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Athletics SA makes plans to stay afloat

By David Isaacson | Jan 08, 2013 | COMMENTS [ 3 ]

CASH-strapped and hounded by creditors, Athletics South Africa hopes to unveil its new local track and field calendar within two weeks.

Accelerate Sport, of which local Olympic boss Gideon Sam is a director, is owed more than R2-million, but ASA has simply not been able to pay it for the past few months.

"They're sending threatening letters on a regular basis," admitted ASA president James Evans, adding he was confident of signing a lucrative broadcast rights deal with SABC, as well as securing a big sponsor from 2014 onwards.

But with no sponsor this year following the departure of Yellow Pages, ASA opted to invite local organisations to apply to stage permit meets. Evans said there had been a reasonable response from clubs and provincial bodies, and that ASA should finalise the season soon.

He confirmed that dates for national championships had already been decided, including the marathon championships in Oudtshoorn on February 3.

The senior track and field championships are scheduled for April 12 and 13 at Cape Town's Green Point Stadium.

ASA's financial problems started during the administration of Leonard Chuene, who was suspended as president in late 2009.

ASA's 2009 financial statements on its website show a deficit of nearly R8-million. The deficit had been R4-million the previous year, R930,000 in 2007 and less than half that in 2006.

ASA's total debt stands at R4.3-million and the board is to discuss ways to service it.

"I have worked out that with the TV rights we can get by," Evans said. "We have reworked our budget and cut out a lot of wastage."

COMMENTS [ 3 ]

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"Accelerate Sport, of which local Olympic boss Gideon Sam is a director, is owed more than R2-million, but ASA has simply not been able to pay it for the past few months."

Why did the company do business with ASA if Gideon Sam is a director?

Jan 08, 2013 10:23 | 0 replies

Accelerate Sport, of which local Olympic boss Gideon Sam is a director, is owed more than R2-million, but ASA has simply not been able to pay it for the past few months."

Corruption at its best and you still send Thuli Madonzela to investigate Malema and yet you all of you are just corrupt, the question is, did he disclose his directorship in this company, when the contract was awarded was he incharge? I dont believe you people don't understand what the Company Law says, after all it sounds unethical period, if it was me owing them, I would not pay a cent.

Jan 08, 2013 3:37 | 0 replies

SAA, SABC, NOW ASA cash strap? these deployees must be having a magic wand to have this talent of running things aground in a short space of time of their deployments. And then you have fikile wanting to high Beyonce for millions so he can see her writhing and wiggling her arse? it just shows where some of these so called men's brains are located.

Jan 08, 2013 8:15 | 0 replies