Will free test matches bankrupt the ECB?

If you believe the ECB, then Cricket in the UK is about to be bankrupted, if they are forced to relinquish their subscription-only deal with Sky.  

Scyld Berry in The Daily Telegraph thinks otherwise.

http://www.telegraph.co.uk/sport/cricket/international/england/6569547/Scyld-Berry-ECB-can-afford-the-return-of-Ashes-cricket-to-terrestrial-television.html