IPL champions prize money halved, employee tickets downgraded: BCCI

The Board of Control of Cricket in India (BCCI) had on Wednesday (March 4) decided to slash the prize money for this year’s champions and the runners-up of the Indian Premier League (IPL) to almost halve as part of its cost-cutting measures for the upcoming 13th edition.

In a circular sent to all IPL franchises, the BCCI has notified that instead of a whopping ₹20 crore, the IPL champion team will now receive ₹10 crore and the two losing qualifiers will now get ₹4.3 crore each in the glitzy event which gets underway on March 29.

“The financial rewards have been reworked as a part of the cost-cutting measures. The champions will get ₹10 crore instead of ₹20 crore. The runners-up will get ₹6.25 crore from earlier ₹12.5 crore,” a BCCI notification, in possession of PTI, read.

“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.

However, state associations hosting IPL games will get ₹1 crore with franchises and BCCI contributing ₹50 lakh each.

It has also been learned 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 flight time is less than eight hours.

(With inputs from agencies)