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T&T receive $1.5 million from WICB

Published:Wednesday | January 23, 2008 | 1:56 PM

The WICB has paid out US$1.5 million to the Trinidad and Tobago Local Organising Committee (LOC).

The money is for T&T share of profits from the Cricket World Cup last year.

Former Chief Executive Officer of the LOC, Anand Daniel revealed this yesterday.

The payment comes a week after a threat by Guyana’s President Bharrat Jagdeo, to sue the regional body for US$1 million owed to the Guyanese LOC, as its share in the profits.

A WICB official close to the situation said the delay in paying the Guyanese LOC came about because of a query.

The profit paid out to the LOC came from the sale of tickets, for venues in that particular country.