BCCI to donate ₹10 crore to IOA for supporting Tokyo-bound athletes
The Indian contingent for the upcoming Tokyo Olympics is likely to be 190-athlete strong. Meanwhile, The Board of Control for Cricket in India has decided to donate ₹10 crore to the Indian Olympic Association for their support.
In what comes as exciting news and relief for the Indian Olympic Association, it has received ₹10 crore donation from the Board of Control for Cricket in India. The amount would be used to support the Indian athletes for the upcoming Tokyo Olympics.
“The summer Olympics is scheduled to be held in Tokyo from 23 July to 8 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 ₹10 crores. The BCCI wishes all the athletes representing India in the Olympics all the very best and hopes that they return with more medals than ever before,” said BCCI in a statement.
BCCI’s donation to IOA comes as a surprise, as the latter did not ask for any monetary help whatsoever. Also, IOA’s financial standard happens to be good, with its 2018-19 balance sheet showing its worth as ₹39.12 crore, reports IANS.
The IOA also recently roped in some top sponsors like MPL Sports Foundation, Inox Group, Nippon Paint and Edelweiss. It came after IOA decided to part ways with Chinese apparel brand Li Ning, which was worth ₹5-6 crore.
As for BCCI, it was worth ₹14,489.80 crore in 2018-19. However, its balance sheet for 2017-18 and 2018-19 is yet to be uploaded. Also, the work for the 2019-20 sheet is reportedly on.
Meanwhile, the BCCI also decided to form a separate committee for the compensation for domestic cricketers. “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 BCCI to form the committee and find a suitable compensatory mechanism for domestic cricketers, at the earliest possible,” the statement added.
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