Windies misused money: Holding BCCI UNLIKELY TO FILL VACANT CFO POSITION
London, May 20: Fast bowling great Michael Holding has alleged misuse of half a million US dollars that BCCI donated to Cricket West Indies besides raising serious questions on the financial management of the game's governing body in the island nations.
On a YouTube show, Holding displayed the audit report of Pannell Kerr Foster (PKF) on cricket governance in the Caribbean and raised several red flags. He also touched upon the donation CWI received from the Indian cricket board (BCCI) for the benefit of its former players.
“Way back in 2013-2014, the BCCI donated half a million US dollars specifically to go to past players. I am a past player, not that I want any of it but I know a lot of past players, I have never heard that not even one cent out of that half a million going to any past player.
“I am absolute sure if they (CWI) had done that, they would have made a big hullabaloo about it. Where is that half a million dollars? I will tell the viewers very soon,” said the 66year-old.
With the audit report in his hands, the legendary Jamaican questioned why it has not gone public.
New Delhi, May 20: The Indian cricket board is unlikely to hire a new Chief Financial Officer (CFO) even though Santosh Rangnekar resigned six months back.
While BCCI CEO Rahul Johri was asked to take back his resignation and continue till the end of his tenure (2021), it is learnt that the top brass feels there is no immediate requirement of a CFO.
“The BCCI is unlikely to recruit a CFO any time soon. If you read the new constitution carefully, there is a mandatory provision for a Chief Executive Officer but there is no mention that you need to have a CFO,” a senior BCCI official privy to the development said.
It was Committee of Administrators which had recruited Rangnekar and the move was seen as a deliberate ploy to undermine the then treasurer’s authority. Once the BCCI had the democratic set up back in place and powers of treasurer restored, the post of CFO became redundant.