Governance row continues to plague Australian board
Earl Eddings resigned on October 13 after losing support from New South Wales and other states
Australian cricket remains torn by governance feuds three years after “Sandpaper-gate”, with the country’s most powerful state demanding further board changes a day after President Earl Eddings resigned.
Cricket New South Wales chairman John Knox has targeted Cricket Australia board, saying member states do not have enough say in how the game unfolds, while criticizing the role and pay Of the president.
“It is crucial that the shareholders and the board of directors of Cricket Australia work closely together over the next few months to learn from the lessons of the past and put in place the changes necessary to ensure the success of our great game,” said Knox at CA’s Annual General Meeting. see you on October 14.
Eddings resigned on October 13 after losing support from NSW and other states, rather than fail in his bid for re-election at the AGM.
Administrator Richard Freudenstein has been appointed interim Chairman of the Board.
A scathing examination of Australian cricket culture in the wake of the ball tampering scandal in Newlands has sparked upheaval in CA’s management ranks.
President David Peever has resigned while Director Mark Taylor and other senior executives also left their posts, but their successors have failed to contain growing member dissatisfaction during a difficult time caused by the COVID pandemic. 19.
CA said revenue increased 6% to A $ 414.7 million ($ 306.38 million) in fiscal year 2020/21 after the launch of the lucrative four-test tour of the India.
However, the board posted a deficit of A $ 151,000, calling it a “significant unfavorable variation” from its budgeting over a four-year cycle.
The tours of India and England for the Ashes generate the lion’s share of Australian cricket revenue every cycle.
CA, which cut dozens of employees last year amid the fallout from the pandemic, said it saved A $ 54 million in ‘efficiency’ but had to spend A $ 23 million in additional costs related to COVID to ensure the safety of the game.
Revenues were affected by the cancellation of some international matches and attendance caps.
CA plans to appoint a replacement chairman in the short term, but Knox said the board needs to rethink the duties and compensation for the role, which local media reported at A $ 250,000 ($ 185,000) per year.
“It is very unusual in any business or sporting environment for the president of an organization to be paid such a large multiple of what other directors are paid,” Knox said.
Freudenstein said the presidency is different from other sports and the salary is justified because of the “international aspect” of the role.
($ 1 = 1.3535 Australian dollar)