watson
Banned
Apparently Channel 9 currently loses $40 million per year televising cricket. If cannot strike a good deal with the Big Bash league does this mean that there is a looming funding crisis for Cricket Australia?
Cricket's revenue problem is all in its timing
It's the news no one at Cricket Australia ever expected to hear.
After raking in riches from commercial television for the past four decades – ever since Kerry Packer bet the family fortune on cricket to fill hours of summer airtime – global investment bank UBS estimates Nine loses $40 million a year televising the sport.
The recommendation from UBS cannot be more blunt. It tells Nine Entertainment Co to go get the rights to "more cricket content at no additional cost", which means bundling in the Big Bash League, or make the tough call and "step away from the cricket contract.".
The thought of a summer without cricket on Nine is anathema to both network and to legions of cricket fans. The sport is part of Nine's DNA and, after 40 years, the dulcet tones of Richie Benaud still end each day's broadcast......
Cricket's revenue problem is all in its timing