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Speaking to 'The Indian Express', BCCI Treasurer M P Pandove said this was the first instalment of foreign exchange disbursal to IPL’s account and the amount could well go up to $30 million. “This is the working capital we have given the IPL for starting their accounts for the year. If need be, we will release $10 million once more or even twice,” he said.
Critical to the ongoing negotiations between IPL and its teams is just who will bear the extra burden of business class travel for the players, hotel bills and the substantial fee for booking stadia. And who will offset losses should ticket sales not match the numbers calculated when the tournament was to be played at home.
While some BCCI officials told The Indian Express that the teams had been “assured” yesterday that a “substantial” part of the expenses on travel and hospitality will be borne by the IPL, Pandove said the subject will be given “conscious consideration” at a later stage — well before IPL-2 kicks off.
“At present, we are all calculating what the cost of hosting the tournament abroad will be. Once that calculation is done, only then we can think of sharing costs,” the BCCI Treasurer said. “Suppose after doing the calculations, the teams feel the escalated costs are making their investment in the tournament unviable, at that stage we will give their pleas a conscious consideration.”
BCCI officials also admitted that the dramatic decision to host the IPL-2 abroad might, eventually result in state associations, too, getting a reduced share of the commercial pie. In practice, the BCCI distributes 70% of its commercial revenue every year to state associations and retains the remaining 30%.
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If Cricket is what it is today, It's because of a few million viewer's who watch it on TV. When test got too boring, the one day games were introduced and now it has come down to Twenty-20. All this only to keep the cash flowing into the pockets of a few hundred people. Rs.50 crore or maybe triple that, the BCCI is ready to spend. Why not, the Indian Premier League is basically a business venture of Indians and not anything more than just that. It is not India, home to a billion people, of which more than two thirds of the people are more concerned with where their next meal is coming from, rather than a casual game of cricket. I can understand some national passion when it's one country playing against another. But this? All this bickering for mere mercenary contest. How dare these people put an election in the Worlds largest democracy on a level of equal importance. The BCCI is too stuffed with money to recognize that they are nothing comparable to this Nation.
Smashing move by BCCI to offer safe passage !Now Indian bigwigs can not only convert black to white , but also park it abroad.