BCCI to donate 10 Crores to support Indian athletes in the Tokyo Olympics

BCCI to donate 10 Crores to support Indian athletes in the Tokyo Olympics

BCCI to donate 10 Crores to support Indian athletes in the Tokyo Olympics.

BCCI secretary Jay Shah post the Apex Council Meet on 20th June revealed that the Indian cricket board will help and donate INR 10 Crores to support the Indian athletes in the upcoming Tokyo Olympics.

The 2021 Tokyo Olympics are slated to begin from 23rd July to 8th August.

The Board of Control for Cricket in India (BCCI) held a virtual Apex Council Meeting on Sunday and the decision to provide financial assistance was taken along with a couple of other key decisions. 

Jay Shah further revealed that the board had earlier received a request from the Ministry of Youth Affairs and Sports (MYAS) and the Indian Olympic Association (IOA) seeking their help.

“The Summer Olympics is scheduled to be held in Tokyo from 23 July to 8th August 2021. The BCCI has decided to support Indian athletes in every form and manner it can. In that spirit, based on the request received from the IOA/MYAS, the Apex Council of BCCI has decided to extend support to the Indian Olympic Association and has pledged a monetary gesture of Rs. 10 crores,” Shah said in its statement.

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BCCI to compensate the domestic Cricketers:

The Apex Council has also decided to form a separate committee to take all the necessary action on the compensation of the domestic players who have suffered a lot during this pandemic.

The BCCI could not manage to schedule a whole domestic season due to the restrictions posed by the pandemic last year.

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Moreover, BCCI president Sourav Ganguly has earlier assured the domestic cricketers about the compensation and support.

“The Apex Council has decided to form a committee to look into the issue of compensation for Indian domestic cricketers for domestic season 2020 and 2021. The Apex Council has mandated the Office-Bearers of BCCI to form the committee and find a suitable compensatory mechanism for domestic cricketers, at the earliest possible,” the statement further read.

BCCI to initial tax exemption talks with ICC:

Apart from these two major decisions, the Apex Council Meeting officials also focused on the tax exemptions from the ICC.

As per the rules, any country hosting ICC events needs to get tax exemptions from their governments, however, the BCCI has consistently failed to bring the Indian government to the same page.

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As a result, the BCCI had to pay a huge sum during the ICC 2016 T20 World Cup. The global body deducted money from the revenue earned by the BCCI from stating the event in the country.

“In the meeting, it was apprised that ICC has to decide whether they want to conclude with the old rule which states that the country hosting the World Cup will have to get tax exemption. Every time BCCI faces this issue and the ICC will have to bear this cost, and not the board. Otherwise, BCCI is fine with not hosting any world event,” an Apex Council member said.

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