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St Davids is waiting for the largest chunk of money close to ,000 as it was the host club for the 2015 series, which was steeped in controversy after the first round, when champions Cleveland were stripped of the cup and then reinstated after an ill-tempered match against Baileys Bay.
The rest of the funds are meant to be divided among the other three clubs.
Mr Burchall highlighted Bermudas growing GDP but warned that due to the peculiarities and uniqueness of our situation, it is not going to feel like it.It will feel like it is dragging on and that is because our need to service our debt is increasing, increasing, increasing. Mr Burchall spoke positively about the potential economic impact of the Americas Cup but stressed that for our economy to be able to support our debt service cost, it would be crucial to increase the working population in Bermuda from 33,500 to at least 45,000.Mr Bradshaw spoke of the importance of transparency and good governance within the third sector as well as ensuring sustainability. The four member clubs of the Eastern Counties Cricket Association (ECCA) are still waiting for close to ,000 that has been owed to them since November.As a result, St Davids County Cricket Club, Cleveland County Cricket Club, Baileys Bay Cricket Club and Flatts Victoria Recreation Club are still awaiting funding that otherwise would have been distributed by the ECCA by now.Representatives from the clubs told The Royal Gazette that they had received little to no communication from the association about when or whether they would receive the money.
In the same way that we have seen consolidations going on in the insurance industry, there is never a perfect overlap, but there is a degree.