He rejected fears that women’s cricket will be disproportionately affected. “We’ve been really careful to try to protect our investment in women’s cricket,” he said.
Like all states, CV depends heavily on funding from Cricket Australia, now to be slashed. “We support the steps CA is taking to protect the game and we accept the need to take the funding cut,” said Ingleton.
CV’s other income comes from ticket sales, membership of its BBL clubs and hiring out its Junction Oval facilities. All have been hit hard. But contrary to suggestions, the Stars and Renegades are not a drain. “Both clubs are profitable in their own right,” said Ingleton. “Really, they’ve become core business for us.”
With their input, CV had hoped to turn around losses in the last two years. But since the season ended, both clubs have lost their major sponsors, and the Renegades lost another lesser sponsor, too. In the stressed economic environment, they will be hard to replace, which Ingleton said was why CV had taken such a conservative outlook on its finances.
“We’re cutting our costs to enable us to preserve the organisation,” said Ingleton. “This year, we’re on track to getting the business model right. We have a strong balance sheet, and we want to preserve that, and make sure we have a strong financial position coming out of this crisis.
“But it hasn’t been easy, and I can understand the outcry that it’s created.”