Cricket Business : Cricket Australia cuts cost by $27.5m, England & Wales Cricket Board pump in $44.71m

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This is a tale of two cricket boards, Cricket Australia (CA) & England & Wales Cricket Board (ECB). Both of them are hit by Covid19, but both are taking different approaches to deal with the issue. Despite of losing minimal cricket, CA is in mode of panic that led to firing of the employees, 80% salary cuts, reduced funds to the state, also possible cuts in the salaries of the national contracted players.  
On the contrary ECB has stayed calm during the crisis and now have announced huge funding to its counties to battle Covid19. Not only this they also are on the verge of starting international cricket with WestIndies tour of England that starts on July 8th. 
England & Wales Cricket Board to release $44.71 million support to cricket counties  
The England and Wales Cricket Board (ECB) on Wednesday approved an additional financial package of 35.7 million pounds ($44.71 million) to support the professional and recreational game which have been hit by the COVID-19 pandemic.
Cricket has been suspended since March and the ECB had initially announced a 61 million-pound aid package to help the game withstand the financial impact of the shutdown which has delayed the start of the English season.
The ECB said 30.2 million pounds would be made available to First-Class Counties (FCCs) and the Marylebone Cricket Club (MCC) in August while 5.5 million pounds will go to County Cricket Boards (CCBs) for the recreational game.
The funds were due to be paid to counties for the inaugural season of The Hundred competition, which was pushed back to 2021 due to the coronavirus outbreak.
“It is the ECB’s responsibility to protect the whole game’s future during the financial uncertainty we face as a sport,” ECB CEO Tom Harrison said in a statement.
“It remains our priority to get cricket started again this summer… and we will continue to work with government to try and do in a way that keeps people safe but that limits the ongoing impact of this crisis on our game.”
England are scheduled to play West Indies in a three-test series from July 8 with all matches to be held behind closed doors.
On the contrary Cricket Australia has cut jobs, has paused international tours, reduced finances to the states

In complete haste, panic and lack of empathy, Cricket Australia’s response to the Covid19 has been completely contrary to the way ECB has dealt with the situation. In CA,  job losses have happened, international tours for the A teams have been paused,  executive have been given pay cuts in the name of streamlining its finances.

As ECB pumped in $44 million into its system, CA has reduced its budget by $27.5m.

Culprit in chief, the CEO of board has already been fired by CA. But that has not halted the cost cutting plans of Cricket Australia. The key points of the CA cost-cutting plan include a reduction of 40 jobs, pausing international tours for Australia A teams, as well as CA XI fixtures and the Fox Cricket National.

The board will also reduce budgets in areas including administration, travel, and marketing and advertising. It is cutting all bonuses for senior management and implementing executive pay reductions.

Eddings said: “We recognise that this is a difficult time for Cricket Australia employees, particularly for those staff members affected by these redundancies and their families. However, our responsibility is clear: to navigate a path for cricket through this period of uncertainty and disruption to ensure we come out the other side sustainable in the short term and prosperous in the long term.”

Also Read: England vs West Indies : ECB announces 30 member squad for the West Indies…

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