Sri Lanka Cricket signs 15-year deal with little-known company

- thesundayleader.lk

By Hilal Suhaib

Sri Lanka Cricket launches new IPL-style T20 tournament.

A 15-year deal between a little-known company in Singapore and Sri Lanka’s cricket board for the Sri Lanka Premier League (SLPL) has left opposition lawmakers in Sri Lanka outraged.

Apart from handing the tournament to Somerset Entertainment Ventures (SEV) for more than a decade, there has also been criticism for awarding local television rights to Carlton Sports Network (CSN).

Last year, Sri Lanka Cricket (SLC) was forced to postpone the SLPL after the Indian cricket board refused to send its players for the tournament. India, whose players draw in millions of dollars in advertising revenue, were unhappy that their players were asked to sign contracts with SEV instead of the island’s cricket board, an Indian official said at the time. It was also reported that the Indian cricket authorities suspected Lalit Modi’s involvement in SEV. Modi, the former Indian Premier League boss, is facing criminal charges in India.

SLC announced recently that it had handed the organising and management of the SLPL to the Singapore-based company with the signing of a new agreement. The previous agreement between the two parties came under the radar of the parliamentary oversight committee known as COPE.

Last month, cricket board officials were present before COPE to inform the committee that walking away from the agreement with SEV would prove costly for SLC, sports minister Mahindananda Aluthgamage said. COPE then agreed to the signing of a new modified agreement between the two parties.

“Two weeks ago, cricket board officials were presented in front of COPE to enlighten them on the deal with Somerset. After SLC informed COPE of the details, they agreed to sign the deal with Somerset,” Aluthgamage told BBC Sinhala by phone last week.

“According to the new agreement, we were able to reduce the number of years Somerset had been awarded rights for the tournament from 25 years to 15 years.”

Aluthgamage insisted that SEV won the tender through a transparent tender process.

“We accept that SEV is a newly registered company. But, SLC realised that they are capable of handling this tournament, which is why they awarded the contract to them,” Aluthgamage said.

Earlier this month in parliament, MP Sunil Handunnetti was critical CSN chief executive Nishantha Ranatunga, who also happens to be SLC secretary. Handunnetti accused SLC of being a corrupt institution after television rights for the SLPL was awarded to a company in which the SLC secretary is employed as chief executive.

“Nishantha Ranatunga being the secretary of SLC and chief executive of CSN are two different matters that need not be confused as one,” Aluthgamage said.

According to Aluthgamage, CSN was awarded the rights to telecast the tournament because they had offered the best bid.

The cabinet previously decided to only permit television stations dedicated to sports programming and state media to bid for television rights for cricket tournaments. Opposition lawmakers accuse the government of clearing the way for CSN, a fledgling broadcaster said to be lacking island-wide coverage, by only allowing sports channels and state media to bid for rights. The move, critics argue, has prevented other private broadcasters, whose programming is not entirely dedicated to sports, from bidding.

After looking into the conduct of the cricket board, COPE said in its report that the committee expressed its “dissatisfaction” over the awarding of television rights “to an organisation in which the secretary of the cricket board was functioning as the CEO.”

Despite the committee’s discontent, no action has been taken.

CSN is reportedly owned by members of president Mahinda Rajapaksa’s family.

The inaugural SLPL will be held from August 10 to 31.

This article is courtesy of Island Cricket.

You may also like

- onlanka.com

The International Monetary Fund (IMF) has announced that the IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF).The post Sri Lanka receives IMF approval for USD 2.9 Billion bailout package appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

- colombogazette.com

International Monetary Fund (IMF) Managing Director Kristalina Georgieva says ongoing efforts to tackle corruption in Sri Lanka should continue, including revamping anti-corruption legislation. She also said that a more comprehensive anti-corruption reform agenda should be guided by the ongoing IMF governance diagnostic mission that conducts an assessment of Sri Lanka’s anti-corruption and governa...

- colombogazette.com

President Ranil Wickremesinghe is to address the nation tomorrow (Tuesday), State Minister of Finance Shehan Semasinghe said. The State Minister said that that the background required to obtain the approval was prepared with the patience and trust of the people of the country, as well as the unpopular but necessary reforms in the country that […]

- colombogazette.com

The decision by the Executive Board of the International Monetary Fund (IMF) to approve a bailout package for Sri Lanka will enable an immediate disbursement of US$333 million and catalyze financial support from other development partners, the IMF said. The Executive Board of the IMF approved a 48 month extended arrangement under the Extended Fund […]

- adaderana.lk

The Executive Board of the International Monetary Fund (IMF) approved today a 48 #8209;month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion), the international lender announced.

- colombogazette.com

The Executive Board of the International Monetary Fund (IMF) has approved a bailout package for Sri Lanka. President Ranil Wickremesinghe welcomed the announcement that the IMF Executive Board, which met today, had approved the Extended Fund Facility for Sri Lanka. The program approved by the IMF will allow Sri Lanka to access financing of up […]

Entertainment:View All

Technology:View All

Local News

Local News

Sri Lanka News

@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc