Former SLC officials question IC chairman on finance | Daily News

Former SLC officials question IC chairman on finance

We refer to the comments made by Sidath Wettimuny, Chairman Interim Committee in the Daily News last week regarding the healthy financial situation that Sri Lanka Cricket is in at the moment. A recent Financial Statement of the SLC was also published, comparing the finances during their tenure with that of the previous administration.

These media releases and statements give a completely false picture of the actual situation vis-Ã -vis the SLC Finances, taking full credit for this situation being entirely of their making and not giving any credit to the previous administration who in actual fact, brought in the said cash by their hard work and positive action.

As you may be aware, the reason for such a positive financial situation is due to sponsorships signed by SLC Executive Committees in 2012/13, 2013/15 and the 2015 Cricket World Cup revenue. For purposes of clarity, we give below, the financial inflows successfully concluded by the previous administrations.

1. ICC Revenue from CWC 2015 - 17.5 Million USD.
2. Dialog final instalment 175,975,000 LKR received in the month of June.
3. Tea Board final instalment 179,500,000 LKR received in the month of June.
4. AIA Insurance sponsorship initiated and finalized by the previous Executive Committee Rs 20 million.
5. ICL Marketing 5,000,000 LKR initiated and finalized by previous committee.

6. MAS Active 4,000,000LKR initiated and finalized by previous committee.
7. Hameedias 5,000,000 LKR initiated and finalized by previous committee.
8. Ceylon Agri Industries 4,000,000 LKR initiated and finalized by previous committee.
9. Dialog Awards Night 10,000,000 LKR initiated and finalized by previous committee.
10. Hameedias match official sponsorship 1,000,000 initiated and finalized by previous committee.

Total sponsorship revenue brought in by the previous committee amounts to 404,475,000 LKR. This is in addition to the ICC revenue mentioned above.

However it is worth mentioning that SLC lost substantial amount of revenue during the period of the present Interim Committee.

1) SLC lost US$ 4 million anticipated revenue from the India-SL Test series..

SLC received only US$ 3.6 million for 3 test matches, whereas the previous Exco signed for the 2017 Indian 3 test match series, US$ 7.5 million (US$ 2..5 million per test match). Anticipated revenue for the 2015 series was US$ 6 million, (US$ 2 million per test based on the 2017 figures.)

2) SLC lost Rs 50 million from the local TV rights. CSN offer was 50 million higher than Rupavahini,
3) Player contracts reduced from 90 to 45, affecting the poor outstation players having to suffer due to no regular income

We would like to request Mr Wettimuny to confirm as to how much of revenue the present IC has brought into SLC for the interest of the readers and the general public.

Upali Dharmadasa, Mohan de Silva, Asanga Seneviratne , Nishantha Ranatunga, Hirantha Perera, Ajit Pasqual on behalf of the stake holders and previous ExCo , 


 

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