Jay Shah has recently shared that the board spends the revenue generated from the cash-rich Indian Premier League (IPL) in improving the grassroots infrastructure and domestic cricket.
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BCCI General Secretary Jay Shah revealed that the board spends the revenue generated from the cash-rich Indian Premier League (IPL) in improving the grassroots infrastructure and domestic cricket. The IPL has seen a rapid rise and becomes a massive source of revenue for the Indian cricket board since its inception in 2008. The T20 league will expand from 8 to 10 franchises in the upcoming season.
“At BCCI, the growth of the game is of paramount importance and our entire focus will be on making cricket better, making the lives of cricketers better and building better infrastructure for everyone to play the beautiful game. The revenue generated from the IPL goes back into the game to firm up our grassroots infrastructure and domestic cricket,” Jay Shah was quoted as saying by The Times of India on Wednesday.
In the upcoming days, the media rights for the IPL will go on sale with the board expecting a windfall for the 2023-27 cycle as well.
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“Doing our best to acquire the justified value that a brand like IPL warrants is definitely on top of my mind. At the same time, we will also maintain complete transparency and that is one of the reasons why the media rights will be awarded through an e-auction. We are in the closing stages of our discussions to finalise the dates to float the tender and we will come out with the ITT over the next few days. As per the standard guidelines, we will complete the process within 45-60 days once the tender is released,” he further added.
Jay Shah also shared his views on the challenges the BCCI had to overcome for successfully conducting IPL amidst the global pandemic novel covid-19.
“Given the circumstances we were in, the challenge just got amplified. But through collective determination and resolve we made it possible. I have mentioned this several times in the past that India will always be IPL’s home. And that’s what we wanted to do in 2021 with all necessary precautions in place, but despite our best efforts, there were some positive cases detected inside the bubble and we had to pause. We put the health and safety of our stakeholders right at the top. Many thought the league was over, but we remained focused and had faith in our processes,” Jay Shah concluded.
