CA to lose millions due to CL postponement
Posted on Nov 29, 2008 at 09:30 | Updated Nov 29, 2008 at 14:03
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Bangalore: The postponement of the Champions League Twenty20, due to the terrorist attacks in Mumbai, has hit Cricket Australia, which has lost millions of dollars and the teams involved in the tournament are also worried about what they have missed out on.
Aussie domestic winner and runner-up Victoria and Western Australia respectively are not guaranteed a place in next year's event, which offers US$2 million to the winner, unless they reach the final of the local competition again in January.
Victoria, three-time winners in a row, are the team most affected due to the delay and may look to the governing body of the Champions League for compensation.
"Certainly we have incurred some costs with respect to the competition this time around," Tony Dodemaide, Cricket Victoria's chief executive has been quoted as saying by the News Limited papers.
"Obviously we are right on the verge of going over and had put everything in place. It's also fair to say having confirmed the Champions League and expectations of revenue, we adjusted the alterations accordingly," he added.
James Sutherland, the Cricket Australia chief executive, said the events in Mumbai had everyone "left in tears".
"The planned approach is a 12-month postponement. So what that means is whoever the champion of the day is, they'll get to play in the next event," Sutherland has been quoted as saying in the Sydney Morning Herald.
"We're all out of pocket" and there was "no money floating around for anyone as a result of this". CA is losing quite a lot," he added.
"It's millions of dollars. Again, this whole issue and all of the problems in Mumbai are bigger and greater than cricket. We fully understand that these things happen. Unfortunately that's how it is. There are a lot of people worse off than us," he said.
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