Skip to main content

ECB announce financial aid following Covid-19 crisis

Picture
The ECB chief executive Tom Harrison has labelled the current covid-19 crisis "the biggest challenge the ECB have faced in the history of the game in the modern era" while announcing a financial aid package worth 61 million pounds to help support all levels of cricket in England.

An ECB Board meeting on Tuesday (March 31) approved the package which Harrison said was designed to address the short term issues being felt across both the professional and recreational levels of the game in order to simply "keep the lights on". He did not rule out further measures as the crisis unfolds.

"We are aware the effects will be long standing and they will be very significant on us," Harrison said. "We are trying to work around the clock to understand that impact and take some short term steps to help counties and recreational cubs to get through the immediate impact.

"Right now we are addressing the short term and addressing it aggressively as we feel we can. There will be more pain ahead if we lose a substantial portion of the season. We are building scenarios where we can take further steps as needed. We don't think this will be the end of it."

Any future support will depend on how the season is ultimately affected. Already the ECB have ruled out any cricket being played until at least May 28 and they are working on scenarios for beginning the season in June, July or August as well as modelling out the impacts of a season where no cricket is played at all.

"All scenarios are on the table," Harrison said. "We will have to take a view on what is possible. The scenarios are being debated at length. We will put safety of players and those working in the game at the heart." These options include playing matches behind closed doors in "biosecure environments".
@ Cricket Betting Tips Free
A difficult decision may have to be made about The Hundred. Although Harrison confirmed no decisions had yet been made, he gave a strong indication that existing county competitions, such as the T20 Blast, would be prioritised to serve the game's current, core following.

"You should be careful about your priorities in terms of serving your core audience," he said. "It is at times like this when you go back to what it really important. We are going to have county fans who won't have seen any cricket, players who we don't want sitting around, we want them out playing cricket as soon as we can. All of our decisions are based on those factors."

The initial financial package includes expediated payment of 40 million pounds worth of planned budget distributions to the 18 first-class counties and the county cricket boards. This money was set to be paid out over the course of the 2020/21 budget cycle but will now be paid out immediately to assist clubs with cash flow and revenue issues caused by the current crisis.

The 40 million pounds includes the early release of three months' county partnership distributions to the counties and cricket boards, worth about 20 million pounds, the immediate availability of two years' facilities maintenance distributions - with those funds not having to be spent on facilities - and 5.5 million pounds paid to counties who were not eligible for the facilities maintenance distributions during the 2020/21 cycle.

In addition, the staging fees for international games, paid to the ECB by those counties which host England matches, have been suspended for four months and those payable in 2020 will be waived if the game is not played as scheduled because of Coronavirus.

A condition of the financial package is that all the counties must explore and take advantage of the support for businesses on offer from the government. Harrison confirmed the ECB will also take advantage of government schemes where they are eligible.

The ECB are not seeking pay cuts from England's centrally contracted men's or women's players although Harrison did confirm he will be taking a pay cut himself. A general review of the ECB's cost base is being undertaken to identify any savings that can be made. Proposals will be taken to the Board in the coming days.

Harrison would not be drawn on whether the contractual terms of the five year 1.1 billion pounds broadcast deal with Sky included provisions for this sort of interruption to the schedule and what, if any, impact that might have on the money the ECB receive. Any significant reduction in that revenue would have a potentially severe impact on the ECB's finances and that of the game as a whole.

"The contracts are confidential and they need to remain so," Harrison said. "This comes down to relationships and we have very good ones so we are sitting down and working out how to get through it together. We are taking that approach with broadcasters and commercial partners."

The package announced on Tuesday also contains support for the recreational game to the tune of 20 million pounds. A cricket club support loan scheme will be set up by the ECB, there will be grants through the "Return to Cricket" scheme and a 12 mont​h loan repayment holiday for recreational clubs will be implemented.


source https://www.cricketbettingtipsfree.net/cricket-betting-tips/ecb-announce-financial-aid-following-covid-19-crisis

Comments

Popular posts from this blog

Diamondexch Online Betting Id

WWW.DIAMONDEXCH.COM ONLINE SPORT BETTING AND LIVE CASINO ACCOUNT FRIENDS AB AAP CRICKET BETTING KE SATH LIVE CASINO - LIVE TEEN PATTI - WORLI MATKA -BINARY AUR SLOT GAME ME BHI BET KAR SATKE HO EK HEI WEBSITE ME ALL BET HOGI SAME COIN AAP SABHI JAGAPE USED KAR SAKTE HO ACCOUNT OPEN MINIMUM 5,000 INR MINIMUM WITHDRAWAL 5,000 INR IN YOU WIN TODAY WITHRO AMOUNT TOMORROW AMOUNT DEPOSIT ANY TIME ANY MORE INFO AND OPEN YOUR ACCOUNT CALL US ON 09033229292 - 11.00 AM TO 4.00 PM ​​ WWW.ONLINEBETTINGID.COM source https://www.cricketbettingtipsfree.net/cricket-betting-tips/diamondexch-online-betting-id

The restless rankle

Minutes after Virat Kohli had skied a catch into a diving Kyle Jamieson's hands at third man, he disappeared into the nets located at the back of the Bay Oval. There he would stay for the next 40 minutes or so, focusing purely on getting bat to ball. He'd in fact not even take any of his gear off upon getting back to the dressing-room and only stopped to have a quick chat with two senior support staff members. He'd just played one of the more untoward ODI innings of his career. It started with a bunch of plays and misses, where he kept poking his bat at deliveries outside his off-stump. That is before he jumped out to Tim Southee and uncharacteristically cross-batted a length delivery for six. Then came the innocuous poke of doom off Hamish Bennett. Cricket Betting Tips The Indian captain had come into the match having scored a single half-century in six white-ball innings on tour. This was Kohli showing that even the best in the world can get anxious, if not desp...