We are still safe, but future is uncertain, says CSA CEO Faul

Sporting bodies and leagues across the globe might have felt the impact of COVID-19 but Cricket South Africa has not yet reached a position of financial vulnerability due to the pandemic, CSA CEO Jacques Faul claimed.

While Faul maintained that CSA is still safe, he admitted that the future looks uncertain.

He, however, said as of now the financial condition of CSA is stable enough to do away with salary cuts of its players and staffs.

"At this stage there is no indication for us and we haven't lost income. Everybody's financial position is a bit different I think money available for players will be less probably not in the forthcoming season but the season after," Faul was quoted as saying by timeslive.co.za.

"Historic rights are sold that gets paid over a certain period of time. Ours were sold for eight years so there is still money that flows into your account.

"(But) if your future content doesn't take place then your money gets cut. At this stage we are monitoring but we can't make the decision to cut salaries when we haven't experienced the loss yet. That will be an irresponsible thing to do at this stage."
"To give you a good example if we lose out on the Indian content that may trigger it but it hasn't happened."
"Our world will be affected by the world economy where predictions are not good. Our funding model is based on incoming tours and the ability of our sponsors to service certain agreements. We hope to have more in terms of strategy in the next two weeks but we have determined certain milestones and dates where we can assess."