The President was speaking at a Press Conference he hosted at the Office of the President today and responding to a question by one media practitioner as to whether Guyana regrets the large investment made with regard to hosting the event when the country has not even received its finances as it relates to tickets purchased from the West Indies Cricket Board.

 “I’ve written to them and if they don’t pay us, we’re going to file a lawsuit against them. They owe us a large sum of money. We want our money that we earned. They’re sitting on our money. This is money that’s supposed to come to use from the gate proceeds,” the Head of State explained. 

He said he does not for one bit regret that Guyana was a host as the country benefitted greatly. He added that Guyana needed a new stadium as the Georgetown Cricket Club Ground at Bourda would soon have not been fit to hold large matches and the country’s hosting of Test cricket matches would have been jeopardized.  

President Jagdeo emphasised that with the new stadium, there needs to be maintenance and more matches organised for the edifice to be fully utilised.

He said that Guyana now has the experience to host international events and there is a number of large hotels constructed for the event which lent support to the tourism and hospitality sector.

 “We all now recognise our hotel capacity has been greatly enhanced,” the President reiterated.  

As it relates to the proceeds from CWC, the President said it is quite upsetting that this has not been received yet and Guyana will have no choice but to resort to the Courts if it is not paid the over US $1M it is owed.

Source: gina.gov.gy