CEO gave Cricket Ireland €100,000 loan at 'stressful' time
The CEO of Cricket Ireland has said a €100,000 short-term loan he gave to his employer came at a "very stressful" time for the organisation.
Warren Deutrom, who has been chief executive of Cricket Ireland since 2006, said the senior management team agreed to defer their salaries for a week last year to help alleviate the cash-flow crisis.
Please log in or register with Independent.ie for free access to this article.
He loaned the organisation €100,000 last October 17 so staff and some creditors could be paid. The loan was repaid on December 7.
At the time the loan was made, it is understood Cricket Ireland was attempting to recoup almost $1m it was owed.
The board of Cricket Ireland was not informed of the loan until recently, after details of John Delaney's controversial loan of €100,000 to the FAI became known.
There is no suggestion of any wrongdoing on Mr Deutrom's part. Speaking to the 'Sunday Independent', the CEO said: "It was a very trying time, there's no doubt about that. It was very stressful."
There was a delay in the payment of money due from broadcasting rights to Cricket Ireland while Bank of Ireland was said to be reluctant to finalise a loan facility in the absence of confirmation from the International Cricket Council (ICC) about future cash payments.
Three days after the loan was made, the ICC confirmed Cricket Ireland would receive $6m (€5.3m) in January.
Cricket Ireland did not breach any of its grant conditions with Sport Ireland, having notified it of its financial difficulties.