Aidan11 wrote:There's also WWIII to consider.
Arthur Crabtree wrote:Don't sporting bodies insure themselves against this sort of stuff?
I doubt anyone can stop cricket going on in the event of the death of the head of state.
ECB reserves are also at record levels of £73m - justified by fears that a Royal funeral could potentially cause heavy losses in a future summer - even though county debts caused primarily by ground expansion are more than twice that figure.
bhaveshgor wrote:
TBH it really sounds like ECB have responded to the counties claims of why the Reserves are high.
ECB are really clutching are straws to get a reason for the high reserve figure.
TBH if BCCI can write of WICB debt surely ECB got enough clout to persuade Sky and the other board effect to postpone the games to a later date.
it really sounds like this is ECB justification at the 70M reserve figure.
bhaveshgor wrote:They don't need 70M though considering 30-40M is enough to cover for a rainy day.
For one ECB are insured if the broadcasting partnership fails and if anything they already got the money for this broadcast cycle so won't actually lose any money on it, the only issue would be finding a new tv partner but then again they do have BT sports so shouldn't be too difficult to find a tv partner.
Also the fact is WICB pullout of the india tour cost BCCI 34M pounds was 50M US dollars.
So you would think the value for an england home tour figure to be lower considering TV rights deals, Sponsorships, everything is lower than what an India series is worth.
So essentially a cancellation of a tour would be worth around what 20-30M pounds.
So why do ECB have 40-50M pound extra in the reserves at a time where all the counties are struggling financially.
Making_Splinters wrote:Not all the counties are struggling, if anything county finances can be a bit difficult to unpick. Take us for example, we have a large debt on the books due to completely redeveloping the ground but we made a just under £800,000 profit last year. It would be superficial to say because we're in £13,000,000 of debt that we are struggling, but actually, there is no danger of us not making our payments in the future on it unless something truly bizarre happens.
Counties that are truly struggling tend to stem from historic mismanagement and biting off far more than they can chew. Yes some of that is down to the ECBs slightly exaggerated promotion of the profits netted from international cricket, but just handing Counties a load of money wouldn't solve the bigger issues that are underlying what is going on.
The ECB may have a large reserve, but if they handed that out as life-rafts then it would vanish pretty damn quick and the Counties would be back in the same position in a few years.
westoelad wrote:Making_Splinters wrote:Not all the counties are struggling, if anything county finances can be a bit difficult to unpick. Take us for example, we have a large debt on the books due to completely redeveloping the ground but we made a just under £800,000 profit last year. It would be superficial to say because we're in £13,000,000 of debt that we are struggling, but actually, there is no danger of us not making our payments in the future on it unless something truly bizarre happens.
Counties that are truly struggling tend to stem from historic mismanagement and biting off far more than they can chew. Yes some of that is down to the ECBs slightly exaggerated promotion of the profits netted from international cricket, but just handing Counties a load of money wouldn't solve the bigger issues that are underlying what is going on.
The ECB may have a large reserve, but if they handed that out as life-rafts then it would vanish pretty damn quick and the Counties would be back in the same position in a few years.
M/S. Do Lancs still generate a lot of winter income from corporate hospitality overflow
from Man Utd?
Making_Splinters wrote:Not all the counties are struggling, if anything county finances can be a bit difficult to unpick. Take us for example, we have a large debt on the books due to completely redeveloping the ground but we made a just under £800,000 profit last year. It would be superficial to say because we're in £13,000,000 of debt that we are struggling, but actually, there is no danger of us not making our payments in the future on it unless something truly bizarre happens.
Counties that are truly struggling tend to stem from historic mismanagement and biting off far more than they can chew. Yes some of that is down to the ECBs slightly exaggerated promotion of the profits netted from international cricket, but just handing Counties a load of money wouldn't solve the bigger issues that are underlying what is going on
Users browsing this forum: No registered users and 61 guests