BCA owed $4 million

THE Barbados Cricket Association (BCA) is owed more than $4.3 million by Kensington Development Corporation (KDC).
The debt by KDC to the BCA dates back three years and stems from an agreed rental fee between the two entities.
BCA members were updated on the development in the 2012-13 annual report – a copy of which was obtained by the WEEKEND NATION – that was received at the 79th annual general meeting last Thursday at the Lloyd Erskine Sandiford Centre.
The money due by KDC to the BCA is for the periods 2010-2011, 2011-2012 and 2012-2013 and amounts to $4 391 775, according to the BCA’s balance sheet.
Chairman of the BCA’s investment committee, Conde Riley, touched on the matter in his report for the period ending March 31, 2013.(HG)