Close watch on Sth Canty Cricket finances

STU PIDDINGTON
Last updated 05:00 11/04/2014

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South Canterbury Cricket chairman Andrew McRae is aware his board will need to keep a close eye its finances.

While the Canterbury Cricket Association decided not impose a levy on players, including in sub associations, it is not all good news for South Canterbury.

Canterbury still needs to address a funding shortfall and needs to replenish its reserves.

The Canterbury association needs to raise its near-empty cash reserves up to $400,000 by July 2017, after the increased costs of the development of Hagley Oval and the Environment Court hearing last year drained the its reserves.

The implications of the no levy decision is likely to mean a reduction in funding to South Canterbury Cricket.

"It will require us to identify additional revenue opportunities for cost savings," he said. "The South Canterbury Cricket Board will meet shortly to discuss the implications going forward."

Also on the agenda is the the status of the proposed joint chief executive with the South Canterbury Rugby Union, which has been in limbo since Tony Lewis made a sudden departure in October last year to the Tasman Rugby Union.

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- The Timaru Herald

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