The England and Wales Cricket Board (ECB) has announced a loss of £16.1m in the past financial year as a result of the coronavirus pandemic.
The loss has been transferred to their reserves, which are now £2.2m, down from more than £70m in 2016.
The loss follows a £6.5m profit made in 2019.
Revenue fell by £21m to £207m with the postponed launch of The Hundred cited as one reason, alongside the cost of running bio-secure cricket.
Scott Smith, chief financial officer at the ECB, said: “This has been a challenging year, but by being able to stage international cricket and by taking decisive action early in the pandemic, we have been able to support the network and avoid a far worse financial scenario.
“There remains considerable uncertainty over the year ahead, but we hope that delivering another full summer of cricket – and with crowds…