The board of directors of Cricket South Africa has exercised step-in rights at the Western Province Cricket Association.

Cricket South Africa’s management team have been granted the mandate to appoint an administrator to take over the governance and financial affairs of WPCA until all these functions have been placed on a satisfactory footing.

This has been done in terms of clauses 12.3 and 12.4 of CSA’s memorandum of incorporation.

According to CSA, the WPCA board were conducting business under distressed conditions in relation to, among others, administration, governance and financial affairs.

CSA have suspend the WPCA board and appointed professor Andre Odendaal administrator. Odendaal is a former WPCA chief executive officer.

‘Professor Odendaal will present monthly progress reports to CSA during the step-in period, which starts with immediate effect,’ said CSA president and board chairman Chris Nenzani.

‘CSA will exercise its rights until such time that it is reasonably of the opinion that the WPCA administrative and financial affairs are being conducted according to best practice.

‘And that the association can assure equity partners and stakeholders that projects currently underway will unfold as planned.’

Earlier this year, the WPCA announced a partnership with financial services group Sanlam to build four new offices at Newlands. The offices will be leased, with Varsity College earmarked for one of the buildings.

The development, which has started, will cost approximately R750 million. Sanlam and the WPCA will reportedly cover 51 and 49 percent of the costs, respectively.

‘CSA’s suspension decision is directly related to the WPCA’s ongoing building project at Newlands. We have plans to deal with this over the next two or three weeks,’ WPCA chief executive officer Nabeal Dien told Club Cricket SA.

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