IPL GC halves the price money in the IPL 2020; Angry Franchises woe to discuss the issue in meeting

IPL GC halves the price money in the IPL 2020; Angry Franchises woe to discuss the issue in meeting

IPL GC halves the price money in the IPL 2020; Angry Franchises woe to discuss the issue in meeting(Pic Source:IPLT20.com

Even before the start the IPL 2020 is already under the cloud of a major controversy. In a major decision ahead of the IPL, the Indian Premier League Governing Council (GC) has halved the price money that is given to the top four teams of the tournament.

According to the official mail sent to the franchises, the IPL GC and the Board of Control for Cricket in India (BCCI) have decided that the four teams in playoffs will be given Rs. 25 Crore in the 13th edition of the tournament among them, instead of earlier share of Rs 50 crore.

Apart from this, in another major decision, the IPL GC has increased the association fees that is given by franchises to the association for every game it hosts. The IPL GC has now raised the amount up to INR 50 Lakh instead of previous amount of INR 30 lakh. This new fees will increase the burden of INR20 lakh per match on each franchise.

According to the reports, both the decisions have been taken without any prior consultation or meeting to the franchises by IPL GC.

An official from South-based franchise said, “We are unhappy that the play-off standing fund has been halved. We were not even consulted. The franchisees have been discussing it informally and will soon have a formal meeting to discuss the issue,” showing his rage against the decision.

From other franchises also, one of the official said, “It is a big hit. We are discussing it internally as well as with other teams. All the teams are meeting soon to discuss it. Such things could have been told to us at a meeting. But there was no such meeting of the owners and they simply increased some fees and reduced others.”

The marquee event will kick start from 29th March this year with defending champions Mumbai Indians (MI) taking on Chennai Super Kings (CSK) at the Wankhede Stadium. The mega tournament will culminate with the grand finale on May 24.

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