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Sri Lanka Cricket in debt after World Cup

Jun 20, 2011 5:06:28 AM - yahoo.com
A Sri Lanka Cricket official says the national sports body has debts of more than $15 million after it co-hosted the World Cup earlier this year and is now seeking a government grant to help ease the burden. Treasurer Sujeewa Rajapaksa says Monday the debts are mostly due to an outanding bank loan of $15.5 million, obtained mainly for building new grounds and upgrading existing venues.