The eight IPL franchisees, who are unhappy with the BCCI’s decision to halve the prize money corpus to ₹ 25 crore, will soon meet to decide the course of action over the board’s ‘unexpected’ move.
While the prize money to be distributed among the top-four teams stays at 50 crore, the play-off standing fund to be distributed among the franchisees has been slashed from 50 crore to 25 crore.
On top of that, they will have to pay 50 lakh to state associations for hosting an IPL game, an increase of 20 lakh. The IPL 2020 begins on March 29.
“We are unhappy that the play-off standing fund has been halved. We were not consulted. The franchisees have been discussing it informally and will soon have a formal meeting to discuss the issue,” an official from a South-based franchise 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,” said an official from another franchise.
Defending champions Mumbai Indians host Chennai Super Kings in the IPL opener at Wankhede Stadium on March 29.
