A report by EmergingCricket.com said on Sunday that, in a letter from interim president Atul Rai, USA Cricket members were alerted to the “worrisome” current situation of the national governing body.
The report said Rai wrote the letter directly to members for the first time since taking over as interim president of USA Cricket in August.
The letter states that USA Cricket has not paid its staff or players for some time now, and has “over $200,000 pending invoices”.
In his letter, purportedly addressed to a USA Cricket member, Rai said, “It has been almost two months since the 2020 elections were finally completed and I have been appointed interim president of the USA Cricket Board. While I help bring about change.” Extremely important in the system, I am also trying to absorb the challenges that USA Cricket has thrown at me since taking on the new role.”
Detailing the financial issues facing USA Cricket, he said that when he took over he learned that the financial reports for the second quarter ending June 2022 had never been submitted.
“Soon after taking over, we were informed that the Q2 financial report due for the end of June 2022 had never been submitted! In addition, the audited financial report for 2021 which was also due on June 30, was due for several deadlines. The report also required the minutes of the 2021 AGM which was never held! You may recall that the 2020 AGM was held in May 2021!
Rai pointed out that the ICC had suspended funding for the third quarter due to non-compliance.
“As a result, the ICC has suspended our third quarter funding for non-compliance. I was surprised and disappointed to learn that USA Cricket has been missing the submission deadline for quite some time! USA Cricket’s current cash The flow situation is important because we have defaulted on staff salaries and US players’ salaries.
“In addition, there were over USD200K of pending invoices from past non-budgetary expenditures that were overdue, and we plan to pay them, having already paid a significant portion of it. Going forward, calendar and budget It will be published in January and there will be no expenditure outside the budget.”
No comments:
Post a Comment