BCCI: ICC decision to give Rs. 1500 crore savings .. because .. | BCCI to save Rs 1500 crore in taxes for 3 ICC events in 2024 31 cycle

BCCI: ICC decision to give Rs.  1500 crore savings .. because ..

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The West Indies and the United States will co-host the 2024 T20 World Cup. The International Cricket Council (ICC) has issued a statement to this effect. Also revealed details regarding a few other ICC events. The 2027 ODI World Cup will be hosted by Namibia, South Africa and Zimbabwe. Pakistan will host the 2025 Champions Trophy. The country will host the ICC event after 29 years. The 2009 Champions Trophy was moved from Pakistan to South Africa for security reasons.

The Board of Control for Cricket in India (BCCI) has won the rights to host three ICC tournaments. India will co-host the 2026 T20 World Cup with Sri Lanka, the 2029 Champions Trophy and the 2031 ODI World Cup with Bangladesh. The ICC has agreed to cover the tax loss incurred for ICC tournaments in India. This will save the Indian Cricket Board Rs 1,500.

The BCCI will not get even 10 per cent tax exemption from the Government of India. In this context, the ICC has agreed to bear the tax loss for the ICC tournaments to be held in India between 2024-31. The BCCI was relieved by the decision. However .. In the wake of the 2023 ODI World Cup management BCCI almost Rs. 750 crore seems to be the tax burden. If the 2021 T20 World Cup were also held in India .. the burden would be Rs. 1000 crores.

BCCI President Sourav Ganguly and Secretary Jay Shah are reported to have raised the issue at the ICC Board meeting. BCCI claimed that it was unfair to lose such a huge amount without their fault. “Other cricket boards get tax breaks from their government. But the BCCI does not expect the national government to amend its laws for us. Therefore, it was decided that all members should bear the compensation of the ICC.

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