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Cricket Australia secure a loan of 50 million USD to cover losses in case of India series getting cancelled

Shortpedia

Content Team
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Cricket Australia (CA) is staring at losing a staggering 300 million AUD in the wake of the pandemic and India’s four-Test tour in December-January could provide relief to the board. In recent development, Cricket Australia has secured a loan of USD 50 million, an upfront payment as part of a larger USD 200 million credit, which will aim to cover the losses of their series against India gets cancelled altogether.