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Thatscricket - News - CBFS substantially hikes prize money

Published: Friday, June 22, 2001, 23:53 [IST]
 
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Dubai: The Cricketers' Benefit Fund Series (CBFS) has more than doubled the prize money for the next three-nation tournament to be organised at Sharjah from October 22 to November 4, a newspaper report on Friday said.The tournament will have a prize money of $ 250,000, up from 100,000, Gulf News said. Pakistan, Sri Lanka and Zimbabwe will battle it out for the title.Both Pakistan and Sri Lanka have signed a contract with the CBFS to play in the six tournaments to be organised at Sharjah during the next three years. ''Zimbabwe has confirmed its participation'' in the coming series, CBFS Chief Executive Zahid Noorani said.He said ''a team is guaranteed a minimum of $ 50,000''. The winner will take away $ 120,000, while the runner-up gets $ 80,000. The team placed third will be paid $ 50,000.He said the CBFS was also inviting bids for the title sponsorship and television rights for the tournament. After the last tournament in April, the WorldTel contract with the CBFS for television rights has already ended.The CBFS authorities are making every effort to ensure that the tournament remains popular both with the sponsors and the public at large in the wake of India's decision not to play at neutral venues like Sharjah, Singapore and Toronto for the next three years.India did not take part in the Sharjah tournament held in April this year and was replaced at the last minute by New Zealand. Pakistan and Sri Lanka were the other two teams in that event. UNI

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