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Julia Irvine 11 Jul 2018 10:56am

Denison resigns as Yorkshire CCC chairman

Steve Denison, the former PwC partner sanctioned by the Financial Reporting Council over his role on the BHS audit, has resigned as chairman of Yorkshire County Cricket Club (YCCC)

He said that despite enjoying wide-ranging support from the club’s board, staff and members, his understanding of the English Cricket Board’s rules was the he could not stay in post. “I don’t want my situation to be a distraction at a time when cricket is going through a crucial period of change,” he added.

“It’s been a huge privilege to serve YCCC as a non-executive director since 2012, including the past three as chairman, and to say I’m heartbroken is a massive understatement at what has already been an incredibly difficult time for me and my family.”

Last month, Denison admitted misconduct over the 2014 BHS audit and was fined £350,000. He also agreed to remove his name from the register of statutory auditors and not to reapply for 15 years. PwC was fined a record £6.5m.

PwC chairman Kevin Ellis later wrote to the firm’s partners describing his audit work as “inadequate”.

However, yesterday, YCCC issued a statement saying that it was “extremely disappointed” about Denison’s resignation. “It is a really sad day, not only for Yorkshire Cricket but for the game as a whole,” said YCCC chief executive Mark Arthur.

“Steve has achieved so much, both as a director and chairman of the Yorkshire County Cricket Club over the last six years. We will greatly miss his input and contribution.

“I’d like to pay a personal tribute to his support of the executive team and we wouldn’t be undertaking the development of the Emerald Stand in conjunction with Leeds Rugby without his significant input.”

In his open letter announcing his resignation, Denison said that he was “extremely proud” of YCCC’s achievements both on and off the field. “I love Yorkshire County Cricket Club and am immensely proud of the tiny part I’ve played in its history as well as the wider game.

“I owe a huge debt to everyone involved in cricket across Yorkshire for their passion, commitment and hard work, and hope one day circumstances will allow me to return to cricket and continue to serve the game.”

Arthur said that the YCCC board would meet shortly to appoint a new chairman.

 

 

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