Sri Lanka struggle on the field but board's net profit jumps 33 times in one year

Sport360 staff 19:17 16/05/2018
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  • A full series at home against India is believed to be the main reason behind Sri Lankan cricket board increasing its net profit an incredible 33 times in one year.

    The Sri Lankan cricket board on Wednesday announced it had made a net profit of 2.12 billion rupees ($14 million, Dh51m) in 2017. It was a mere 64 million rupees (Dh1.5m) earned an year ago. That’s a jump of 33 times.

    Also, revenues stood at six billion rupees which were almost double the 2016 figures.

    “This was a result of SLC’s strategic growth plans and prudent financial management,” Sri Lanka Cricket said in a statement.

    While the board didn’t explain the factors behind the exponential rise in income, reports suggested a packed 2017 calendar which included home series against Bangladesh, India and Zimbabwe was the driving force behind it.

    In fact, the broadcast and sponsorship rights from the nine-match home series against India – three Tests, five ODIs and one T20s – is said to be mainly responsible for the income growth.

    On the field, however, it was year to forget for Sri Lanka as they lost the home series to India 9-0 and even lost the home ODI series to Zimbabwe. Also, they were blanked 5-0 three times in ODIs – in South Africa, against Pakistan and at home by India in 2017.

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