London: England and Wales Cricket Board (ECB) Chief Tom Harrison said that if the cricket is not played in the next season due to the coronavirus epidemic, the ECB could lose more than £ 300 million. Harrison is among the ECB employees who are cutting their wages to help in this crisis.
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In another development, the centrally contracted players of England can reject the proposal of 20 percent reduction in the salary of the ECB. The board is making such a plan to overcome the challenges that have arisen due to the epidemic. The ECB on Tuesday announced a package of 60 million pounds to deal with the current crisis. In a letter to Chevron Cricketers' Union (PCA) Chief Tony Iris, Harrison expressed concern about the long-term effects of the epidemic. In this letter, Harrison claimed that he is cutting his salary by 25 percent for at least the next three months.
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Harrison has written that "This epidemic is the biggest challenge for sports right now, although its complete impact on cricket is not yet known it is clear that it will be very widespread." The ECB's accumulated capital was 730 million pounds in 2016-16, which was reduced to 10 million pounds in 2018-19. In such a situation, if the cricket is not played in this season, then the ECB's financial fund may be affected.