T&T Forex problems put CPL bid in doubt

Wed, May 11, '16

A decision on where the finals of the 2016 Hero Caribbean Premier League (CPL) T20 tournament will be played will be made this week and T&T’s foreign exchange situation remains a major factor in the equation.

CPL officials are demanding US $1M in US currency but the T&T Government is adamant that all contributions will be paid in T&T dollars because of the country’s short supply of US dollars.

The government also wants its contribution to pay as many local bills as possible, so that less money will leave the country. It is understood that CPL is asking for US $4.5M to award the finals weekend to any of the Caribbean countries.

Negotiations are continuing but there is a strong possibility that the organisers will reject the T&T currency and play the finals at another venue. Guyana is still in the mix as is Fort Lauderdale, where the last round of matches will be played.