NEW TOURNAMENT
Cricket SA faces R40m loss ahead of T20 league
CEO Thabang Moroe hints that the loss could escalate as Cricket SA is faced with ‘a difficult four-year financial cycle’
Cricket SA has budgeted for a R40m loss ahead of the yet-to-be-named T20 league to be staged in partnership with the SABC. While the state broadcaster’s COO Chris Maroleng was reluctant to reveal the financial details of the partnership‚ Cricket SA CEO Thabang Moroe was more forthcoming. "The R40m loss that was given to us is going to involve the operation of the league‚ paying for production‚ salaries for players and match officials‚ equipment for players and match officials in terms of kit‚ logistics‚ lodging and essentially everything that you’d need to run a cricket tournament‚" he said. "We were told that given the projections we have made in terms of the revenue‚ the leeway that we’ve been given is a R40m loss, and this is just exercising prudence here given that Cricket SA is faced with a difficult four-year financial cycle. "We currently pay for all the production on our products‚ including internationals, so we can keep the production in-house. We have been told by the powe...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.