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SBD Global/June 28, 2012/Leagues and Governing Bodies

Sri Lanka Cricket Franchises Sell For Triple The Forecast

All seven cricket teams in the Sri Lanka Premier League franchises have been "snapped up with bids" worth more than $30M, according to the IANS. Sri Lanka Cricket, the country's governing body for the sport, said in a statement that the amount is $9M more than "the amount expected." Analysts described the successful conclusion of the SLPL franchise auction as a "jackpot" for SLC and the league, which "drew criticism as being a non-starter after being postponed last year" (IANS, 6/27).
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