The Board of Control for Cricket in India, ie BCCI, has decided to make major changes before the 13th season of its T20 League IPL. BCCI is going to make many changes in the world's most expensive T20 cricket league i.e. Indian Premier League. Under the cost cutting, the Board of Control for Cricket in India is going to reduce the prize money of IPL, due to which the franchises are not happy.
The BCCI has sent a circular to all the IPL franchises that the IPL 2020 opening ceremony will not take place, while the prize money to the IPL playoff teams is being halved. The Indian Cricket Board has decided to reduce the IPL prize money by 50 per cent, under which the winning teams, runner-up teams and third and fourth-placed teams in the playoffs will get less money.
According to the new circular, BCCI will give Rs 10 crore as prize money to the winning team of IPL. Earlier, Indian Cricket Control used to give Rs 20 crore as prize money to the team that won the Indian Premier League title, but now this amount has been halved, while the team that lost the final match will get Rs 6.25 crore this time. Last year, IPL runner-up team Chennai Super Kings received Rs 12.50 crore.
Apart from this, the teams living at number three and number four used to get Rs 8.75 crore earlier, but now it has been reduced. The losing team of qualifier 2 i.e. the third number team and the team losing the eliminator match i.e. the fourth number team will get Rs 4.375 each. The franchises are not happy with BCCI decision and they are going to talk to the concerned authorities in this matter.
According to the BCCI's Venue Agreement, franchises had to pay Rs 30 lakh to the state cricket association for organizing matches on any ground, but now this amount has been increased to 50 lakhs by the BCCI. However, the same amount will also be given by the BCCI to the State Cricket Association and thus the State Cricket Association will get one crore rupees for a match.