You might think that global economic slowdown is the reason behind West India Cricket Board (WICB)’s current economic problem. Well, this is not the cast in fact.
Recently, WICB got a huge amount from Stanford 20-20 tournament, but they had to spend much of the amount to pay the legal costs occurred due to a legal conflict with team sponsor Digicel.
Hindustantimes reported:
The ICC's Kaushik Das (CFO) and Haroon Lorgat (CEO) have viewed the request favourably and recommended that to the IDI Board (ICC Development International) that the loan be advanced, "repayable in one year by September 2009 at a minimum interest rate".
A WICB source revealed that the Board had to forego their share of prize money from the Stanford games because of a prior agreement to pay off legal costs accrued in expensive litigation involving team sponsors Digicel.
Well, that is very nice that ICC is going to provide some monetary help to West Indies Cricket Board. The main problem of West Indies cricket is that they do not have a huge fan of cricket like
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