SLC losses run to hundreds of millions in 2013

 Wednesday, 19 February 2014 

The losses incurred by Sri Lanka Cricket has run up to hundreds of millions last year and the audit reports show that loss in 2013 is Rs. 652,872,798.

The Sports Ministry has decided to prevent the report from reaching the media, but some Sri Lanka Cricket officials have leaked the report to the media.

The audit report has shown that Sri Lanka Cricket had paid banks Rs. 160,112,052 as interest on loans obtained.

Sri Lanka Cricket is in debt to the Bank of Ceylon to the tune of Rs. 1,362 billion and has paid Rs. 81,175,291 as interest.
The institution has also obtained Rs. 137 million from the International Cricket Council (ICC) and has paid an interest of Rs. 8,210,000.

The report has further stated that Sri Lanka Cricket had paid Rs.2.4 million for a Bank overdraft and will have to pay Rs.5.49 billion to settle the loan.

As for the income gained by Sri Lanka Cricket, the report states it has generated an income of Rs. 1,620 million during 2013. The income was generated through international cricket tournaments, presenting of official sponsorships and selling broadcast rights.

Rajapaksa boys threaten their way to victory

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Created On Wednesday, 19 February 2014 04:11

Category: General

The Navy Sports Club that is managed by the sons of President Mahinda Rajapaksa is likely to emerge victorious in the Dialog A Division League Rugby Championship this year.

The Navy rugby team is captained by the President’s youngest son, Rohitha Rajapaksa and the other sons Namal and Yoshitha Rajapaksa are also players in the team.

At the outset of the championship tournament, key rugby teams in the country were informed that the Navy team has to be the winners at all rugby matches played during the tournament.

Strong teams like Kandy and last year’s league champs, Havelocks (managed by Sri Lanka Rugby Football Union President and Rajapaksa loyalist, Asanga Seneviratne) have been asked to make way for the Navy team’s victory at this year’s tournament.

Many rugby players are displeased with the situation and have said they are considering quitting the game since there was no point in playing with teams that lacked sportsmanship.