Port Of Spain – The financial health of Cricket West Indies (CWI) has been described by its president Ricky Skerritt as being in the Intensive Care Unit (ICU) due to the impact of the novel coronavirus (COVID-19) pandemic which has prevented competition in the sport.
“This crisis has put our already poor financial state into ICU. It is like going to the doctor with an illness, and as he is about to prescribe the medication you get a stroke,” he said in an interview with Guardian Media Sports.
Skerritt said there would have to be some cost-cutting, and a committee set up after a 63-page financial review report by accounting and financial management consulting firm, PKF was presented to the board last December, would be making recommendations on how to come out of the crisis and thrive financially. The PKF report made 26 recommendations.
“What this committee will do is to look at that and also look at the emergency situation that this COVID-19 pandemic has thrown us into and recommend what can be done,” the CWI boss said. (CMC)
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