As a cost-cutting move, the Board of Control for Cricket in India (BCCI) has decided to halve the prize money for this year’s Indian Premier League (IPL) winner and the runners-up.<\/p>\n
BCCI sent out a circular to all IPL franchises notifying that the IPL champion team will now receive Rs 10 crore instead of Rs 20 crore earlier. The mega cricket event gets underway on March 29.<\/p>\n
\u201cThe 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,\u201d a BCCI notification, in possession of PTI, read.<\/p>\n
The two losing qualifiers will now get Rs 4.3 crore each.<\/p>\n
\u201cThe franchises are all in good health. They also have multiple ways like sponsorships to bolster their income. Hence the decision on prize money taken,\u201d a senior BCCI source said.<\/p>\n
However, state associations hosting IPL games will get Rs 1 crore with franchises and BCCI contributing Rs 50 lakh each.<\/p>\n
Another new outcome of the cost-cutting is 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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