SLC set for $70m bailout

Published October 11, 2008

COLOMBO, Oct 10: The Sri Lanka Cricketers’ Association (SLCA) and sports minister Gamini Lokuge have finalised a proposal that could bring in $70 million for Sri Lanka Cricket (SLC) over the next 10 years but will seriously undermine Sri Lanka’s Test tour of England.

The proposal, which will be presented to the BCCI, will require the full participation of SLC within the Indian Premier League (IPL) and its sister tournament, the Champions League, for the next decade.

The proposed deal follows the recent decision by Lokuge that the Sri Lankan players contracted to the IPL will be released from the tour of England following the cancellation of Zimbabwe’s tour to England.

SLC officials admitted it would be impossible to hold the two-Test series in England.

“The series is definitely off since it has not yet been ratified by the ECB and still remains subject to its approval. So, there is absolutely no chance they are now going to sanction the series against a virtual Sri Lanka

‘A’ side,” a board official said.

—Agencies

Opinion

Enter the deputy PM

Enter the deputy PM

Clearly, something has changed since for this step to have been taken and there are shifts in the balance of power within.

Editorial

All this talk
Updated 30 Apr, 2024

All this talk

The other parties are equally legitimate stakeholders in the country’s political future, and it must give them due consideration.
Monetary policy
30 Apr, 2024

Monetary policy

ALIGNING its decision with the trend in developed economies, the State Bank has acted wisely by holding its key...
Meaningless appointment
30 Apr, 2024

Meaningless appointment

THE PML-N’s policy of ‘family first’ has once again triggered criticism. The party’s latest move in this...
Weathering the storm
Updated 29 Apr, 2024

Weathering the storm

Let 2024 be the year when we all proactively ensure that our communities are safeguarded and that the future is secure against the inevitable next storm.
Afghan repatriation
29 Apr, 2024

Afghan repatriation

COMPARED to the roughshod manner in which the caretaker set-up dealt with the issue, the elected government seems a...
Trying harder
29 Apr, 2024

Trying harder

IT is a relief that Pakistan managed to salvage some pride. Pakistan had taken the lead, then fell behind before...