Last year SLPL produced a stunning Rs. 289 million profit (File Photo)
Sri Lanka Premier Leage Cancelled
(NIDAHASA News) Sri Lanka Cricket (SLC) says that they have decided canceled the Sri Lanka Premier League (SLPL) Twenty20 league due to lack of interest by prospective buyers to invest in the franchises.
All seven franchises for the SLPL were held by Indian companies. But they had failed to meet several deadlines to pay nearly three million dollars, SLC said.
“We will not have the tournament this year because the seven Indian franchise holders did not pay despite verbal and sometimes written assurances that they will,” SLPL Director Ajit Jayasekera told AFP. “We could not go on indefinitely.”
The this decision was taken last evening at an emergency meeting between SLC office bearers and SLPL’s organizer Somerset Entertainment Ventures (SEV) at SLC headquarters, SLC sources said.
Last year SLPL produced a stunning Rs. 289 million profit which will be badly missed by SLC this year which has already been marked as one of the worst ever financial years for SLC in recent memory with only a very few international tours lined up. SLC also obtained a cancellation of three Test matches against South Africa during the world’s number one team’s current tour of Sri Lanka, in order to secure a window for the SLPL.