Georgetown Cricket Club `not up for sale’

The executives of the Georgetown Cricket Club today said they viewed with grave concern various articles appearing in the media regarding a business proposal from the New GPC /CPL OP CO and wish categorically state the following:

1. The executives of the Georgetown Cricket Club never approached the New GPC to engage in any business proposal.

2. The executives of the Georgetown Cricket Club never met with the Directors of New GPC/CPL OP CO to discuss any proposal.

3. It was never the intention of the executives of the Georgetown Cricket Club to make any decision with the New GPC/CPL OP CO without consultation and mandate of membership

The statement came in a press release via Sagacity Media Inc

It followed an announcement last week that New GPC/Limacol was withdrawing plans to establish a “world-class” stadium at Bourda following misrepresentations made in the press.

According to a press release issued by Queens Atlantic Investment Inc (QAII), the parent company of New GPC/Limacol, its proposal to the boards of the Georgetown Cricket Club (GCC) and the Georgetown Football Club (GFC) would also have seen the setting up of cricket and football academies that would have benefited the youths of Georgetown. However, in the face of misconceptions created by a story which was published in the Kaieteur News, the company has decided that it will not proceed with the venture.

Principals of the Limacol brand, sponsors of the Limacol T-20 Caribbean Premier League (LCPL) and owners of the Guyana Amazon Warriors said in the release that it was an “opportunity lost to all Georgetown, Guyana and to the country’s youths who are inclined toward sports”.

 

 

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