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WICB nets profit for 2013-14 - Cameron

Published:Wednesday | June 11, 2014 | 12:00 AM
WICB President Dave Cameron - FILE

Jermaine Lannaman, Gleaner Writer

President of the West Indies Cricket Board (WICB), Whycliffe 'Dave' Cameron, is expecting a financial surplus for the 2013-2014 financial year.

This, he highlighted, after initially projecting a loss based on the achievements of last year.

"Last year, this time, we had a deficit of approximately US$6 million and projected another year of losses," said Cameron, while addressing the 12th WICB/West Indies Players Association (WIPA) awards ceremony in Kingston last Thursday.

"I am happy to report that we are seeing a surplus for the year 2013/2014.

"This has come because we have been creative in the relationships we have," he added.

The Jamaican, who last year replaced St Lucia's Dr Julian Hunte as president, also outlined that given the change of their financial status he was looking forward to an "increase in earnings" over an extended period.

Cameron's utterances come after years of reported losses by the WICB.

change in financials

The change in financials is believed to have come as a result of Cameron's new administration being able to successfully negotiate agreements over the past year.

Top among these is a reciprocal Test series featuring India, the latter of which was in the lucrative cricket market of India. The opportunity, he said, came as a result of Indian great Sachin Tendulkar playing his final Test.

It is also believed that the Caribbean's hosting of a tri-nation series, involving India and Sri Lanka, also brought benefits to the board, along with the first staging of the Caribbean Premier League Twenty20 tournament last year.

Cameron, in the meantime, also used the awards ceremony to highlight the board's recent launch of a West Indies Retired Players Association.

He said the governing body has had "a successful launch of the Retired Players (Association)", and "these retired players would have contributed significantly to the development of the game.

"We celebrate the rich legacy they have, as a key role of the foundation is to make the connection to the current and upcoming players in the most efficient and appropriate ways," Cameron outlined.