BCCI halves prize money for IPL champions, runners-up

The BCCI has decided to halve the prize money for this year’s IPL champions and the runners-up as part of its cost-cutting measures for the upcoming 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. The glitzy events 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 two losing qualifiers will now get 4.3 crore each.

“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 learnt 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.

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