Sri Lanka Cricket says, all possible precautions have been taken to safeguard the integrity of the upcoming Sri Lanka Premier League.
In a release issued in response to certain reports which questioned the integrity of some of the franchisees, SLC says, it will conduct the upcoming SLPL according to the ICC Code of Conduct, in conformity with the ICC anti-corruption and anti doping guidelines.
Sri Lanka Cricket says, franchisees were offered to the highest bidders and in that process it was difficult to screen each party prior to the awarding of the franchise.
“In the circumstances, SLC laid down stringent safeguards to ensure that all parties who tendered bids for a Franchise met the strict qualification criteria laid down by SLC” added the statement issued by the SLC.
It also informs that fundamental to the qualification criteria was the condition that any prospective bidder cannot be engaged in gaming and betting activities.
SLC also have assessed whether the bidders have sufficient financial resources to meet their commitment to SLC and the players.
Accordingly, franchise holders are expected to provide a upfront bank guarantee in favor of SLC to secure the player payments and the franchise consideration.
SLC says “Franchise agreement thereafter entered into by the successful bidders also contained clauses by which each of the successful bidders held out that the Franchisee is an entity which is not involved in any activity which is contrary to the Sports Law or to the ICC Rules which also includes gaming and/or betting activities”.
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