|Photos||Video & Audio||Blogs||Statistics||Archive||Shop||Mobile|
June 14, 2011
Sri Lanka Cricket is seeking government grants and a soft loan to meet part of the amount it spent on co-hosting the 2011 World Cup, according to sports minister Mahindananda Aluthgamage.
"Sri Lanka Cricket ran out of funds after hosting the World Cup and sought government help to settle some payments," Aluthgamage said. SLC has asked for a grant of two billion rupees ($18.35 million) and a loan of 1.5 billion rupees ($13.75 million) from the state-run Bank of Ceylon.
Sri Lanka built two new grounds, one in Hambantota and the other in Pallekele, while the R Premadasa stadium in Colombo received an extensive renovation for hosting World Cup matches. "In total, we spent about five billion rupees ($46 million) to build the three World Cup venues," Aluthgamage said.
The board was forced to pledge the newly-built stadiums plus the income from upcoming tours as collateral to raise funds to pay for the World Cup. Sri Lanka hosted 12 games over the course of the tournament. SLC is expecting to get about $25 million from the ICC by way of hosting rights but will require government support to bridge the deficit.
"It's not a crisis situation yet. We are confident the government will help us out," Aluthgamage said.
© ESPN Sports Media Ltd.
After the tragedy of Phillip Hughes' death, this match showed that cricket and life will continue to go on. This time Test cricket dug in and got through to tea.
The new stand-in captain has the makings of a long-term leader, given his ability to stay ahead of the game
Turning your back on a system that the whole cricketing world wants a discussion on, refusing to discuss it because it is not 100%, is not good enough
After a long time we have seen an Indian team and captain enjoy the challenge of trying to overcome stronger opposition in an overseas Test