Copyright smh
“It is disappointing that for yet another year CA is presenting a financial loss, with a balance sheet showing member funds in deficit,” Hepburn said. “It is especially disappointing that since FY2019, CA accounts have shown a significant cumulative loss excluding COVID-related impacts and World Cup revenue. “Despite significant and costly reviews, little financial improvement seems to have yet materialised on the commercial front with sponsorship revenues in decline.” Hepburn added that CV was supportive of how Todd Greenberg had started his tenure as chief executive, including by making significant cuts to staff and funding for various programs – including indoor cricket. “CV is very supportive of the current strategic considerations to reset the BBL competition and strengthen the CA balance sheet,” Hepburn said. “However we believe all other options need to be diligently canvassed before resorting to selling off member assets.”
