BCCI may cut down Expenses

News

New Delhi, April 30: With the coming of a new set up in the Board of Control for Cricket in India, the new regime is now keen to cut down the rising expenditure.

This may be considered due to excess staff, high salaries of some employee, humongous legal bill incurred in fighting 57 court cases-pensions of retired players and tax cases. 

With the coming up of a team of Jagmohan Dalmiya and Anurag Thakur, the duo apart from bringing sanity to the functioning of the Board, wants to ensure that the organisation remains in sound financial position even years from now. The Board will also investigate all the expenditure incurred during N Srinivasan's reign.

The net worth of the Board on March 31, 2014 was Rs 4,089 crore.

The rising expenses have worried the Board officials. This behaviour is valid keeping the astonishing rising legal bills, which have skyrocketed 16,727 times in 20 years. From being Rs 2.01 Lakh in 1995-96, the legal expenses have gone to Rs 4.23 crore in 2014-15.

The office-bearers feel that a lot of the money can be saved by trimming high salaries of some employees.

The Board has also sent back the request for increase in players’ and umpires' pension to the finance committee to see if they can sustain an increase.

More Articles