MELBOURNE:

Cricket Australia (CA) announced a net deficit of A$11.3 million ($7.34 million) for the 2024-25 financial year on Thursday, with a steep increase in costs offsetting a jump in revenue from hosting the Border-Gavaskar series against powerhouse India.

CA said at its annual general meeting (AGM) total revenue increased by A$49.2 million from the previous year to A$453.7 million, predominantly driven by a new domestic media deal and match revenue from the five-test series against India.

Expenses increased by A$24.1 million, which included marketing costs for the India series and funding 70 extra days of touring for national teams.

However, distributions to CA's member states and territories barely moved, rising by A$800,000 from the previous year to A$120.9 million. Member sta

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