ECB Officials To Benefit Huge From Fund

August 25, 2021 by

Several senior ECB board members are set to share in an estimated £2.1 million in incentive bonus money sometime next year – this despite recent job cuts made in response to the ongoing struggles created by the global health crisis.

The so-called “Long-Term Incentive Plan” will include CEO Tom Harrison and several more senior members of the England and Wales Cricket Board. The ECB has refused to reveal the names of those set to benefit from the fund, which was established back in 2018, citing confidentiality around employee contracts and details. An unnamed senior official of the board has however secretly revealed that some six or seven members are set to be paid from the special fund.

According to information the ECB has been willing to divulge, the special fund isn’t in any way linked to past or current performance. Instead, it is meant to be a tool for retaining senior talent and for encouraging future and long-term growth of the game and of the organisation itself.

According to ECB chair, Ian Watmore, incentive plans such as the one set to pay are nothing out of the ordinary. Instead, they’re often employed across several sports and other sectors and federations – and as a way of rewarding performance over the long term instead of performance in the here and now. Another key focus, reiterated Watmore, is the encouragement of talent retention.

Watmore also commented on the ECB’s leadership’s performance within the context of the global health landscape, while saying the people at the top were among the first to get in line for voluntary pay cuts.

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