SLC in sound financial footing – Sidath


by Rex Clementine

After years of extravagant spending on construction of cricket grounds and other futile projects, that forced Sri Lanka Cricket (SLC) into financial bankruptcy, the board is currently enjoying a financial surplus. Addressing a media briefing Cricket Interim Committee Chairman Sidath Wettimuny elaborated several ambitious plans that will benefit country’s cricketers immensely and the financial surplus has enabled the board to undertake these measures.

"When we took over the board we had a bank overdraft of 285 million," Interim Committee Treasurer Lucile Wijewardene told journalists. "But currently we are enjoying a surplus. We have a deposit of 190 million Rupees and a separate deposit of US$ 1 million. We have so far received 1/3 of the money due from the ICC and we expect a further US$ 2.3 million by the end of the month," Wijewardene added.

Wettimuny, meanwhile elaborated that SLC will invest on indoor cricket facilities in all international cricket venues. The venture would start from R. Premadasa Stadium in Colombo and the venue that houses SLC’s Coaching Department will have a separate swimming pool and gym to benefit the players.

The administration has also taken efforts to increase the payment for First Class cricketers and accordingly there will be a 300% increase of match fee for Premier Cricketers.

Apart from prioritizing preparation for next year’s World T-20 in India and the World Cup in 2019 in England, the Deputy Chairman of the Interim Committee Kushil Gunasekara stressed the need to excel in the Under-19 World Cups in 2016 and 2018. Sri Lanka hasn’t reached the finals of the Under-19 World Cup since 2000 and Gunasekara said given the excellent school cricket infrastructure in the country, excellence in the Under-19 World Cup should be given more priority.

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