Comments
The BCCI has decided to halve the prize money for this year’s IPL champions and the runners-up as part of its cost-cutting measures for the upcoming edition.
In a circular sent to all IPL franchises, the BCCI has notified that instead of a whopping ₹20 crore, the IPL champion team will now receive ₹10 crore only. “The financial rewards have been reworked as a part of the cost cutting measures. The champions will get ₹10 crore instead of ₹20 crore. The runners-up will get ₹6.25 crore from earlier ₹12.5 crore,” a BCCI notification, in possession of PTI , read.
The two losing qualifiers will now get ₹4.375 crore each. “The franchises are all in good health. They also have multiple ways like sponsorships to bolster their income. Hence the decision on prize money taken,” a senior BCCI source said.
However, a state association hosting IPL games will get ₹1 crore each with franchises and BCCI contributing ₹50 lakh each. It has also been learnt that mid-level BCCI employees won’t be allowed to avail business class flights like earlier times for flying to the Asian countries (Sri Lanka, Bangladesh, UAE) where the flying time is less than eight hours.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.