Players want more funds for grassroots cricket, from where asks CA

Image
IANS Melbourne
Last Updated : Jun 02 2017 | 5:22 PM IST

In the latest development in the pay dispute saga between the Australian cricketers and the board, Cricket Australia (CA) has asked players from where would come the additional $60 million they have sought for the eed fund for the grassroots cricket.

CA plans to spend $60 million per year to fund the grassroots while Australian Cricketers Association (ACA) has proposed close to $120 million a year. This raises the question, the CA has raised, from where will the additional $60 million come, according to a report in The Age.

ACA has proposed that the additional funds can come by capping the administrative costs at 55 per cent of the revenue or almost $1.5 billion.

"As a result of this set allocation to grassroots, cricket achieves a 'cap' on CA's administrative costs of approximately 55 per cent of revenue... to ensure that cricket in Australia prioritises the right level of investment in grassroots and fair remuneration of all players," the ACA said.

The players say their plan "prioritises the investment in grassroots cricket by protecting 22.5 per cent of these revenues for it, including the creation of an estimated $119 million per year, five-year 'Grassroots Seed Fund' to secure cricket's future"

"It leaves an estimated $1.5 billion (or 55 per cent of these revenues) with CA for cricket administration over and above player payments and protected grassroots investment".

There is a lack of agreement between the players and the board about the projected revenues which will be generated by the game in the next five years.

According to the ACA the CA is set to receive $2.6 billion over the next five years, excluding the Twenty20 World Cup in Australia in 2020. CA will soon officially go to market for new international and domestic television broadcast rights, while a rich deal with an Indian broadcaster will also be made.

"I don't think we'll need to cut anything," an ACA spokesman said.

--IANS

intern/pur/vt

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 02 2017 | 5:10 PM IST

Next Story