Bitter Truth: SLC’s debts and losses out in the open

Bitter Truth: SLC’s debts and losses out in the open

Written by News 1st

06 Jan, 2014 | 6:39 am

On December 18, the Minister of Sports stated in Parliament that Sri Lanka Cricket was Rs.333 million in debt in 2011.

SLC CEO, Ashley de Silva revealed late last week that repayments are still being made on loans obtained that year, for the construction of stadiums.

As a result of this financial crisis being faced by SLC, the payment of cricketers salaries was also delayed last year. SLC has as yet failed to complete payments to umpires.

Chairman of the Umpires Committee at SLC, Shrinath Silva says that if there are any overdue payments, they will be made within the next fortnight. Did SLC also take steps to recall provincial coaches to Colombo recently because it had failed to pay their fuel allowances and other payments?

SLC said that the provincial coaches were recalled in order to conduct the training of the National Junior Squad. On Thursday, rumours were abound that SLC was preparing to dissolve coaches and the assistant staff of the Sri Lanka team. Media reports said that if cricketers continue to display minimal talent,  then SLC is prepared to implement this decision.

But is this the true intention that belies dissolving the assistant staff of the national team? Or is it because SLC cannot bear the cost of about five million rupees a month to sustain these employees?

Our attempts to contact the President of SLC to inquire into the matter were unsuccessful. Against this backdrop, it is still unclear whether fourth quarter payments to cricketers have been completed.

SLC CEO, Ashley de Silva says that all payments have been deposited in the cricketers’ accounts.

A loan of Rs.1040 million  is expected from the International Cricket Council to help resolve SLC’s financial woes.

If these funds are not received, what will be the solution to continue SLC’s operations?

Open for Debate…

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