NZC's net surplus for this financial year is around $23.7 million © Getty Images (representational image)
NZC’s net surplus for this financial year is around $23.7 million © Getty Images (representational image)

New Zealand Cricket (NZC) has announced its annual earnings for financial year 2014-15. Their net surplus this year is around $23.7 million. The annual returns were divulged by New Zealand Cricket’s CEO Dave White after a meeting today in the country’s capital Wellington. White lauded all those who helped in bringing to New Zealand Cricket such high profits. The profits were made both through earnings by hosting matches and by other activities as well. However, White cautioned that due to International Cricket Council’s (ICC) funding model, NZC may face tough financial times in the coming years. There might be a loss of approximately $5 million in financial year 2015-16. READ: New Zealand Cricket chief summoned as witness in Chris Cairns perjury trial

White was quoted by ESPNcricinfo saying, “The 2015-16 surplus is critical for NZC in terms of our long-term viability, especially with the next two of three years promising to be financially demanding. Having said that, I’m delighted to report that NZC has achieved, or is in the process of achieving all our Cricket World Cup legacy goals, including improving the playing infrastructure, growing attendances and viewership numbers, and improving participation numbers – especially at junior level.” READ: New Zealand Cricket open to hosting day-night Tests, but only after examining success

Meanwhile, Stuart Heal (NZC chairman) said, “Seldom has cricket in New Zealand been celebrated in the way it has over the past twelve months. In reaching the Cricket World Cup final – and soaring up the Test and ODI rankings, the BLACKCAPS helped lift the profile of cricket to unprecedented heights, and create for us an excellent springboard into the future. We are noticing a profound upturn in interest in cricket. ‘The WHITE FERNS’ success in winning crucial Women’s World Championship points against England, India, and more recently Sri Lanka, has only reaffirmed cricket as a game for all New Zealanders.”