debut: 2/16/17
35,190 runs
CPL open 'to look' at 50-year deal with CWI
AMID calls by regional governments to renegotiate its 50-year contract with Cricket West Indies (CWI), Caribbean Premier League (CPL) CEO Pete Russell has denied allegations that his organization is the sole entity benefiting from a "lopsided" arrangement. Russell said the CPL takes the brunt of any financial losses, not the players or CWI. CWI is a five per cent owner of the CPL, Russell said.
West Indies legend and former captain Sir Clive Lloyd took umbrage with the terms of the contract. Lloyd said, “It isn’t funny. Now, if we were running our own CPL we would have been able to give more money to the players…"Again, how can a board sit down and negotiate that?”
Prime Minister of Barbados Mia Mottley said she was happy to learn that CPL is willing to talk about the contract. "I am glad to hear that they are prepared to discuss aspects of the contract. I think that is the right spirit," Mottley said. Mottley said in decades from now the financial landscape may be so different that signing such a lengthy contract is a risk. "To say we will get US$5 million between 2053 and 2062 when we don't even know what US$5 million is going to be worth then; or we don't even know if US is going to be the reserve currency in the world.
AMID calls by regional governments to renegotiate its 50-year contract with Cricket West Indies (CWI), Caribbean Premier League (CPL) CEO Pete Russell has denied allegations that his organization is the sole entity benefiting from a "lopsided" arrangement. Russell said the CPL takes the brunt of any financial losses, not the players or CWI. CWI is a five per cent owner of the CPL, Russell said.
West Indies legend and former captain Sir Clive Lloyd took umbrage with the terms of the contract. Lloyd said, “It isn’t funny. Now, if we were running our own CPL we would have been able to give more money to the players…"Again, how can a board sit down and negotiate that?”
Prime Minister of Barbados Mia Mottley said she was happy to learn that CPL is willing to talk about the contract. "I am glad to hear that they are prepared to discuss aspects of the contract. I think that is the right spirit," Mottley said. Mottley said in decades from now the financial landscape may be so different that signing such a lengthy contract is a risk. "To say we will get US$5 million between 2053 and 2062 when we don't even know what US$5 million is going to be worth then; or we don't even know if US is going to be the reserve currency in the world.
