After Australia and Afghanistan, now the West Indies Cricket Board can also cut staff salaries and expenses. Cricket West Indies (CWI) Chief Ricky Skerritt said – Our cricket board, which is struggling with the economic crisis, has been plunged into the ICU.
In an interview to Guardian Media Sports, Skerrit said, “To overcome the current crisis, we have to cut costs and expenses. It can begin with a pay cut of employees. It is like you went to the doctor for treatment. He was about to give the medicine that you had a heart attack. “
Meeting on 27 May
The board chief said that in December last year, a committee was formed after the 63-page review report of accounting and financial management firm PKF came out. This committee was to assess the economic effects of upcoming international tours and series cancellations or reschedules. Its report is to be presented at the quarterly board meeting to be held on 27 May.
Now the time for cost cutting
This committee had to suggest measures to deal with the emergency situation arising out of the Kovid-19 epidemic. The board chief said that till now we were just trying to save costs. But now it is time to cut it. We have over a hundred professional cricketers. The board has to pay them. This is a big expense.
Tour now difficult
The West Indies were to tour England in June. It has been postponed. South Africa was to visit the West Indies in July-August. Five T20s and 2 Tests were to be played on this tour. Now it looks difficult too. New Zealand was also scheduled to come here in July to play three ODIs and as many T20s. This tour also does not look possible.
Salary cut in Afghanistan
Australia also cut staff salaries. The Australian board will provide 20 per cent of salary to 80 per cent of employees by 30 June. This condition can last till August. Idh, Afghanistan Cricket Board has also decided to cut the salary of its coaching staff by 25 percent four days ago. According to the board, if Zimbabwe does not have a tour of Afghanistan in June, it may have to cut wages by 50 percent. At the moment, the contract players have been given a salary of 3 months.
Meanwhile, the Board of Control for Cricket in India (BCCI) has decided not to cut the salary of its players. A day ago, the treasurer of the board, Arun Dhumal, said that we will overcome the financial crisis. However, it is also true that we can suffer big losses if the IPL is canceled. Whenever a situation like this happens, we start thinking about it (salary cut), but this is the last way.
4 thousand crore loss to the board due to the cancellation of IPL
The Indian Premier League (IPL) has been postponed indefinitely due to coronavirus. If it is canceled, the board will incur a loss of about 4 thousand crores.