The Board of Control for Cricket in India seems to be tightening the purse strings in the backdrop of the economic slowdown in the country ...
The Board of Control for Cricket in India seems to be tightening the purse strings in the backdrop of the economic slowdown in the country as it has decided to halve the play-off standing fund from Rs 50 crore to Rs 25 crore and increase the hosting fee for franchisees by Rs 20 lakh. BCCI also wants the foreign players fee to be paid to their respective national associations to be cut from 20% to 10%, media reports said on Wednesday.
Mumbai Mirror reported that BCCI has sent a mail to the franchisees last Friday informing them about the change without giving any reason.
“The play-off standing fund for 2020 will be as follows: final winner Rs 10 crore; runner-up (loser of the final) Rs 6.25 crore); 3rd place team (loser of qualifier 2 play-off match) Rs 4.375 crore; and 4th place team (loser of the eliminator play-off match) Rs 4.375 crore,” the mail said.
The four teams previously shared Rs 50 crore among themselves in the following way: Rs 25 crore for the champions, Rs 12.5 crore for the runners up, and Rs 6.25 crore each for the other two. The IPL prize money of Rs 50 crore, which is paid above...
