Cricket Australia and the Australian Cricketers’ Association have agreed to defer the contentious revenue forecast model. The forecast model had threatened to further deteriorate the strained relationship between the players and governing body.
Cricket Australia has confirmed the development in a Press statement. “The parties have agreed to postpone the Australian Cricket Revenue projection until such time they are better able to assess the financial impact of the pandemic and calculate a clear projection for the year ahead. We would like to thank the ACA for the constructive manner in which they have engaged in discussions in what has been a challenging time for the game,” read the statement.
CA thanked the ACA for the “constructive manner” in the way they approached discussions in a “challenging time for the game”. The ACA welcomed what it described as a “reset” of the revenue forecast made in June by Cricket Australia (CA).
CA, under the Memorandum of Understanding signed with the ACA, had to provide revenue projections by the end of April, which was then delayed by a month in wake of the COVID-19 pandemic.
The CA and the ACA have in the latest understanding decided to defer the projection to a more viable date during the financial year.
“The Australian Cricket Revenue (ACR) will be reassessed in due course, providing time to better assess the financial impact of the pandemic and calculate a clear projection for the year ahead,” the statement added.