Sri Lanka Cricket Announces 2017 Net Profit Of $14M

Sri Lanka’s cricket board on Wednesday announced a profit of $14M for last year, "far above all previous records despite one of the worst on-field performances by the islanders in years," according to the AFP. Sri Lanka Cricket said that it earned a "staggering 33 times what it made the year before." SLC said in a statement that revenues, at 6 billion rupees, were "roughly double" '16's figures. The statement said, "This was a result of SLC’s strategic growth plans and prudent financial management." Sources attributed the "sharp rise in profits" to a "packed" '17 calendar which featured home series against Bangladesh, India and Zimbabwe (AFP, 5/16).