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When our region the Caribbean was about to host the Cricket World Cup in 2007. The Jamaican Minister of Finance, at the time, Omar Davies disclosed that the Caribbean Community (Caricom) heads of government decided to host the event because of the additional benefits expected to come to the region and not in terms of straight economic and financial analysis. He even quoted potential losses in the region of US$95 million, with the Jamaican government spending US$105 million and only expecting to earn US$10 million in revenue from the event. I don't know about you but I feel that this kind of financial hit for a third world country's economy, like Jamaica's, would be devastating. Numerous sectors of government will have to be neglected and the people of the country will continue to suffer in the form of increased taxes for years to come in order to help balance the budget. Three years on from the event and you see exactly what this commentator was afraid of. What benefits could you honestly say that Jamaica and her people got from the event? Forunately next week I will put forth the speculated benefits and allow you to decide if actually hosting a name tournament actually helps the conutry or countries it is staged in in the long run.
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