Sri Lanka hopes to earn more than $6 mn from cricket T20 premier league

Ishara S. Kodikara | AFP | Getty Images Sri Lanka Prime Minister Ranil Wickremesinghe, center, speaks to supporters at the prime minister's official residence in Colombo on December 16, 2018, after he was reappointed as prime minister by Sri Lanka's president, the same man who fired him from the job nearly two months ago.

August 02, 2012 (LBO) – Sri Lanka Cricket tips the island will earn in excess of six million dollars from its inaugural Twnety20 premier league from professional fees, sponsorships and hotel accommodation. The Sri Lanka Premier League runs from August 10-31 and will be played at Colombo’s R. Premadasa Stadium and Kandy’s Pallekele Stadium.

The seven franchises, which are owned by Indian companies, players, officials, media crew, event partners and other support staff are set to occupy more than 7,000 hotel rooms during the period, Sri Lanka Cricket said. Hotel room nights, would generate about a billion dollars in revenue, it said.

This will provide a significant boost for Sri Lanka’s tourism industry and shall also give the country an additional influx of foreign exchange, the governing body said Thursday.

The governing body is expected to earn three-million dollars, the players about 1.5 million dollars, officials around 500,000 dollars, during the 15-day tournament. Even former players, coaches and part-time staff of Sri Lanka Cricket have been drafted as mentors, coaches and brand ambassadors with the seven franchises.

The tournament, which features 42 international pl