Record profit for Sri Lanka

Sport360 - - News - By Staff Re­porter @Sport360 edi­to­rial@sport360.com

Sri Lanka’s Cricket board on Wed­nes­day an­nounced a profit of $14 mil­lion (Dh51m) last year, far above all pre­vi­ous records de­spite one of the worst on-field per­for­mances by the is­lan­ders in years.

The board said it made a net profit of 2.12 bil­lion ru­pees ($14 mil­lion) in 2017 – a staggering 33 times what it made the year be­fore.

Rev­enues, at six bil­lion ru­pees, were roughly dou­ble 2016 fig­ures, Sri Lanka Cricket said in a state­ment.

“This was a re­sult of SLC’s strate­gic growth plans and pru­dent fi­nan­cial man­age­ment,” the board said in a state­ment.

The board did not elab­o­rate on its dra­matic turn­around.

But sources at­trib­uted the sharp rise in prof­its to a packed 2017 cal­en­dar which fea­tured home se­ries against Bangladesh, In­dia and Zim­babwe.

Earn­ings from the broad­cast­ing of the In­dian tour were thought to be a ma­jor con­trib­u­tor to the cof­fers, but Sri Lanka Cricket would not com­ment.

The record-breaking prof­its were the only good news from an oth­er­wise woe­ful spell for Sri Lanka Cricket, with the is­lan­ders en­dur­ing their worst year on the pitch since win­ning the World Cup in 1996.

They suf­fered a full se­ries de­feat against In­dia and hu­mil­i­at­ingly lost a home one-day se­ries to bot­tom-ranked Zim­babwe.

They also bowed out early from the Cham­pi­ons Tro­phy in June last year.

Su­per start: Pak­istan’s Imam-ul-Haq hit a match-win­ning fifty on Test de­but.

Cash­ing in: Sri Lanka cricket.

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.