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Sport Ministry confirms TT$20 million outlay for next three CPL finals

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.

Photo: Cricket fans celebrate a thrilling CPL contest between Trinbago Knight Riders and St Kitts and Nevis Patriots at the Queen’s Park Oval on 14 August 2017.
TKR won by four wickets, finishing with 161 for 6 in the highest run chase of the season.
(Courtesy Sean Morrison/Wired868)

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.

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“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.

Photo: Trinidad and Tobago winger Kedie Johnson (far right) celebrates her goal against Haiti with teammates (from left to right) Ranae Ward, Dennecia Prince and Shenieka Paul during CONCACAF Women’s Under-20 Championship action at the Ato Boldon Stadium in Couva on 18 January 2018.
(Courtesy Sean Morrison/Wired868)

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  2. This the only country where the stadium is full for every game so yeah plus we will make a nice piece of cream

  3. That cricket will bring in a lot of money to the country

  4. No money for health drugs…..sigh

  5. Now all off are sudden we have money!

  6. Sports Tourism is the way to go to bring in much needed visitors to these shores which in turn would boost the dwindling foreign exchange earnings. Hotels would be fully booked and there would be an increase in commercial activity.

  7. cricket lovely cricket blue sky gentle breeze champions champions champions

  8. Is the only place to have the finals, NO other Caribbean country have this kind of action.

  9. Great, the impact on tourism and the country advertisement will be greatly enhanced.

  10. It takes money to make money and this is a massive international commercial opportunity which I hope that can be capitalized on culturally etc.

  11. Them Caribbean country will cuss

  12. Great opportunity here for tourism. Opportunity to build packages combining day trips to Tobago and other events. Easy targets of diaspora in North America and Caribbean region.