Wednesday 10 August 2011

Financial losses mar Zimbabwe's Test return

Join 24/7 Cricket News For More Updates


The return of Zimbabwe cricket was a success on the field, but it will at least "five to ten years" to have the same effect on bank balance table. The Zimbabwe Cricket (ZC) will commit more than U.S. $ 2 million in losses, they return to the format of leading game this summer.

ZC has organized three trips into space for five months, playing a test against each other in Bangladesh, Pakistan and New Zealand, and the highest number of ODIs and Twenty20 matches. "It costs us about $ 1.1 million to host the tour," Ozias Bvute, Zimbabwe Cricket managing director said ESPNcricinfo. "We only earn about $ 200,000 in television rights, even if it is a little 'less in New Zealand, and about $ 150,000 sponsorship." Deficit of around $ 750.000 per turn, consists of loans from local banks, allowing them to pay ZC longer period of time.

Given the pace of cricket is growing in the country, believes it will Bvute until a decade to erase debt, and the ZC to start making a profit. "It's a very vicious circle," said an insider. "We need more sponsorship, but the only way we can do is play and win, and we can not play if we do not money to be shorter. "

Tables of cricket just to earn money when they are hosting and Zimbabwe have fallen, the only hosting in India or in England, leading to victory, because the amount of money that can give the TV rights, but even this is not a choice easy for them. "England has a policy that around Zimbabwe and India have become available very often, so that makes it difficult," says The Insider.

Instead, ZC had to find ways to attract more sponsors from local sources than they do with a bigger market for advertising. "For cricket to be sustainable, we need people to participate," said Bvute. "So now we have both white and black supporters to watch the cricket and watch the games that we can work on creating a product that is financially viable." There are signs this is already happening, with over twenty national competition almost break even, not that "the loss a few minutes of U.S. $ 80 000."

The introduction of the franchise two seasons ago was an essential part of the resuscitation attempt ZC economic, because it allowed the 100 cricketers in the country to earn wages. The ZC provides grants to franchise five to 20 players of each contract, although it is often for small amounts. Another source revealed that one franchise rookie is $ 200-300 per month and that the main players earn about $ 5,000 a month, but the national players can expect to earn more than both central contracts to take effect.

Tatenda Taibu wicketkeeper not raise the issue of national contracts and ZC have said that addressing the situation by awarding contracts to 12 players on the principle of the domestic season, when the franchise came to renegotiate.

The second major concern is the non-payment correspondence, another issue raised by Taibu in his criticism of the administration. "There is a clause in player contracts that says we can pay for the match until 180 days after a trip," said Bvute. Taibu set to match the costs were not paid for a period longer than the prescribed six months, with some players are still waiting for their money in the series in Bangladesh, which was played in December last year. The Council recognizes the problem and Bvute said they "hope to be able to pay our players as soon as we can."

Advertisement



Bookmark and Share This Post :


0 comments:

Post a Comment

Twitter Delicious Facebook Digg Stumbleupon Favorites More