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Showing posts from September, 2020

ECB 2019 - 2020 Financial Statements

This is a post on the ECB's financial statements for the year to 31 January 2020.  Previous posts on the ECB's accounts are   2017    2018 2019   The Mystery of the W orld Cup Payments  The 2020 accounts show a profit for the period of £6.9m.  This is disappointing, for a year that included an England World cup and an ashes series.  You'd expect a substantial surplus to fund other, less profitable, years.  But the strategic report for 2020 provides a (partial) explanation for the lack luster performance. " The group's administrative expenditure at £164m was an increase of £22m as compared to the prior year at £142m, the increase was largely due to the £1m paid to each of the Counties in respect of CWC 19. " That's a pretty good reason isn't it?  The ECB has distributed a share of its revenues from the cricket world cup to the first class counties, explaining the low profit for the period.  It's such a good reason the ECB have used it twice.  The 2