Interesting news coming out of the USA and Antigua today about three of Sir Allen Stanford’s companies being effectively frozen temporarily whilst they are investigated for “fraud of a shocking magnitude”. Now, normally I wouldn’t talk about business on this little cricket blog, but given how the ECB have teamed up with Stanford it seems worth mentioning – although with it all happening today all the facts probably aren’t available yet.
I was a fan of the whole Stanford 2020 last year generally, although I know I’m probably in the minority with that view. It does seem inexcusable from the ECB though that they got into such a public relationship with an individual who has turned out to allegedely screw over a lot of his clients amongst other discrepancies- not good PR whichever way you look at it. It doesn’t matter that they had good intentions, as Mike Atherton put it “they need to to be made accountable for the consequences of their decision”.
Giles Clarke is doing a very good impression of someone trying to back away from it all right now, playing the “board” line, but he is the chair of that board and ultimately responsible. After the merry go round of captain and coach in January and now this in February, we are going to start to turn into the world’s laughing stock.
P.S – yes I know there is a test match on and I havn’t even mentioned the beach they tried to play on last week but hey, I’ll talk about all that soon!
One Comment to “Stanford Charged Over Massive Fraud”
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jez says:
Can we all please take a deep breath? This story about Sir Allen, is suddenly no surprise to anyone least of all the ‘owner’ of hampshire cricket.
But somehow he has been allowed to do similar deals with Golf, Baseball and even Polo. So he fooled everyone, even the Queen beause he didn’t get his knighthood by helping out the ECB.
So a lot of people were happy to go along with Sir Allen. Maybe they were all wrong, but lets try and be grown up and stop just having a go at one sport because that is the one we have easy library clips for.