Smith: Lara stadium launch cost $2.4M

Smith said this cost was drawn from three entities. His ministry gave $1.9 million, the Sports Company gave $299,000 and Udecott spent $119,000.

He said the event generated revenues of $724,000.

These came from ticket sales, sponsorship and rental of the party stand.

Padarath asked if the $2.41 million including the cost of players, to which Smith replied yes and gave a breakdown.

“Appearance fees, airfare, accommodation and broadcast $964,000; cricket event logistics $281,000; marketing $495,000; advertising $19,000; and groundsman $13,000.” Smith said the cost for private entities to hire the stadium is now being calculated by his ministry and will be sent to Cabinet for approval.