Cricket Australia (CA) has reported a financial deficit of AUD 11.3 million (approximately USD 7.3 million) for the 2024–25 fiscal year, despite a significant rise in overall revenue driven by the high-profile Border–Gavaskar Trophy series against India. The figures were disclosed during CA’s annual general meeting held on Thursday.
Revenue Growth Offset by Rising Expenditure
According to the financial report, total revenue climbed to AUD 453.7 million, representing an increase of nearly AUD 49 million compared with the previous year. This growth was largely attributed to a lucrative domestic broadcast deal and the success of the five-Test series between Australia and India, which generated substantial ticket sales and sponsorship income.
However, this positive trend was overshadowed by escalating costs. Expenditure rose by AUD 24.1 million, with major outlays including enhanced marketing campaigns for the India series, additional international tours for the national teams, and expanded grassroots development programmes. Distributions to member states also rose modestly to AUD 120.9 million.
Criticism and Financial Concerns
The deficit has provoked concern among several state associations, notably Cricket Victoria, whose chairman Ross Hepburn criticised the governing body’s fiscal management.
“Excluding the impacts of COVID-19 and the World Cup revenue since 2019, Cricket Australia’s accounts have shown a deficit every year,” Hepburn said, urging greater financial discipline and transparency.
Optimism for the Year Ahead
In contrast, CA Chief Executive Todd Greenberg struck a more positive note, predicting a strong rebound in 2025–26.
“With next year’s Ashes series against England and a white-ball series against India on the horizon, we expect a substantial improvement in financial performance,” Greenberg said. “These fixtures are among the most commercially valuable in world cricket and will help stabilise our long-term outlook.”
Future Plans and Challenges
To strengthen its financial position, CA is exploring the option of private investment in the Big Bash League (BBL) — a move aimed at enhancing the competition’s global appeal and financial viability. However, the proposal faces resistance from several member states concerned about governance and control.
Financial Summary at a Glance
| Item | 2024–25 Figure | Year-on-Year Change | Key Drivers |
|---|---|---|---|
| Total Revenue | AUD 453.7 million | +AUD 49 million | Media rights, India Test series |
| Total Expenditure | Not disclosed (↑ by AUD 24.1m) | Higher marketing & tour costs | India series promotions, player travel |
| Funds to States | AUD 120.9 million | Slight increase | Ongoing support for domestic cricket |
| Net Result | Deficit: AUD 11.3 million | Continued shortfall | Rising operational expenses |
Despite the short-term loss, Cricket Australia remains optimistic that next season’s marquee fixtures will restore profitability and reinforce its status as one of the most commercially powerful boards in international cricket.