BCCI’s cost cutting measures: IPL prize money halved - Here is how much the champion will get this season
As part of its austerity drive, the Board of Control for Cricket in India (BCCI) has decided to halve the prize money for IPL champions and the runners-up this season. This is part of its cost-cutting measures for the upcoming edition. A circular was sent to all IPL franchises in which the BCCI notified that instead of a whopping ₹20 crore, the IPL champion team will now receive ₹10 crore. The season is slated to begin on March 29.
“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.
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The two losing qualifiers will now get ₹4.3 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, state associations hosting IPL games will get ₹1 crore 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 for flying to Asian countries (Sri Lanka, Bangladesh, UAE) where the fight time is less than eight hours.
(With PTI inputs)