Colombo, July 5: Sri Lanka Cricket (SLC), which is heavily in debt, will in all likelihood scale down its T20 domestic league Sri Lanka Premier League (SLPL) by excluding foreign players. The news of the impending move came courtesy a source within the board.
SLPL was all set to proceed from July 19 with players from Australia, New Zealand, West Indies and Pakistan, but a lack of adequate sponsorship has resulted in the board becoming unable to meet the heavy sums that the oversees cricketers are demanding.
Furthermore, the Board of Control for Cricket in India's (BCCI) decision to bar its players from participating in the league had seriously hindered the financial viability of the league.
The involvement of Indian stars in the event was seen as crucial to draw television audiences in the lucrative Indian market.
Sri Lanka co-hosted the 2011 World Cup at a cost of $69 million, far surpassing its projected budget amidst allegations of financial mismanagement.
India pulled out of its participation in the SLPL after media reports indicated a nexus between the league and sacked IPL boss Lalit Modi.