The person behind the formation of the Grenada Invitational, an international track & field event staged for the past two years, has resigned from the locally registered company.
Michael Bascombe has confirmed that he has resigned as the Chairman of Grenada Invitational Inc. following a series of embarrassing incidents which have plagued the organisation this year.
In a letter to the local directors, dated September 11, 2018, Bascombe cited a number of reasons why he decided to remove himself from the Chairmanship of the organisation.
“I want to clarify to the board my sudden decision to resign. I have repeatedly requested in writing (Email Correspondence – September 2 & 7, 2018) information regarding a summary of the “outstanding payments in the Grenada Invitational.”
“Additionally, as the founder of the Grenada Invitational, I found it necessary to bring to the attention of fellow directors a list of concerns and the urgency to address same (Email Correspondence – May 29, 2018), as well as an acknowledgement to restructure the Grenada Invitational to ensure proper accountability,” he said.
“Within the past few weeks, there have been a promised audit and a report based on the outcome of the audit, a response by an attorney to the queries made in public by journalists, none of which have materialised, an indication that there is a disregard for basic accountability.
It also relates to the failure on the part of management to account appropriately of which I am the Chairman and my failure, though solicited, to secure any response from Board members on a very important matter which speaks to the heart and character of the Grenada Invitational, and as such I can’t continue to be part of this business entity.”
“I am of the opinion that my contribution to the progress of the company is very limited. In this context, I feel I should allow the other directors to determine the direction in which the company should move.”
He concluded by thanking a number of persons who provided the foundation support for the initiative including Prime Minister Dr Keith Mitchell and former sports minister Patrick Simmons, who he described as clairvoyant as it relates to sports development in Grenada.
Efforts over the last two days to get a comment from director Fenton Frederick was unsuccessful.