NEIL MANTHORP: CSA results sound but funding challenges remain
Smith made no secret at the time of the fact that Cricket SA were in a desperate financial hole and desperately needed the bail out
10 September 2024 - 05:00
There is a great deal to be said for any business which shows a profit of R815m in a calendar year and Cricket SA’s turnaround after losses of R198m and R119m in the preceding two years is worth a round of applause. A very gentle, cautious round of applause. Maybe just an acknowledging nod.
It helped, of course, that last year’s tour by India generated nearly R1bn in television revenue. A full tour by India used to sustain Cricket SA during the fallow years until their next visit; this time it didn’t cover the operating costs for a single year which were R1.16bn...
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