Underlining that Cricket West Indies (CWI) has been in a cash flow crisis on a recurring basis, a November 2019 review by financial consultants PKF has also homed in on poor governance by the board and questionable monetary transactions while recommending a series of changes to enable accountability and transparency.
CWI has not said much about the PKF report entitled `Business Situation Assessment and Financial Review – 2019’ outside of a reference to it at its December 5th-6th 2019 meeting in St Maarten.
In a release on that meeting, CWI said that the “high-level review reported in great detail on CWI’s challenging financial landscape, and its endemic cash-flow crisis. Following careful investigation and analysis, it made pragmatic recommendations related to Presidential office accountability and `chain of command’ realignment, Board oversight, procurement system implementation, and the need for improved cash management and cost control. The report also identified concerns related to the current model for compensating member territories”.
