The Boland Rugby Union's chief executive, Johan van Schalkwyk, has attributed the union's failure to submit its financials on time to a combination of factors, including inadequate systems and insufficient capacity. According to van Schalkwyk, the union's previous administration had inadequate financial management systems in place, which made it difficult for the current administration to compile the necessary financial statements. This ultimately led to the union's affiliation with the South African Rugby Union (SARU) and its Currie Cup rights being revoked.
Van Schalkwyk explained that the union had been experiencing financial difficulties for some time and had been relying on short-term loans to stay afloat. He stated that the union's financial woes were further exacerbated by a decline in rugby-related activities and a reduction in government funding. As a result, the union was unable to pay its creditors and employees on time, which had a ripple effect on its overall financial management.
The Boland Rugby Union's troubles began when it failed to submit its financial statements to SARU by the deadline of 31 March. According to SARU's constitution, all member unions are required to submit their financial statements by the end of March each year. Failure to do so results in the union's affiliation being revoked, which effectively means that the union loses its Currie Cup rights.
Van Schalkwyk expressed his disappointment and frustration at the situation, stating that the union had been working tirelessly to resolve its financial woes. He attributed the union's financial difficulties to a combination of factors, including poor financial management by the previous administration and a decline in rugby-related activities. Van Schalkwyk emphasized that the union was committed to regaining its affiliation with SARU and its Currie Cup rights.
The Boland Rugby Union's financial troubles have been ongoing for several years, with the union struggling to pay its debts and employees on time. According to van Schalkwyk, the union had been relying on short-term loans to stay afloat, which had further exacerbated its financial woes. He stated that the union was working closely with SARU to resolve its financial difficulties and regain its affiliation.
SARU has given the Boland Rugby Union a deadline of 30 September to submit its outstanding financial statements and pay its affiliation fees. If the union fails to meet this deadline, it will not be able to participate in the Currie Cup competition. Van Schalkwyk emphasized that the union was working tirelessly to resolve its financial difficulties and regain its affiliation with SARU.
The Boland Rugby Union's troubles serve as a reminder of the importance of sound financial management in rugby unions. According to van Schalkwyk, the union had learned valuable lessons from its financial woes and was committed to implementing sound financial management practices going forward. The union's financial troubles have also highlighted the need for rugby unions to prioritize financial management and ensure that they are submitting their financial statements on time.
Key points
- Boland Rugby Union's failure to submit financials on time resulted in loss of CSA rights
- Union's financial woes attributed to poor financial management and decline in rugby-related activities
- SARU gave Boland Rugby Union a deadline of 30 September to submit outstanding financial statements
