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Cricket tour company traded insolvent for three years before collapse, liquidator says

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Dozens of young players and top coaches were left high and dry by the $3 million failure of Calypso Destinations and its director is under the microscope.

A Sydney sports tour operator whose $3 million collapse left scores of young cricketers and top coaches high and dry is suspected to have committed a series of offences including allegedly trading while insolvent for nearly three years.

Tyler, who ran the company from an office in Seven Hills, may now face potential prosecution by the Australian Securities and Investments Commission, after an investigation found he may be responsible for a handful of breaches of corporation laws. Jason Krejza, centre, one of the coaches affected by the company’s collapse, celebrates after dismissing Indian batsman Rahul Dravid during a Test match in Nagpur in 2008.Tyler, a former fifth-grade captain for Parramatta in the NSW Premier Cricket competition, continued to operate the company until its demise four months ago. The liquidator said he faced an insolvent trading claim of up to $1.8 million.

Tyler declined to comment when contacted. He asked this masthead to send questions to his lawyer, who did not reply.

 

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