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SLC faces financial crisis after WC

Press Trust Of India
Jun 09, 2011 at 10:52am IST

Colombo: Plagued by financial constraints post the World Cup, Sri Lanka Cricket (SLC) has sought help from the government and country's state banks to meet the huge expenses incurred during the quadrennial extravaganza, according to a report.

SLC treasurer Sujeewa Rajapakse was of the view that unlike India and Bangladesh, Sri Lanka had to work on its venues from scratch.

Rajapakse confirmed that the richest sports body in the country has sought grant from the government and the banks.

SLC faces financial crisis after WC: report

They've sought help from the government and state banks to meet the huge expenses incurred during the event.

Sri Lanka, along with India and Bangladesh, were the co-hosts of the 2011 World Cup.

The initial cost for the building of the new venue in President Mahinda Rajapaksa's hometown, Hambantota, and renovating other two venues in Colombo and Kandy was estimated at 3.5 billion Sri Lanka rupees (approximately 14 crore Indian rupees).

By the end of the construction, though, the cost had exceeded the said amount.

The Daily Mirror recently said that the government had agreed to help SLC with a grant of 325 million Lankan rupees.

The newspaper also reported that the board is also struggling to pay salaries of workers as a result of the debt.

While SLC has already held a few rounds of discussions with the government and the sports minister on how to settle the crisis, the ICC, according to BBC Sinhala, said venue construction is a matter of the host board.

"There is a hosting fee based on the number of matches that a particular member stages. We do not discuss the details of that agreement," an ICC spokesman said.

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