Trinidad and Tobago will host the next three finals of the Caribbean Premier League (CPL) cricket competition after the government agreed to spend TT$20 million (US$3 million) for that right. The 2018 season is scheduled to run from 8 August to 16 September.
The government, according to a Ministry of Sports and Youth Affairs release, will pay half that sum in cash and the rest in kind, which includes the use of local services like the Brian Lara Stadium in Tarouba, ground transport, hotel, police and fire services with a cap of TT$3.5 million per year.
The cost of hosting the CPL final, which is US$1 million per year, exceeds the initial estimate of US$850,000 in one daily newspaper earlier this year. However, the MSYA pointed out that it is much cheaper than the 2015 final, which supposedly cost taxpayers TT$24 million.
The release stated that the 2017 CPL final, which was won by the Trinbago Knight Riders, raked in TT$23 million in revenue for the country and attracted 37.6 million viewers worldwide.
Sport Minister Darryl Smith said the government’s outlay to clinch the CPL hosting rights was part of a broader “sport tourism” drive.
“2017 saw the best finals ever and to top it all off, the Trinbago Knight Riders won at home at the brand new Brian Lara Cricket Academy (BLCA).” said Smith. “We have built a great relationship with the CPL and cricket fans across the world can expect a great product of high-level excitement and entertainment, just as they did in 2017.”
Trinidad and Tobago hosted the CONCACAF Women’s Under-20 competition in January and the Badminton Continental Team Championships last month. The MYSA also anticipates that the Caribbean International Open Combat Sports Championships and Carifta Championship will be held on these shores later this year.