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Message: <blockquote data-quote="James-Bond" data-source="post: 10391444" data-attributes="member: 324381">SLC seeks financial help from governmentSri Lanka Cricket is seeking government grants and a soft loan to meet  part of the amount it spent on co-hosting the 2011 World Cup, according  to sports minister Mahindananda Aluthgamage.   "Sri Lanka Cricket ran out of funds after hosting the World Cup and  sought government help to settle some payments," Aluthgamage said. SLC  has asked for a grant of two billion rupees ($18.35 million) and a loan  of 1.5 billion rupees ($13.75 million) from the state-run Bank of  Ceylon. Sri Lanka built two new grounds, one in Hambantota and the other in  Pallekele, while the R Premadasa stadium in Colombo received an  extensive renovation for hosting World Cup matches. "In total, we spent  about five billion rupees ($46 million) to build the three World Cup  venues," Aluthgamage said.   The board was forced to pledge the newly-built stadiums plus the income  from upcoming tours as collateral to raise funds to pay for the World  Cup. Sri Lanka hosted 12 games over the course of the tournament. SLC is  expecting to get about $25 million from the ICC by way of hosting  rights but will require government support to bridge the deficit.   "It's not a crisis situation yet. We are confident the government will help us out," Aluthgamage said. </blockquote>

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