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Sport

Cricket South Africa reports R440m loss but stays 'very confident' on 2027 World Cup

Cricket South Africa recorded a R440.6 million loss for 2025/26 at its AGM in Johannesburg, blaming thin home fixtures and a strong rand — while insisting 2027 World Cup preparations are on track.

By Tom Ellery · · 1 min read

Cricket South Africa (CSA) reported a net loss of R440.6 million for the 2025/26 financial year at the conclusion of its Annual General Meeting in Johannesburg on Saturday, while insisting the country remains firmly on track to host the 2027 Cricket World Cup.

The organisation blamed the shortfall on the absence of major incoming international tours — the Proteas men played only three home T20 Internationals last season — a stronger rand that cut into foreign earnings, and spending on preparations for next year’s World Cup. CSA said it had forecast the loss in advance.

President Rihan Richards struck an upbeat note on the World Cup. “We are very confident that the World Cup in 2027 will be a big success,” he said, adding that a separate company had been created to run the hosting process independently of CSA’s day-to-day operations. More than R300 million has already been committed to stadium upgrades, with South Africa contributing eight of the 12 host cities for the tournament, co-hosted with Zimbabwe and Namibia and scheduled for October 4 to November 21, 2027.

Chief financial officer Tjaart van der Walt warned that 2027 is also budgeted as a loss-making year, despite a busier inbound calendar featuring Australia and England, because of an even stronger rand. CSA expects a material turnaround in the financial year ending April 2028, when World Cup revenue lands.

The loss closes a four-year financial cycle in which CSA recorded cumulative revenue of R4.836 billion and a net profit of R492.9 million.

Sources

More on this topic: all Sport stories

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