Cricket news - ECB reduces 'workforce budget' after financial hit

The ECB is expecting a financial hit of around GBP 200 million due to the coronavirus pandemic

The ECB is expecting a financial hit of around GBP 200 million due to the coronavirus pandemic

In the wake of the Covid-19 situation, Tom Harrison, England and Wales Cricket Board's CEO, said that the board has conducted a thorough review of its structures and budgets in order to reduce 'central costs'. In his statement, Harrison proposed a 20% reduction in the board's workforce budget.

The CEO noted that due to the pandemic, the game of cricket has lost more than GBP 100 million and the financial impact could be in tune of GBP 200 million, if the pandemic continues to disrupt the game next year. He also commended all the stakeholders for the resumption of the game during the summer amidst the constantly evolving pandemic.

"The COVID-19 pandemic has left cricket facing its most significant challenge of the modern era. The game has already lost more than GBP 100m, and the financial impact is likely to be GBP 200m if there is further disruption next year, which many are expecting," Harrison said. "Getting cricket back on this summer - at a recreational, domestic and international level, for both men and women - has been a remarkable achievement by everyone across the game.

"Given this new reality, if we are to safeguard cricket's long-term future and still deliver on the growth ambitions of our Inspiring Generations strategy, it is clear the ECB will need to become a leaner and more agile organisation. Over recent weeks we have thoroughly reviewed the ECB's structures and budgets in order to reduce central costs without compromising on our ambitions. We have now shared with colleagues our Board-approved proposals, which will generate significant savings. Every part of the ECB is affected by these changes, and these savings will only be possible by reducing our headcount.

"These proposals include a 20% reduction in our workforce budget, which will equate to the removal of 62 roles from our structure - a number which is largely made up of existing headcount and a small number of vacant positions. Additionally, we are also proposing further cost savings by changing a number of current posts into flexible working roles. ECB staff have been informed and a collective consultation will begin imminently," he said.