Sports

IPL 2020: ‘Unhappy’ franchisees to discuss unexpected prize-money cut

The eight IPL franchisees, who are unhappy with the BCCI’s decision to halve the prize money corpus to Rs 25 crore, will soon meet to decide the course of action over the board’s “unexpected” move. While the prize money to be distributed among the top-four teams stays at Rs 50 crore, the play-off standing fund to be distributed among the franchisees has been slashed from Rs 50 crore to Rs 25 crore.

On top of that, they will have to pay Rs 50 lakh to state associations for hosting an IPL game, an increase of Rs 20 lakh. The IPL 2020 begins on March 29.

“We are unhappy that the play-off standing fund has been halved. We were not even consulted. The franchisees have been discussing it informally and will soon have a formal meeting to discuss the issue,” an official from a South-based franchise said.

The winning franchise now stands to earn Rs 10 crore from the play-off standing fund as compared to Rs 25 crore earlier, runners-up Rs 6.25 crore instead of Rs 12.5 crore and Rs 4.3 crore each for teams which finish third and fourth (earlier it was Rs 6.25 crore).

“It is a big hit. We are discussing it internally as well as with other teams. All the teams are meeting soon to discuss it,” said an official from another franchise.

Defending champions Mumbai Indians host Chennai Super Kings in the IPL opener at Wankhede Stadium on March 29.

Click to comment

Leave a Reply

Your email address will not be published.

seven − seven =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

Address:
D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us