Sunday, April 14, 2024

CWI has money woes

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PORT OF SPAIN, Trinidad – The financial situation of Cricket West Indies (CWI) is much worse than previously thought, says newly-elected president Ricky Skerritt.

Skerritt, who took over the post after defeating Dave Cameron in elections on March 24, revealed that because of a  lack of resources, CWI has not been able to honour all of its financial obligations.

He said, however, that the organisation was moving swiftly to address the problem.

“It’s worse than you think. I’m not in a position to speak to numbers, all I can tell you is that we have a significant shortfall in working capital and that is why we have been not up to date with most of our obligations to our creditors,” Skerritt disclosed (CMC)

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