Inside CSA’s R440m black hole | Financial Mail

Vast financial figures have become so commonplace in contemporary sport as to be virtually meaningless. So when you see that Cricket South Africa (CSA) posted a R440.6m loss in the past financial year, it’s tempting to switch off.

Only, we should care — not least because the situation is “far worse” than the meltdown of 2018/2019, says Andrew Breetzke, CEO of the South African Cricketers’ Association, the players’ union. “It’s worse because the international landscape six years later is markedly different. Broadcast rights revenues are down. That’s why the West Indies is cutting player salaries by 25% and England has raffled off Hundred franchises to Indian owners. Boards are tightening their belts.”