REUTERSCricket Australia (CA) announced a net deficit of A$11.3 million ($7.34 million) for the 2024-25 financial year on Thursday, with a steep increase in costs offsetting a jump in revenue from hosting the Border-Gavaskar series against powerhouse India. CA said at its annual general meeting (AGM) total revenue increased by A$49.2 million from the previous year to A$453.7 million, predominantly driven by a new domestic media deal and match revenue from the five-test series against India. Expenses increased by A$24.1 million, which included marketing costs for the India series and funding 70 extra days of touring for national teams. Member state Cricket Victoria (CV) condemned CA for the annual loss, saying the governing body had delivered little financial improvement despite significant and costly reviews. He said CA was forecasting a sharp lift in commercial and sponsorship revenue from A$69 million to A$86 million in the coming year.
