World Series Cricket (WSC), a breakaway competition established by the Australian media proprietor Kerry Packer that operated between 1977 and 1979, was arguably the biggest shock to occur in world cricket. While there is some commentary about the financial cost of WSC, there has been little empirical analysis on the monetary effects of WSC on State Cricket Associations affiliated to the Australian Cricket Board (ACB). Analysis of state cricket association financial reports between 1974 and 1982 shows the substantial negative financial impact of WSC, and a relatively quick recovery through increased post-WSC distributions from the ACB. Non-financial information highlights the initial negative, then positive, feelings between the ACB and WSC.