The Board of Control for Cricket in India's (BCCI) Financial Panel came down heavily on Chennai Super Kings for under valuation of the franchise and alleges it has cheated the board.
BCCI's Financial Committee headed by Jyotiraditya Scindia discussed the issue of Chennai Super Kings valuation of just Rs 5 lakh in the meeting and promised appropriate action against the franchise next week.
During the meeting, The Panel also discussed about the BCCI expenditure on legal matters going up to Rs 56 crore in the past 2 years. Hence, It decided to call off the plans to increase the infrastructure subsidy to the affiliated state associations from Rs 50 crore to Rs 75 crore.
The panel also took note of BCCI paying Justice Mukul Mudgal committee which is probing the IPL spot fixing scam and Justice RM Lodha committee appointed by Supreme Court Rs 1.5 crore and Rs.3.90 crore respectively.
BCCI's Financial Committee headed by Jyotiraditya Scindia discussed the issue of Chennai Super Kings valuation of just Rs 5 lakh in the meeting and promised appropriate action against the franchise next week.
During the meeting, The Panel also discussed about the BCCI expenditure on legal matters going up to Rs 56 crore in the past 2 years. Hence, It decided to call off the plans to increase the infrastructure subsidy to the affiliated state associations from Rs 50 crore to Rs 75 crore.
The panel also took note of BCCI paying Justice Mukul Mudgal committee which is probing the IPL spot fixing scam and Justice RM Lodha committee appointed by Supreme Court Rs 1.5 crore and Rs.3.90 crore respectively.