BCCI to Donate Rs 10 Crore to IOA to Support Indian Athletes Competing at the Tokyo Olympics

Mumbai, June 21: The Indian cricket board will "donate" Rs 10 crore to the Indian Olympic Association (IOA) to help Indian athletes competing at the Tokyo Olympic Games subsequent month, it was determined at an emergent assembly of its apex council.

The help to the IOA has come as a little bit of shock, significantly contemplating some lingering doubts about the Olympic Games really going down due to Covid-19 scenario round the world and its "impending" third wave. Certain individuals and organisations have known as for the postponement/cancellation of the July-August Games, which have been scheduled for final 12 months however have been postponed due to the pandemic. Have Identified Over 200 Opportunities to Reduce Costs of Postponed Tokyo Olympic 2020: IOC.

Also, the IOA isn't actually poor by its personal requirements. As per the 2018-19 stability sheet, the IOA is price Rs.39.12 crore. But it has nonetheless not uploaded the 2019-20 stability sheet whereas the 2010-21 accounts may very well be work in progress.

Besides, the IOA has 4 "national sponsors", in accordance to its web site. They are MPL Sports Foundation, Inox Group, Nippon Paint, and Edelweiss. And, till just lately the IOA had a package provider in Li-Ning, a Chinese firm, with which it had signed a contract in 2018 that coated the Tokyo Olympics. Reportedly, the Li-Ning contract was price between Rs 5 crore and Rs 6 crore.

The Board of Control for Cricket in India (BCCI), in accordance to its 2018-19 stability sheet, is price Rs.14,489.80 crore. Surprisingly, it has nonetheless not uploaded the stability sheets of 2017-18 and 2018-19, which ought to have been carried out by now, whereas it's understood that work on the 2019-20 accounts is on.

"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 [Ministry of sports], the apex council of BCCI has decided to extend support to the IOA and has pledged a monetary gesture of Rs.10 crores," the BCCI stated in a late night assertion on Sunday.

The BCCI hoped the Indian athletes would "return with more medals than ever before".

The apex council additionally determined to represent a committee to counsel measures to give compensation to home cricketers for home season 2020 and 2021. The BCCI did not organise a number of males's and ladies's tournaments, largely due to the Covid-19 scenario, in the two seasons regardless of big demand to organise them.

The names of the committee members weren't introduced, although, as the BCCI office-bearers would resolve that.

Regarding the compensation to home cricketers, the BCCI is on the lookout for a "suitable compensatory mechanism" to arrive at.

"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 the BCCI to form the committee and find a suitable compensatory mechanism for domestic cricketers, at the earliest possible," stated the assertion.

(The above story first appeared on SociallyKeeda on Jun 21, 2021 09:17 AM IST. For extra information and updates on politics, world, sports activities, leisure and way of life, go online to our web site latestly.com).