Cricket West Indies (CWI) last month slashed staff and player incomes in half, in an attempt to remain viable amidst mounting financial troubles due to the global novel coronavirus (COVID-19) pandemic.
The board of CWI described the move as a “temporary measure”it “deeply regretted” having to make the cuts, but claimed it was left with little choice “in the face of debilitating economic challenges which have resulted from the impact of the COVID-19 pandemic.”
The measures, adopted following “close consultation with all stakeholders,” will also extend to the funding for territorial boards, territorial board franchises along with the West Indies Players Association (WIPA).
Retainers and allowances for directors and executive management are also being slashed by half.
CWI approved the measures during a meeting held by teleconference on May 25, acting on recommendations put forward by its Financial Strategy Advisory Committee established in April and chaired by Jamaica Cricket Association President Wilford “Billy” Heaven.
The board said it did not envisage the measures lasting beyond “three to six months.”