Latest News

CWI facing serious financial difficulties — Skerritt

Monday, April 29, 2019

Print this page Email A Friend!

PORT OF SPAIN, Trinidad (CMC) — 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, has revealed that due to 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.

“We have as a result begun to undertake a financial review and in the meantime, we are continuing to raise funds where the funds can be raised and we think that within the next couple of months or so we should be in a much better position than we are now.”

When asked if consideration was being given for a forensic audit to be done on the handling of finances by the previous administration, the president would only say that a financial review was being done.

“We are doing a financial review but I won't bother to use any terms other than that,” Skerritt noted.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon