing 200 million less than expected.