Report: BCCI Can Go Bankrupt If IPL 2017 Is Not Held
Mar 9, 2017 at 8:59 PM
BCCI could go bankrupt if they do not host the upcoming edition of Indian Premier League as there has been a legal battle going on between the Supreme Court appointed Committee of Administrators (CoA) and the state associations over the past few months.
The state associations have informed the CoA that the board needs to pay 30 lakh per game for the smooth conduct of the tournament which has been the case all the previous seasons while another 30 lakh will be paid by the respective franchises.
The board are hopeful that the ongoing battle would be put apart as it could severely hamper the smooth progress of the cash-rich league as the associations could go the distance as they can be reluctant to not host the matches without prior advance.
“If they even think of touching the IPL, it’ll be a disaster. Consider this: Even for the sake of an argument, if the 2017 IPL is not held, BCCI will incur losses in excess of Rs 2500 crore. It’ll be bankrupt,” a BCCI official told Cricbuzz.
The associations want a fixed guarantee of the 4 crore payment as even the big associations are reluctant to host the games without the guarantee by the CoA.
“State associations stand to earn Rs 4.2 crore (Rs 60 lakh per match) for all league matches scheduled to be hosted. Of that money, Rs 2.1 crore (Rs30 lakh) is paid by the franchises and the remaining half by the BCCI. “These are tactics which the COA understands very well now.Let’s not forget that the SC is watching,” the official added.