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Sri Lanka Cricket facing Financial problems after the World Cup 2011

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Sri Lanka Cricket facing Financial problems after the World Cup 2011
After hosting the ICC Cricket World Cup this year, which ended on April 2, 2011, Sri Lanka Cricket is under financial burden.
According to sources, Sri Lanka Cricket has sought help from the country’s state bank and from the government as well. It is believed that the Lankan cricket board had to http://www.senore.com/Cricket/Chris-John-Duval-c50650 major financial burdens during the construction of venues for the mega event.
According to reports, the construction of the new cricket stadium in Hambantota, the hometown of the Sri Lankan president, Mahinda Rajapaksa, and the renovation work on the existing stadiums in Kandy and Colombo, were estimated to cost around 3.5 billion
Sri Lankan Rupees. However, later the cost surpassed the estimated total.
A source in the Lankan cricket board cited that unlike http://www.senore.com/Cricket/Sri-Lanka-c758 had to carry out major construction work for the preparation of the venues before the mega event.
Many stadiums needed a lift, while others were constructed in record time to meet the deadlines before the first game of the prestigious cricket tournament.
It is now believed that the government has promised to help the lingering cricket board by giving almost 325 million rupees in order to fix its finances.
However, up till now no financial aid has been handed over to the officials of SLC.
According to news papers in Sri Lanka, the cricket board is facing difficulties in releasing salaries and there is a clear lack of funds in the country’s richest sports board.
Reportedly, SLC officials and government representatives have already held a series of meetings to find a way out of this financial crunch.
Meanwhile, speaking on the Sri Lankan debacle, the International Cricket Council (http://www.senore.com/Cricket/ICC-World-Cup-2011-c100625) has reiterated that the construction and renovation of the sporting facilities is the responsibility 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.
It is important to remember that the Sri Lankan national team reached the final of the mega event under the calm leadership of http://www.senore.com/Cricket/Mahendra-Singh-Dhoni-c73820.

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