THE Board of Directors of Cricket South Africa (CSA) on Friday exercised its step-in rights into the affairs of Eastern Province Cricket with immediate effect.
This has been done in terms of the provisions of clause 12.4 of CSA’s Memorandum of Incorporation (MOI).
The Board passed the following resolution:
It is resolved that, given the gravity of the situation in which EP Cricket finds itself, and the potential reputational risk and adverse effects on the administration of the game in this region, the Board recommends that:
CSA exercise its step-in rights in terms of the provisions of clause 12.4 of the MOI.
“The Board is extremely concerned by recent events in Eastern Province Cricket regarding its financial management and the process followed regarding the election of office-bearers at this year’s Annual General Meeting,” commented CSA Board chairman, Chris Nenzani.