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Conflict of interests arise between BCCI and the franchise owners over new financial rules
IPL 2020

Conflict of interests arise between BCCI and the franchise owners over new financial rules

Controversies over the new financial rules proposed by BCCI have rose ahead of the Indian Premier League season 2020. Recently, BCCI has changed the financial plan of the extravagant cricket league by cutting down the winning prizes by 50% and increasing the payment made to the state association by the franchise owners by 66%.

This has proposed the franchise owners to protest against the decision while thinking about the unwanted outcomes of it. These owners include Shahrukh Khan (co-owner of Kolkata Knight Riders), Parth Jindal (majority owner at Delhi Capitals), Akash Ambani (Mumbai Indians), Kasi Viswanathan (CEO Chennai Super Kings).

The franchise owners wrote a letter to the governing body of IPL and also dispatched an email carrying their concerns. One of the franchise owners questioned the authorities about how will they make money amidst increasing prices and Corona Virus outbreak- which is expected to reduce the crowd turnover. The franchise owners have collectively turned down BCCI request by calling this decision “arbitrary”. With less than 20 days left before the mega-event, the issue has not been sought out yet.