Is England cricket team’s performance in Ashes 2021 like the Lehman moment?

Andrew Miller in this ESPNcrinfo.com article hits hard at England’s Ashes performance. He compares the events to global financial crisis.

Much before 200 crisis, economic outlook was worsening across the world particularly in developed countries. But the spin was all is well and there is nothing to worry. Similarly, decline in English test cricket has been there for a while now but it was never addressed:

As anyone who lived through the 2008 credit crunch will remember, economies are essentially built on confidence. So long as the public has faith in the robustness of the institutions charged with managing their assets, those assets barely need to exist beyond a few 0s and 1s in a digital mainframe for them to be real and lasting indicators of a nation’s wealth.

When doubts begin to beset the system, however, it’s amazing how quickly the rot can take hold. Is this really a Triple-A-rated bond I am holding in my hands, or is it actually a tranche of sub-prime mortgages that are barely fit to line the gerbil cage?

Likewise, is this really the world’s most enduring expression of sporting rivalry taking place in Australia right now, or is it a pointless turkey shoot that exists only to justify the exorbitant sums that TV broadcasters are willing to cough up for the privilege of hosting it… a privilege that, in itself, feeds into the self-same creation myth that keeps the hype ever hyping, and the bubble ever ballooning.

On Tuesday, that bubble finally burst. After weeks of barely suppressed panic behind the scenes, England’s capitulation in Melbourne deserves to be Test cricket’s very own Lehman Brothers moment – the final, full-frontal collapse of an institution so ancient, and previously presumed to be so inviolable, that it may require unprecedented emergency measures to prevent the entire sport from tanking.

Is Ashes hype nothing but a con game? A ponzi scheme?

It feels as though we’ve all been complicit in the long-con here. For 16 years and counting, the Ashes has been sold as the most glorious expression of cricket’s noble traditions, when in fact that self-same biennial obsession has been complicit in shrinking the format’s ambitions to the point where even England’s head coach thinks that a magnificent home-summer schedule is nothing but a warm-up act.

Perhaps it all stems from the reductive ambitions of that never-to-be-forgotten 2005 series, the series upon which most of the modern myth is founded, but which was more of an end than a beginning where English cricket was concerned.

The summer of 2005 marked the end of free-to-air TV in the UK, the end of Richie Benaud as English cricket’s voice of ages, the end of 18 years of Stockholm Syndrome-style subjugation by one of the greatest Test teams ever compiled. If English sport was to be repurposed as a series of nostalgic sighs for long-ago glories, then perhaps only Manchester United’s “Solskjær has won it” moment can top it.

Sixteen years later, what are we left with? 

The dreadfulness of the modern Ashes experience has even bled into this winter’s TV coverage, every bit as hamstrung by greedy decisions taken way above the pay-grade of the troops on the ground. It’s symptomatic of a format whose true essence has been asset-stripped since the rivalry’s heyday two decades ago, with those individual assets being sold back to the paying public at a premium in the interim.

It’s not unlike a Ponzi scheme, in fact – a concept that English cricket became unexpectedly familiar with during a Test match in Antigua back in 2009, when the revelations about the ECB’s old chum, Allen Stanford, caused a run on his bank in St John’s, with queues stretching way further down the road that any stampede to attend a Caribbean Test match of recent vintage.

The warnings about Test cricket’s fragility have been legion for decades. But if England, of all the Test nations, doesn’t remember to care for the format that, through the hype of the Ashes, it pretends to hold most dear, this winter’s experiences have shown that the expertise required to shore up those standards may not be able to survive much more neglect.

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