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What is the deal with the BCCI?

Business

The BCCI’s top brass have been trying to convince the government to give it a go for months.

This week the government, in the face of growing pressure from various stakeholders, announced a $1 billion concessional loan to the organisation, a step it hopes will make it an economic engine in the state.

The government’s announcement came just hours after the top cricket official at the BCCA, Vijay Mallya, quit as president of the board, alleging a series of “incompetent and dishonest” conduct.

The decision was hailed by BCCA president Ashish Shelar, who said the move would give the organisation a financial boost.

“The BCCI has made a lot of efforts to come to terms with the Government of India and we will continue to do so,” he told reporters at a press conference on Friday.

“We will keep working to create a sustainable and positive BCCI in India.

It is unfortunate that the decision has been taken but we have to go ahead with it.”

Shailesh Kumar, the chairman of the BCCL, told reporters the organisation would be looking at the Government’s decision in the coming days.

“It is a decision which is based on the recommendations of the committee headed by the chairman,” he said.

The BCCA had previously sought the government’s permission to set up a committee to study the issue of the franchise, which has faced serious financial problems since the BCCAs inception in 2013.

The BCCA has a budget of $3.5 billion and about $1.5 million per game.

The committee will have to report back within two months on the results of its work.

“This is the first time that we are talking about the future of the Indian cricket league.

We have been in talks with various stakeholders for years,” Shelar said.

“The committee has already taken a final report, and it will be presented to the BCCB and the Government as soon as possible.” 

He said the committee will not just study the issues of the current franchise but will also look at how the Indian team is run and develop a blueprint for how it could be restructured.

The report will be submitted to the government for consideration.

Shivraj Singh Chouhan, the BCCC chairman, told journalists the decision was “very important” for the future growth of the game in India, which he said would help to revive the league.

“It’s a step forward for the BCC cricket team, and for the growth of cricket in India,” he added.

The president of India’s governing body, Amitabh Bachchan, also welcomed the move and said it would “open the door for other organisations to take over the BCCCs licence and help to bring the sport to a new level”.

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