Prudent decision by ICC to withhold funds - Snedden
The decision of the International Cricket Council to freeze $SUS2.5million of the payout due to New Zealand from the World Cup was "not unreasonable", according to New Zealand Cricket chief executive Martin Snedden
Lynn McConnell
27-Mar-2003
The decision of the International Cricket Council to freeze $SUS2.5million of the payout due to New Zealand from the World Cup was "not unreasonable", according to New Zealand Cricket chief executive Martin Snedden.
He described the ICC action as prudent in the face of contract disputes.
"I am confident that our decision not to play in Nairobi was correct and that our position is sound," he said of New Zealand's refusal to play the preliminary round match against Kenya.
"Given the extent of the claims the ICC may face from Global Cricket Corporation it is not unreasonable for the ICC to hold monies payable to NZC, India, England and Sri Lanka until those claims have been resolved.
"Obviously, if NZC ultimately receives less money than expected from the World Cup, this would have some effect on our cricket programmes, but it will be some time before the financial effects are determined," he said.