Yorkshire face eight-figure losses after the county were suspended from hosting international matches and other major games over their handling of Azeem Rafiq's racism claims.
The England and Wales Cricket Board announced the suspension of Yorkshire's hosting rights 'until it has clearly demonstrated that it can meet the standards expected of an international venue, ECB member and first-class county'.
It is the most significant potential financial hit the county has suffered so far in the crisis, after sponsors deserted the club in droves over the course of Wednesday and Thursday.
Yorkshire earned just under £10.5m from international ticket and hospitality revenue in 2019
Yorkshire's 2019 accounts showed it had earned just under £10.5million from international ticket and hospitality revenue, compared to just over £3m from commercial income which would include sponsorship.
The club had already faced criticism over the length of time it took to complete its investigation into Rafiq's claims of racial harassment and bullying, and that intensified when ESPNCricinfo reported earlier this week on details it said were contained in the final report, which the county have not published.
ESPNCricinfo said the independent panel ruled the repeated use of the P-word towards Rafiq by a team-mate was 'in the context of banter between friends'.
Jon Long, a former head of strategy at the International Cricket Council and now a strategic consultant at marketing and sponsorship company Onside, spoke before the ECB's statement on Thursday evening.
He said the most significant financial hit the county faced was the threat of losing existing or future hosting rights.
Rafiq claimed he experienced racism during his stint at Yorkshire County Cricket Club
'Yorkshire generates more money from sponsorship than a county like Essex or Kent, and the hosting of those international matches is the biggest differential,' Long said.
'If you look at the revenue of the likes of Yorkshire,
