WICB forecasts year-end surplus
The West Indies Cricket Board (WICB) is reporting that it is forecasting a surplus for the financial year ending September 30, 2016. Additionally, it is projecting to spend an estimated US$40 million on its development programmes for the year October 1, 2016 to September 30, 2017.
President Dave Cameron has indicated that spending for the upcoming financial year, will include focus on (a) Two A Team Tours; (b) Age group tours and Under-19s preparation to defend the World Championship title in 2018; (c) Women’s team qualification and participation in the World Cup in June 2017 in England and; (d) series to include ODI vs England in Jamaica, October 8 – 19; and India (away series) in November.
The President also added that the number of days for cricket has almost doubled “and all the teams will be busy in the upcoming year.”
Among a number of committee reports which were presented at the regularly scheduled quarterly Board of Directors meeting in Dominica this weekend was from the Audit and Risk Compliance (ARC) Committee, headed by Don Wehby.
That committee reported that all financial statements for the Board have been prepared within the times allotted and have been done in conjunction with its internal and external auditors, Price Waterhouse and KPMG respectively.
The ARC Committee also identified a number of risks, chief among them is the two-year old Professional Cricket League. Subsequently, an internal team has been mandated to assess the PCL with a detailed look at Technical, structural and marketing support for the franchises.
That review should be available in six months to coincide with the end of the 2016/2017 season, due to be completed in March next year.
The Chief Executive Officer, Michael Muirhead also announced at the meeting that “discussed at the Chief Executives meeting this past week in Dubai, that there is a recommendation on the table for some ICC members to pool their commercial and overseas broadcast rights.” The discussion he noted will continue at the ICC members’ meeting in South Africa next month.
A full report from the meeting held in Dominica will be published in other news releases. (windiescricket)
Photo caption: Dave Cameron