Cricket Australia has signed a loan of $ 50 million to deal with the cancellation of the tour to India.
If India-Australia series did not happen, Cricket Australia will have to take $ 50 million
Melbourne All kinds of sports activities are closed due to Corona epidemic. Meanwhile, Cricket Australia has taken a big step. It has signed a loan of $ 50 million to deal with the cancellation of the forthcoming tour of India. According to a report published in The Sydney Morning Herald, all stakeholders have been informed that for loan with Commonwealth Bank The agreement has been made
The CA's Steering Committee decided to lay off 80 percent of its workforce last month in view of the economic crisis. However, after the approval of the loan easily, questions are being raised on this, along with this, the board had also cut the salary of about 200 employees by 20 percent. CA chief executive Kevin Roberts said the board would not have the money left after August if large-scale cuts were not made.