Categories: Cricket

BCCI to save RS 1500 Crore in taxes for 3 ICC shows in cycles 2024-31

ICC agrees to bear the burden; US, Namibia, Pak Get the event too; Chairman of the Ganguly Commission of Cricket Delhi: The World Cricket headed to the United States.
The International Cricket Council (ICC) on Tuesday gave the Rights of the T20 World Cup hosting in 2024 to West Indies and the United States.
Namibia will also play co-hosted with South Africa and Zimbabwe for the ODI World Cup 2027.
This step can set an ICC offer to get cricket to the Olympics for the Los Angeles 2028.
match.
Indian cricket board (BCCI) has succeeded in obtaining the rights of three events – the World Cup 2026 T20 (with Sri Lanka), 2029 Champions Trophy and 2031 World Cup Odi (with Bangladesh).
BCCI also found a way to save around USD 200 million because the ICC decided to bear the tax exemption rejected by the Indian government.
Pakistan will host the ICC event after 29 years with the 2025 trophy champion.
The 2009 Champions Cup was transferred abroad to South Africa for security reasons.
The US has held several T20i matches between India and West Indies in Fort Lauderdale in 2016 and 2019.
However, this will be a big boost for Cricket US because their national team will get entries directly into the tournament.
But Namibia must go through qualification because only full member ICC gets automatic qualifications at the World Cup.
“The hosts were chosen through the competitive offer process supervised by the Board Sub-Committee chaired by Martin Snedden (Chairman of NZC) along with Sourav Ganguly (BCCI President) and Ricky Skerritt (President of CWI),” said an ICC statement.
Spain The return of the main cricket tournament to Pakistan is good news.
Now it’s up to Imran Khan and the company to create an atmosphere of safety and security for the next three years and show that ICC doesn’t mistakenly show trust in them.
Old Help for BCCIIN Other major development, BCCI has a large assistance of ICC agreed to bear the tax burden of the Indian Council which did not get 10 percent of tax exemptions from the Indian government.
ICC will bear damage to three ICC events allocated for India in the cycle of 2024-2031.
Toi understand this will help BCCI save at least US $ 200 million (Rs 1500 Crore) for three ICC events.
The Board is scheduled to be subject to loss of around $ 100 million (Rs 750 Crore) for the 2016 T20 World Cup hosting and the ODI World Cup 2023.
The losses can swell to $ 150 million if the T20 World Cup has recently been played in India and not UAE.
According to sources, BCCI President Ganguly and Secretary Jay Shah raised the problem at the ICC board meeting and claimed it was unfair to BCCI to lose a very large amount because there was no mistake.
“Every other cricket board gets tax exemptions from their government.
But BCCI cannot expect the central government to bend the law to us.
Therefore, all members feel that the ICC must bear damage.
However, BCCI produces the heaviest income with the event in India.
BCCI is not necessary Douting from the ICC income pond, “said a BCCI Top official to Ti on Tuesday.
Ganguly replaces Kumble as Chair of the Cricket Committee on other developments, Ganguly has been chosen as Chairman of the ICC Cricket Committee after Anil Kuble finished nine years at the post.
Ganguly has increased from being an observer on the committee.
The cricket committee oversees playing conditions and game regulations.

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

2 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

Sonīpat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

2 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

2 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

2 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

2 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

2 years ago