Thursday, 30 March 2017: Modifying the Indian Premier League payment system, the (COA) Committee of Administrations agreed to release match funds on Thursday to all the host state associations before the first match begin.
As per the method of payment, each staging associations will get Rs 60 lakh to host every IPL match, from the total amount of Rs 30 lakh will be paid by the IPL match before match start.
BCCi will pay its share two weeks after the completion of the League. But in an exit from the current average, the COA decided in the meeting with the officials from the 10 state associations that the BCCI’s share will also be paid before the IPL begins on this season 10th.
The Presidents of a state unit said to PTI on the condition of anonymity that “We will get the entire amount before the first match at each centre. The COA was very receptive to our suggestions and said that from this edition the Rs 30 lakh per match that BCCI disburses for staging associations, it will be paid before the first match.”
Also Read: Australian Skipper Steve Smith Says About Virat Kohli, Check Out!
10 State Units Host IPL Match
The representatives of 10 state units are Karnataka, Delhi, Maharashtra, Mumbai, Punjab, Bengal, Madhya Pradesh, Saurashtra, Hyderabad, and Uttar Pradesh met the COA to talk about the disbursements of funds.
Therefore, as per the decision of Thursday meeting like Delhi, Kolkata and Bangalore will get a minimum of Rs 4.20 Cr (Rs 60 lakh per match for minimum 7 games) before match start of IPL season 10th. Also, UPCA which will host two matches in Kanpur will get Rs 1.20 Cr.
When asked whether there was any kind of hostility or bad blood between the state unit officials meet and COA.
Also Read: Brad Hodge Apologises To Virat Kohli
The senior office-bearer rubbished the rumours that “It was a very cordial meeting. The best part was that COA and the officials of staging unit are all on the same page. If there are some disgruntled members, it’s their headache but the staging units were all on the same page.”