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Volume 10 No. 25


Sri Lanka's newly-built cricket stadiums, "which are at the heart of massive financial losses incurred by the governing body, will be converted into revenue-generating ventures," according to the PTI. A Sri Lanka Cricket spokesperson said, "Transforming stadium properties into sustainable revenue generating centers is also another step towards rebuilding Sri Lanka Cricket not just as a brand but as an entity with a firm competitive advantage." However, "no details were given about the plans." SLC suffered "significant financial losses" valued at $69M after co-hosting the 2011 World Cup with India and Bangladesh. The losses mainly came from the construction of new stadiums at Hambantota and Pallekele and modernization of the facilities at the Premadasa Stadium (PTI, 12/12).

Former EPL Tottenham captain Ledley King believes the club will have a "better chance of attracting elite players to the club" if it make progress with its plans to build a new stadium, according to Tom Collomosse of the London INDEPENDENT. The Northumberland Development Project, which would see a 56,000-seat arena replace White Hart Lane, is a principal objective of Spurs Chair Daniel Levy, who is "determined to deliver the new ground during his time at the club." Work has begun on the project and club officials will have been "interested to read this week's landmark report," which urged the government, City Hall and Haringey Council to "inject more funds to regenerate the Tottenham area." King, now a Spurs ambassador following his retirement, understands the significance of "pushing ahead with the new ground." King said, "I was at Leyton Orient before I moved to Tottenham and the facilities at Spurs made me want to come and be part of this club" (INDEPENDENT, 12/13).