Dynamite News BCCI austerity drive: IPL champions' prize money halved
The BCCI has decided to implement strict cost cutting measures with the notable decision being IPL champions' prize money will be halved as compared to 2019.
New Delhi: The BCCI has decided to implement strict cost cutting measures with the notable decision being IPL champions' prize money will be halved as compared to 2019.
In a circular sent to all IPL franchises, the BCCI has notified that instead of a whopping Rs 20 crore, the IPL champion team will now receive Rs 10 crore only.
Also Read: David Warner to lead Sunrisers Hyderabad in IPL 2020
"The financial rewards have been reworked as a part of the cost cutting measures. The champions will get Rs 10 crore instead of Rs 20 crore. The runners-up will get Rs 6.25 crore from earlier Rs 12.5 crore," a BCCI notification.
Also Read |
IPL 2020: Indian Premier League under coronavirus shadow, BCCI taking precautionary measures
The two losing qualifiers will now get Rs 4.375 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.
Also Read: IPL 2020- A bit changes in afternoon match schedule
Also Read |
IPL 2020: IPL postponed to April 15 amidst coronavirus scare
However, a state association hosting IPL games will get Rs 1 crore each with franchises and BCCI contributing Rs 50 lakh each.
It has also been learnt that mid-level BCCI employees won't be allowed to avail business class flights like earlier times for flying to the Asian countries (Sri Lanka, Bangladesh, UAE) where the flying time is less than eight hours. (PTI)