The ECB held a meeting with 18 first-class counties and the county boards on Wednesday, where it informed that it expects a minimum shortfall of 106m in the current fiscal.
The government on Friday hardened lockdown restrictions in Greater Manchester and other areas in northern England after a spike in coronavirus cases.
The fixtures of the Bob Willis Trophy were released on Friday with all 18 First-Class Counties (FCCs) set to be in action when the one-off red-ball competition begins on August 1.
The announcement from the ECB comes even though as many as ten Pakistan players tested positive for COVID-19.
Many of these tournaments would require rescheduling, which logistically could make it difficult for clubs to arrange other cricket, and the health and safety of everyone involved in the game has been our priority throughout this period, said the cricket board.
The ECB has been trying to convince both the BCCI and the Cricket South Africa to agree to play a tri-series later this year but nothing has been finalised as yet.
The three Tests between hosts England and the West Indies next month will mark the resumption of international cricket, which was suspended in March in the wake of the coronavirus outbreak.
Many cricketers across the global sports community, including former England cricketer Michael Carberry and current pacer James Anderson, have come out in open and talked about racism prevalent in the sport.
The three-match Test series between England and West Indies, scheduled to be played next month, will mark the resumption of international cricket.
Indian women's team were supposed to play a bilateral series comprising three ODIs and three T20Is against England which remains postponed for the time being.
The series against West Indies is scheduled to start on July 8, subject to UK government clearance.
England are set to play a home series against the West Indies in a bio-secure environment starting July 8. A 25-member Caribbean team will be arriving in chartered flights for the three-match Test series next Tuesday.
Currently, a like-for-like replacement can be made in a cricket match only when a player suffers from a concussion. For all other injuries and illnesses, a substitute fielder may be permitted, but that player cannot bat or bowl.
If ECB acquires the clearance from UK government, the Test cricket will return on July 8 with England hosting West Indies at the Ageas Bowl.
This comes after the England and Wales Cricket Board (ECB) last week announced that no domestic cricket activities will take place in the country till August 1.
The ICC Cricket Committee has already recommended banning the use of saliva to shine the ball.
The ECB has delayed the start of domestic cricket by another month, meaning that there will be no domestic action in England till August 1.
England had a watershed season last year, featuring a World Cup win and a dramatic Ashes series victory and Farbrace said it is important to cash in on that moment and resume sport even if it means without fans.
All cricketing activities in England have been suspended since mid-March due to the outbreak of novel coronavirus. And the ECB has already said that all professional cricket activities will remain suspended until July 1.
The Hundred was delayed to the next year due to the outbreak of coronavirus.
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