Following two consecutive years of profits, the West Indies Cricket Board expects a loss in excess of US$5 million for the coming financial year. The WICB said: "Revenue from TV rights in 2004/2005 will be approximately 70% less than in 2003/2004."
This "reflected the relative values of the television rights to be earned from a tour by England compared with tours by South African and Pakistan."
It all adds up to a difficult future for West Indies cricket.
The WICB statement admitted: "Profits of the prior two years have been insufficient to wipe out the cumulative losses of US$16 million experienced in the three preceding years.
"We expect to face continuing cash flow challenges during the year."
MMIX
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