Cricket World Cup 2011 to cost around 40-50 million dollars

Mumbai, May 28 (ANI): The Cricket World Cup to be staged in 2011 in the Indian sub-continent will cost around 40 to 50 million US dollars.

This was the assessment by the tournament's sub-committee which met here last evening.

The 2011 World Cup sub-committee discussed operational plans and budget estimates with the International Cricket Council (ICC) representatives.

It was also let known that once the event budget is approved by the ICC, the host nations - India, Sri Lanka and Bangladesh will also form their local organising committees for the proper conduct of the tournament.

"It's may be around 40 million dollars. But it depends on the costing that are worked out," said Ratnakar Shetty, chief administration officer, Board of Control for Cricket in India (BCCI) and Tournament Director of World Cup.

He also mentioned that there is a provision for revision of the budget.

"This is a rough budget that has been prepared. If there are changes, ICC's Finance Committee, we will have to go to them and get a revised budget. So that provision is always there," added Shetty.

Last month, the ICC executive board ditched Pakistan, as one of the World Cup 2011 co-hosts by citing the security situation in the country as such the trio of India, Bangladesh and Sri Lanka will host the matches.

Meanwhile, the Pakistan Cricket Board has posed a legal challenge to the ICC decision and also asked for the matter to be referred to an independent arbitration tribunal. (ANI)