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First Capital Announces Platinum Sponsorship and Steps onto the Rugby Field with CR&FC

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First Capital Holdings PLC, a Janashakthi Group Company, proudly announces its partnership with the Ceylonese Rugby & Football Club [CR&FC] as the Platinum Sponsor for the upcoming rugby season. This collaboration marks First Capital’s first venture into the rugby realm through its association with CR&FC, with aims of fostering the growth of rugby in Sri Lanka, which boasts a large following. CR&FC, with its illustrious 100-year legacy in Sri Lankan Rugby, stands as a testament to the country’s rich Rugby heritage, having produced exceptional players who have represented the nation. In line with this legacy, the club has a visionary plan to establish a Rugby academy in the future. First Capital is proud to partner with this exceptionally strong team and will support CR&FC through yet another successful Rugby season.

By partnering with CR&FC, one of the greatest Rugby clubs in Sri Lanka, First Capital looks forward to uplifting one of the nation’s most passionately followed sports. As both dynamic organisations place a strong  emphasis on ‘Performance First’ this partnership is destined to reach new heights with countless benefits for all. 

Randinith Madanayake, Head of Marketing at First Capital, emphasised the significance of this partnership, stating, “At First Capital, our guiding principle is ‘Performance First.’ Partnering with CR&FC, a club synonymous with on-field excellence, allows us to extend this ethos to the wider community and showcase our commitment to sports in Sri Lanka during what has been a particularly difficult season. We believe Rugby has a promising future in Sri Lanka and are committed to fostering excellence in the sphere of Sri Lankan sports. First Capital is also committed to supporting the financial awareness of athletes. This sponsorship not only represents a pivotal step towards fostering the holistic development of Rugby in Sri Lanka, but also represents a step towards improving the lives of all Sri Lankans through financial solutions. We firmly believe that financial empowerment is essential for this progress, and we are fully prepared to provide that support.”

With a strong emphasis on upholding stability, fostering a competitive advantage, and providing an exceptional customer experience, First Capital focuses on staying true to its ‘Performance First’ spirit. First Capital stands strong with robust fundamentals, dedicated teams, and the support of the Janashakthi Group, allowing it to weather challenging market cycles. The organization is actively expanding its reach and significance by embracing an evolving digital platform, bolstering its digital capabilities, and integrating its operations. These efforts are aimed at transforming client experiences, fostering operational efficiency, and driving overall growth & sustainability.

END.

About First Capital Holdings PLC:

First Capital Holdings PLC is a member of the Janashakthi Group, focused on delivering ‘Performance First’ through its operations as primary dealer, corporate finance advisory, wealth management and stock brokering.

With over four decades of expertise in providing capital market solutions, First Capital Holdings PLC is a listed full-service investment institution in Sri Lanka. First Capital Holdings PLC is rated [SL] A with Stable outlook by LRA.

The Board of Directors of First Capital Holdings PLC comprises of Nishan Fernando (Chairman), Manjula Mathews (Deputy Chairperson), Dilshan Wirasekara (Managing Director / Chief Executive Officer), Ramesh Schaffter, Minette Perera, Chandana de Silva and Nishan de Mel.

Cricket

Sri Lanka, India to Clash in Two-Test Series in August

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Sri Lanka and India are set to play a two-match Test series between August 15 and 27 as part of the ongoing ICC World Test Championship cycle.

Although the official schedule is yet to be announced, Sri Lanka Cricket (SLC) has reserved a two-week window for the series following the conclusion of the Lanka Premier League on August 9. Discussions between SLC and the Board of Control for Cricket in India (BCCI) are continuing to finalise the venues and match dates.

The proposed tour was initially expected to include three Twenty20 Internationals as well, but there has been no confirmation regarding those matches. The T20 games were originally planned as a fundraising initiative for victims affected by Cyclone Ditwah last year.

Meanwhile, BCCI secretary Devajit Saikia is currently in Sri Lanka as part of an International Cricket Council delegation reviewing recent developments in Sri Lanka Cricket administration. The Sri Lankan government recently dissolved the previous SLC body and appointed an interim Sri Lanka Cricket Transformation Committee.

Cricket scheduling remains challenging for India due to a packed international calendar later this year. India are expected to tour Bangladesh in September for a white-ball series, although the tour is still uncertain after being postponed previously because of political tensions between the two nations.

India also have commitments against West Indies and Afghanistan later in the year, along with the Asian Games in Nagoya scheduled from September 9 to October 4.

India’s international season resumes in June with a Test series against Afghanistan before tours of Ireland, England and Zimbabwe.

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Cricket

ICC Delegation Holds Key Talks With President on Cricket Reforms

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Senior representatives of the International Cricket Council (ICC) met President Anura Kumara Dissanayake in Colombo yesterday as discussions intensified over the future of cricket administration in Sri Lanka.

The ICC delegation, which includes Imran Khwaja and Devajit Sakia, is currently in the country following recent changes within Sri Lanka Cricket (SLC). Their visit comes amid growing attention on governance reforms and the restructuring of the national cricket administration.

During their stay, ICC officials also held meetings with members of the newly appointed SLC administration at the board’s headquarters, where discussions focused on restoring stability and strengthening the management framework of Sri Lankan cricket.

The latest developments follow the appointment of a nine-member Cricket Transformation Committee by Sports Minister Sunil Kumara Gamage after the resignation of the previous SLC leadership.

The committee, chaired by Eran Wickremaratne, has been entrusted with overseeing the administration of the sport and implementing a series of reforms until new elections are conducted.

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Pavithra Fernando Urges Reforms to Take Sri Lanka Rugby Forward (Video)

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Sri Lanka Rugby President Pavithra Fernando believes the country possesses the talent and structure at school level to compete with the best in Asia, but says greater emphasis must now be placed on strengthening club rugby and retaining young players in the sport.

Speaking about Sri Lanka’s current standing in Asian rugby, Fernando noted that the national teams remain among the top-ranked sides in the region despite a slight decline following the Covid-19 pandemic.

“At present, Sri Lanka is ranked third in the sevens format and fourth in the 15-a-side game in Asia. Before Covid, we were actually ranked second in sevens rugby. We may have dropped a little, but we have still managed to remain competitive because our schools rugby structure is extremely strong and the club competitions are also of a high standard,” Fernando said.

He added that while Sri Lanka has managed to maintain its place among Asia’s competitive rugby nations, the country has yet to make significant progress towards the top tier.

“We have stayed in contention, but we have not really moved forward and developed beyond that level,” he explained.


Fernando stressed that Sri Lanka’s schools rugby system continues to be one of the strongest in the region, producing players capable of matching leading Asian nations.

Referring to the country’s recent performances at youth level, he said, “Last year, our Under-27 team had only one month of preparation before the tournament, yet we still finished runners-up. We defeated Hong Kong in the first round before losing to them in the final. That clearly shows the standard and potential we have at school level.”

However, Fernando pointed out that the biggest challenge facing Sri Lanka Rugby is the lack of opportunities for players once they leave school.

“More than 90 percent of school rugby players do not continue the sport after school because they do not see a future in rugby in Sri Lanka. That is an issue we must address urgently,” he said.

Fernando believes improving the club rugby structure and creating a sustainable pathway for young players will be essential if Sri Lanka is to challenge the leading rugby nations in Asia and regain its former standing in regional rugby.

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