Rajeev Shukla will continue to serve as the Chairman of Indian Premier League’s (IPL) governing council, Vinod Rai, the Chief of Committee of Administrators (CoA), confirmed on Thursday (March 30).
In February this year, Rajeev had addressed the IPL franchises as chairman of the Governing Council despite the CoA requesting all Board of Control for Cricket in India’s (BCCI) members to self-assess their eligibility to participate in the auction.
The 57-year-old was the IPL Chairman until 2013, but he resigned from the post in the wake of spot-fixing scandal. However, he was reappointed as the Chairman of the powerful Governing Council in 2015.
Meanwhile, the CoA revised the method for allocation of IPL funds in order to release payments to various state associations before they host their respective IPL matches.
As per the original guidelines, every association was allocated INR. 60 lakh to hold each IPL game. Out of that amount, INR. 30 lakh was released by the IPL franchise before the start of the tournament, with BCCI paying the rest two weeks after the tournament ended.
However, after discussing with numerous state associations, CoA has agreed that the ‘BCCI’s share’ will be allocated before the commencement of the IPL season.
“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,” president of a state unit told PTI.
The likes of Kolkata, Delhi, Bangalore will now receive a minimum of INR. 4.20 Cr (INR. 60 lakh per match for minimum 7 games) before the start of their first IPL game.
“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,” a senior office-bearer said.