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

Summary

  • Colombo: Sri Lanka’s cricket board on Wednesday announced a profit of $14 million 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.
  • But sources attributed the sharp rise in profits to a packed 2017 calendar which featured home series against Bangladesh, India and Zimbabwe.
  • 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.

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