Currency Converter

Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).

From:
To:
 

SBD Global/September 13, 2012/Leagues and Governing Bodies

Hosting Deficits Send Cricket Wellington's Budget Sliding

New Zealand's Cricket Wellington is set to announce a "hefty deficit" that Chair Peter Garty and CEO Peter Clinton attributed to "overly optimitistic hopsitality forecasting," according to Hamish Bidwell of the DOMINION POST. CW posted an almost $70,000 loss in the previous financial year, and this year's deficit is expected to be "six figures." Clinton said the hospitality projections were "set in the last quarter of last year." Clinton: "We are over forecast." Garty: "Way over forecast." The setbacks were incurred at the New Zealand-South Africa test match at the Basin Reserve in March and, "to a lesser extent," the Twenty20 and one-day matches between the teams at Westpac Stadium the previous month. CW expected hospitality marquees to "dot the Basin Reserve," but few did, "hence the loss." Clinton said the challenge now was to "cut our cloth to fit." Staff restructures have occurred, with several part-time summer staff "not rehired this year" (DOMINION POST, 9/11).
Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug