JavaScript is disabled in your web browser or browser is too old to support JavaScript. Today almost all web pages contain JavaScript, a scripting programming language that runs on visitor's web browser. It makes web pages functional for specific purposes and if disabled for some reason, the content or the functionality of the web page can be limited or unavailable.

Sunday, July 13, 2025

T&T Forex problems put CPL bid in doubt

by

20160509

A de­ci­sion on where the fi­nals of the 2016 Hero Caribbean Pre­mier League (CPL) T20 tour­na­ment will be played will be made this week and T&T's for­eign ex­change sit­u­a­tion re­mains a ma­jor fac­tor in the equa­tion.

CPL of­fi­cials are de­mand­ing US $1M in US cur­ren­cy but the T&T Gov­ern­ment is adamant that all con­tri­bu­tions will be paid in T&T dol­lars be­cause of the coun­try's short sup­ply of US dol­lars.

The gov­ern­ment al­so wants its con­tri­bu­tion to pay as many lo­cal bills as pos­si­ble, so that less mon­ey will leave the coun­try. It is un­der­stood that CPL is ask­ing for US $4.5M to award the fi­nals week­end to any of the Caribbean coun­tries.

Ne­go­ti­a­tions are con­tin­u­ing but there is a strong pos­si­bil­i­ty that the or­gan­is­ers will re­ject the T&T cur­ren­cy and play the fi­nals at an­oth­er venue.Guyana is still in the mix as is Fort Laud­erdale, where the last round of match­es will be played.

Sources say the or­gan­is­ers could eas­i­ly ask the fi­nal four qual­i­fiers to stay on for a few ex­tra days in Broward to play the fi­nals. A source close to the sit­u­a­tion told Guardian Me­dia that a de­ci­sion has to be made by the end of this week.

Ac­cord­ing to the source: "The gov­ern­ment is try­ing all that is rea­son­able to bring the fi­nals to T&T but at the same time they want to make sure they do the right thing and use the op­por­tu­ni­ty of stag­ing the fi­nals to as­sist the lo­cal econ­o­my even if it is for a short time."

Ini­tial­ly Guyana was named as the venue for the fi­nals as part of their 50th an­niver­sary of In­de­pen­dence cel­e­bra­tions.

How­ev­er, the T&T Gov­ern­ment asked the CPL own­ers for a chance to make a re­vised bid.Last year, T&T paid US $3.5M to host the event for the sec­ond time in the three-year his­to­ry (the oth­er venue be­ing St Kitts and Nevis). Ini­tial­ly T&T re­fused to pay US$4.5M to host the match­es and in­stead, of­fered US $1.5M which was turned down.


Related articles

Sponsored

Weather

PORT OF SPAIN WEATHER

Sponsored