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Showing posts from February, 2023

Cricket Australia: New Media Rights Deal

Cricket Australia (CA) have signed a new broadcasting deal.  This post covers that deal and provides a follow up to my  post on media rights for the BCCI , ECB & C A The deal is for 7 years, starting in 2024 and is for Auz$1.5bn which is just north of $1.0bn US or £0.8bn.  This is Auz$216m a year compared to the Auz$197m a year under the current 6 year rights package an increase of almost 10%.  However, Australian inflation is currently running at 8% a year and the final payment under the new rights package will be made 13 years after the first payment of the existing deal.  In inflation adjusted terms the deal represents a cut in CA domestic broadcasting revenues, by perhaps as much as 20%. A couple of points that caught my eye.  Firstly the deal includes the Big Bash, but the number of Big Bash games has been reduced, from the current 61 matches to 43.  Clearly franchise cricket is popular and new franchise leagues are springing up around the world, but it remains to be seen how

Warwickshire 2022 Annual Report and Accounts

Warwickshire have released their accounts for the period to 30 September 2022, which are available  here . This post is my analysis of those accounts, a similar post for 2021 is  here .  I always look at Warwickshire's accounts in some detail, largely because I'm a member but also they are one of the first counties to release accounts which provide an insight into the health of English county cricket.  (This insight won't be available for future periods as Warwickshire intend to move their accounting date to 31 December from the current 30 September.) 2022 Summary These are an excellent set of results.  The county made a record profit before tax of £2.9m.  (There was a tax charge for the period but I've excluded it from the chart below as it was an accounting adjustment only, but if Warwickshire make this level of profits in the future they will have tax to pay.) In the past I've always looked at Warwickshire's accounting profit alongside an adjusted measure whi