Board of Control for Cricket in India to Gain Rs 332 Crore in Two Years, Says Niranjan Shah
Board of Control for Cricket in India official Niranjan Shah said Intex Mobiles and Sanjiv Goenka's New Rising will not take Rs 70 crore from central revenue pool earmarked for Indian Premier League franchises each year. They will also pay BCCI Rs 16 and Rs 10 crore, respectively, for two years.
The Board of Control for Cricket in India (BCCI) is all set to rake in a rich moolah to the tune of approximately Rs 332 crore for two years after roping in Intex Mobiles and Sanjiv Goenka's New Rising as the two new teams for the Indian Premier League.
BCCI senior official Niranjan Shah, who is also supremo of Saurashtra Cricket Association (SCA), was ecstatic that Rajkot has an IPL team and how BCCI will be richer after this deal.
"Getting Test status was a bigger victory but I am ecstatic that Rajkot now has an IPL team now," Shah told PTI. He also explained how BCCI stand to gain over and above Rs 300 crore.
"Look these two franchises have said that they do not want Rs 70 crore from central revenue pool earmarked for franchises each year. In addition, they are paying us Rs 16 and Rs 10 crore per year for next two years. This means in one year we are making Rs 166 crore and for two it becomes Rs 332 crore," Shah explained the whole calculation. (Chennai Super Kings, Rajasthan Royals' Loss is Pune and Rajkot's Gain)
Keshav Bansal, Director of Intex Mobiles was happy with the deal.
"Intex Mobiles are based out of Delhi but we have a strong base in Rajkot. Intex mobiles are market leaders over there. However it's not business but passion that made me bid for a team," Bansal told PTI.
Asked if they think about continuing for more than two years, he said, "It's up to the BCCI to decide on that. We would be happy but then if there's a provision for 10 teams."