IPL 2020, a tremendous reduction in prize money!

IPL2020

The Indian Premier League is one of the greatest worldwide cricketing occasions that take place annually. The charm and the money included are the most significant parts of the competition. This season the establishments were placed into a spot of trouble as the BCCI chose to decrease the prize cash. 

In a notice sent a week ago to the establishments, the BCCI proposed to cut down the ‘playoff standing fund’ by 50%. Thus, IPL champs will get 10 crores, having gotten Rs 20 crore a year ago. The next in line will currently get 6.25 crores (down from 12.5 crores) and the third and the fourth-put groups will get 4.375 crores each (8.75 crores prior). 

However, the chairman of the IPL, Brijesh Patel explained that it’s not a cost-cutting move that has been taken by the board. “In 2013, the establishments had mentioned saying they were not bringing in cash in IPL. Thus, the BCCI figured we will likewise contribute with the goal that player payments don’t turn into an issue. Presently, they are procuring more profit. It’s just a loss in benefit,” he said. 

This move from the BCCI will influence the establishments since they will likewise need to shoulder the additional Rs 20 lakh they need to pay as arranging expenses to the home team for every game. 

The lack of prior information to the franchises disappointed them. One of the top officials expressed his disappointment as the decisions were taken without the involvement of the team franchises.

IPL 2020 will begin as Chennai Super Kings face the defending champions Mumbai Indians on the 29th of March at the famous Wankhede Stadium.

𝗚𝗲𝘁 𝗹𝗮𝘁𝗲𝘀𝘁 𝗖𝗿𝗶𝗰𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗳𝗼𝗿𝗺 𝗼𝗳 𝗕𝗹𝗼𝗴𝘀, 𝗔𝗿𝘁𝗶𝗰𝗹𝗲𝘀, 𝗟𝗶𝘃𝗲 𝘀𝗰𝗼𝗿𝗲𝘀, 𝗡𝗲𝘄𝘀 𝘂𝗽𝗱𝗮𝘁𝗲 𝗮𝗻𝗱 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗼𝗻 𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗖𝗿𝗶𝗰𝗸𝗲𝘁 𝗡𝗲𝘄𝘀.