According to a report by The Daily Maverick, CSA wrote off R2-million in sponsorship owed to it by The New Age for the “Impi” team back in 2012. The publication says that CSA said it tried to recoup the funds, but failed.
It also reports that TNA only paid R500 000 for the title rights to the New Age Cup – the one off T20 between South Africa and India held in March 2012. Daily Maverick says it is not clear how this little shindig was paid for and sources told the publication that CSA actually made a loss on the whole thing.
The report further reveals that Majola was lobbying the Department of Sport and Recreation for R10 million to fund that competition, just weeks before he was suspended for his role in the 2009 IPL bonus saga.
Source: Daily Maverick.