Sports Cricket 30 Mar 2017 BCCI to release matc ...

BCCI to release match funds before start of IPL 2017

PTI
Published Mar 30, 2017, 2:54 pm IST
Updated Mar 30, 2017, 2:55 pm IST
As per norms, each staging association gets Rs 60 (Rs 30 lakh by the franchise and the rest by BCCI) lakh to host every IPL match.
The BCCI COA decided on Thursday, that the state association, whose grounds will be used for the IPL matches, will be paid before the IPL, rather than after it. (Photo: AFP)
 The BCCI COA decided on Thursday, that the state association, whose grounds will be used for the IPL matches, will be paid before the IPL, rather than after it. (Photo: AFP)

New Delhi: Remodelling the IPL payment method, the Committee of Administrators (COA), on Monday, agreed to release match funds to state associations before they host their first match.

As per norm, each staging association gets Rs 60 lakh to host every IPL match. From the total amount, Rs 30 lakh is paid by the IPL franchise before the start while BCCI used to pay its share two weeks after the completion.

 

However, in a departure from the current norm, the COA after a meeting with the officials from 10 state associations has decided that the BCCI's share will also be paid before the start of the IPL season.

"We will get the entire amount before the first match at each centre. The COA was very receptive to our suggestions and said that from this edition the Rs 30 lakh per match that BCCI disburses for staging associations, it will be paid before the first match," Presidents of a state unit said on the condition of anonymity.

The representatives of 10 staging units (Delhi, Karnataka, Mumbai, Maharashtra, Bengal, Punjab, UP, Hyderabad, Saurashtra, MP) met the COA to discuss disbursement of funds.

 

Therefore as per Thursday's decision, the likes of Kolkata, Delhi, and Bangalore will be getting a minimum of Rs 4.20 Cr (Rs 60 lakh per match for minimum 7 games) before the start of the first match. Similarly, UPCA which is hosting two matches in Kanpur, will get Rs 1.20 Cr.

Asked if there was any kind of animosity or bad blood between the state unit officials and COA, the senior office-bearer rubbished the rumours.

"It was a very cordial meeting. The best part was that COA and the officials of staging unit are all on the same page. If there are some disgruntled members, it's their headache but the staging units were all on the same page," he said.

 

Only Vinod Rai and Diana Edulji represented the COA on Thursday, as Ramchandra Guha and Vikram Limaye were not present.

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