Cost-cutting: BCCI halves IPL-2020 prize money to Rs.10 crore
The winners of 2020 Indian Premier League (IPL) 2020 champions’ trophy will receive only half the amount of last year’s winners as per the recent decision made by the Board for Cricket Control in India (BCCI). The BCCI has also sent a circular to all IPL franchises and stakeholders notifying that the champion team would get only Rs 10 crore instead of Rs.20 crore as a part of the cost-cutting measures. The runners-up will get Rs 6.25 crore from earlier Rs 12.5 crore.
A source at the BCCI said that the franchises are all in good health. He added, “They (the BCCI) also have multiple ways like sponsorships to bolster their income. Hence the decision on prize money taken.”
However, the circular added that the franchises would have to pay their respective state associations Rs 30 lakh to host each match and that the fee has been upped by Rs 20 lakh. As a result, the franchises will now have to pay Rs 50 lakh per match to the state association.
The source also added that the mid-level BCCI employees won’t be allowed to avail of business class flights like earlier times for flying to the Asian countries (like Sri Lanka, Bangladesh) and the United Arab Emirates where flying time is less than eight hours.