ICC disburses $2.5 million to Sri Lanka

Sri Lanka Cricket has received $2.5 million from the International Cricket Council (ICC), to help with the costs of hosting the World Twenty20 that begins on September 18, a board official has said.

The $2.5 million includes a string-free grant of $500,000 and a loan of $1 million, as well as $1 million advance payment for ticket sales. The ICC has also guaranteed the Sri Lanka Cricket Board (SLC) an additional $1 million in ticket sales, which will be paid after the tournament ends. The money will be used to upgrade facilities at the Hambantota, Pallekele and R Premadasa stadiums, where the World T20 2012 matches will be held.