Cricket South Africa (CSA) hosted the senior Indian cricket team for two tests, three ODIs, and three T20Is in December-January.
Profits Galore For Cricket South Africa
The success of the tournament led CSA to make huge profits of US$ 45.6 million for the 2023-24 fiscal year. The figure was announced by the CSA.
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The board also made significant profits from the SA20 league. It bagged US$ 3.02 million as profit from the SA20 league.
CSA registered these profits after incurring losses in the last three reporting periods: 2020-21, 2021-22, and 2022-23, which collectively amounted US$ 30.14 million.
The cricket board’s profits came mostly from the broadcasting rights for the India series and the SA20 league. 54 percent of the CSA’s income was powered by the broadcasting rights.
The profit was also bolstered by CSA’s hosting of the ICC Under-19 Men’s World Cup, which was shifted from Sri Lanka to South Africa. The tournament pumped out a revenue of US$ 3.02 million.
Additionally, Cricket South Africa’s total ICC disbursements for the 2023-24 financial were US$ 31.63 million, which is more than the US$ 16.2 million figure registered in the previous fiscal year.
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Cricket South Africa’s Investment
The South African cricket board recorded major investment during the period. It spent a staggering amount of US$ 1.78 million on women’s cricket.
The board spent another US$ 35.3 million in running professional cricket, including the eight-division 1, seven division 2 domestic men’s teams, and six provincial women’s teams. These expenditures remain Cricket South Africa’s biggest expense.
Also Read: Key Player Return To Squad For Afghanistan Vs South Africa In Upcoming ODI Series
Going Forward…
CSA is poised to enjoy another strong financial year in 2024-25. This is predominantly due to hosting the Indian cricket team for a four-match T20I series later this year. The revenue to be generated from the South Africa vs India T20I series is expected to be US$ 8.38 million per match. Hosting marquee tours is a major source of monetary benefits for cricket boards.
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