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ECB announce £16.1m loss

THE England and Wales Cricket Board (ECB) has announced a loss of £16.1m in the past financial year as a result of the coronavirus pandemic.
Revenue fell by £21m to £207m with the postponed launch of The Hundred and the cost of running bio-secure cricket cited among the reasons.
The loss follows a £6.5m profit made in 2019 and has been transferred to the reserves, which are now £2.2m, down from more than £70m in 2016.
Scott Smith, the ECB’s chief financial officer, said: “This has been a challenging year, but we have still been able to support the network and avoid a far worse fina...

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