Sunday 7 March 2021
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IPL franchise owners upset with BCCI for prize money cut

48 h after the BCCI notified the champion in 2020 would get half the older amount as the prize, the IPL franchise owners decide to protest

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Sports IPL franchise owners upset with BCCI for prize money cut

The decision of the Board of Control for Cricket in India (BCCI) to reduce the IPL prize money by half before the 13th season of the Indian Premier League has upset the franchises. Following the BCCI decision, the eight IPL franchises met and now their owners have decided to send a letter to BCCI President Sourav Ganguly.

In a circular sent to all IPL franchises, the BCCI had notified three days ago that instead of a whopping Rs 20 crore, the IPL champion team would receive Rs 10 crore this year. “The financial rewards have been reworked as a part of the cost-cutting measures. The champions will get Rs 10 crore instead of Rs 20 crore. The runners-up will get Rs 6.25 crore from earlier Rs 12.5 crore,” the BCCI notification read.

IPL 2020

Sources say that all the eight franchises of IPL are united on this matter. After 48 hours of deliberating upon the BCCI’s decision to reduce the IPL prize money, the franchise owners decided to confront the BCCI together.

The team of Delhi Capitals was the initiator of the dissent. After it said that all the franchisees would be affected by this decision, the other franchises agreed to talk to the BCCI.

The owners of the IPL teams will sign the letter and then it will be sent to Chairman of the Board of Control for Cricket in India, BCCI, Ganguly. The biggest issue the letter will raise is the IPL prize money reduction by 50%. A source said, “The thing is that while making this decision, we were not even informed about it. We came to know about this after the news appeared in the media.”

Has the letter been sent to BCCI? To this question, the source said, “It is ready and will reach BCCI president Sourav Ganguly in the next 24 hours. Six franchisees have agreed to it while Mumbai Indians and Chennai Super Kings have been informed and they will surely agree. We spoke over the phone and via messages. It is difficult to talk to the owners of all the franchises together.”

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