BCCI Coa Look To Cut State Associations’ Share In Revenue
New Delhi: The Committee of Administrators (CoA), in a bizarre move, is now looking to cut down on the state associations’ share in the revenue generated by the Board of Control for Cricket in India (BCCI). The committee asked Chief Financial Officer(CFO) Santosh Rangnekar to meet audit agency Deloitte to discuss the same and chart out a fresh plan that will then be handed to the fund disbursement department of the board.
Speaking to IANS, a BCCI functionary explained the whole process that has been put in place to ensure that the move sees the light of the day. “The current share is at 70-30 with the board getting 30 per cent. But one of the CoA members has proposed that the state associations’ share should be reduced. And that is why the meeting to discuss the same was planned. It is still a work in progress and it hasn’t been passed.
“A presentation on the same is to be done by Deloitte to the CFO and he will then put it forward to the fund disbursement department. Deloitte has been told to give a proposal on how the reworked structure should look like and that is why the meeting, where even CEO Rahul Johri has been asked to be present,” the functionary said.