The Sri Lanka Cricket (SLC) said its finances were on a good wicket after clinching commercial sponsorships for the sale of television rights and ongoing tournaments.
Net profits for 2005 were 356.97 million rupees (35 million dollars) compared to a loss of 321.53 million rupees (32 million dollars) in the previous year. The governing body of the islandâ€™s most profitable and popular sport saw its total income jump to 881.78 million rupees (88 million dollars) from 280.09 million rupees (28 million dollars) in 2004. â€œNearly 80 percent of our revenues came from selling television rights,â€ the SLC Finance Manager Upali Seneviratne said.
The SLC signed a record 50-million-dollar TV deal last year with a Dubai-based sports broadcaster.
Visiting teams from the West Indies, Bangladesh and a tri-series between the West Indies, India and Sri Lanka had also helped swell coffers.
However, the December 2004 tsunami left the board with a 52.43 million-rupee bill as giant tidal waves flooded and destroyed the Galle International Cricket Stadium, the statement said. Sri Lanka pays a frenzied, cross-cultural obeisance to cricket that is worshipped like a national religion rather than merely a game.
Source:The NewsMore on:Sri Lanka
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Post InfoThis entry was posted on Friday, May 12th, 2006 and is filed under General.
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