WA Cricket loses another board member
The WA Cricket Association is seeking a person with substantial accounting skills after David Bailey became the sixth board member to resign in less than a year.
Bailey, who was chairman of the WACA’s vital Audit and Risk committee and the board member with the strongest financial credentials, stood down this month.
A replacement was nominated but rejected by a majority of the WACA board on the grounds that due process had not been followed.
The WACA hopes to appoint a new board member before the end of the month.
The rejected candidate, who is understood to be a credible replacement for Bailey, may remain a part of the process.
Bailey is the CEO of mortgage broking giant Australian Finance Group which has a loan book worth nearly $200 billion.
He joined the WACA board in 2015.
Bailey follows chairman Terry Waldron, former Test players Graeme Wood and Mike Veletta, Colleen Hayward and Nicola Brandon who have quit the WACA board in the past year.
Board member and prominent lawyer Tom Percy, whose bid to replace Waldron as chairman failed after a split board vote saw Avril Fahey elected, is overseeing an investigation into the spate of resignations though that inquiry may not report until the middle of the year.
Bailey’s departure comes as the WACA battles to get funding for its ambitious redevelopment plans.
It announced plans to raise $11 million through the WA Cricket Foundation though it is understood that body has only found about $500,000.