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Posted at: May 17, 2018, 2:47 AM; last updated: May 17, 2018, 2:47 AM (IST)BRIEFLY

Lanka cricket reaps record profits despite shocker year

Colombo: Sri Lanka's cricket board today announced a profit of $14 million last year, far above all previous records despite one of the worst on-field performances by the islanders in years. The board said it made a net profit of 2.12 billion rupees ($14 million) in 2017 -- a staggering 33 times what it made the year before.  “This was a result of SLC's strategic growth plans and prudent financial management,” the board said in a press statement. The board, though, did not elaborate on its dramatic turnaround. But sources attributed the sharp rise in profits to a packed 2017 calendar which featured home series against Bangladesh, India and Zimbabwe. Earnings from the broadcasting of the Indian tour were thought to be a major contributor to the coffers, but Sri Lanka Cricket would not comment. The record-breaking profits were the only good news from an otherwise woeful spell for Lanka cricket, with the islanders enduring their worst year since winning the World Cup in 1996. 

Minsk

Maradona joins Belarus's Brest as chairman  

Diego Maradona has signed a three-year contract to join top-flight Belarusian club Dinamo Brest as chairman, the club said. Argentine legend Maradona last month stepped down as coach of United Arab Emirates second division club Al-Fujairah. “Yes, Diego's with us!” the club wrote on its official Twitter account late Tuesday, following media rumours over the weekend. Maradona, one of football's most divisive figures off the field, will oversee the “strategic development” of the club when he takes over following the June14-July 15 World Cup in Russia.

New York

$500m settlement reached in Nassar sex abuse scandal  

Hundreds of women sexually abused by disgraced gymnastics doctor Larry Nassar have tentatively agreed to a $500 million settlement with Michigan State University, Nassar's former employer, attorneys for both sides said on Wednesday. The deal calls for the school to pay $425 million to the 332 victims represented in current litigation, with another $75 million set aside in a trust fund which could go to future plaintiffs, the attorneys said in a joint statement.

London

Former England defender Ray Wilson dies   

England's 1966 World Cup winning defender Ray Wilson has died aged 83, his former club Huddersfield Town said on Wednesday. Derbyshire-born Wilson was signed by Bill Shankly and went on to establish himself as first-choice left back for both club and country. At 31, he was the oldest player in England manager Alf Ramsey's starting lineup which defeated West Germany 4-2 in the 1966 World Cup final at Wembley Stadium. — Agencies

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