Pay $23 million or lose 2023 World Cup: ICC to BCCI

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Pay $23 million or lose 2023 World Cup: ICC to BCCI

MUMBAI: The International Cricket Council (ICC) has put the proverbial gun to the head of the Board of Control for Cricket in India (BCCI), asking it to cough up US $23 million (roughly Rs 160 crore) before December 31 to compensate for the tax deductions incurred in hosting the 2016 World T20 in India.
The game’s global governing body, which is headed by former BCCI president Shashank Manohar, expects BCCI to compensate them for the tax deductions when India hosted the tournament two years ago and did not get a waiver from the central or state ministry. BCCI has been reminded of this demand, mentioned in the minutes of ICC’s board meeting in Singapore in October.
The Indian board, now governed by the Supreme Court-appointed Committee of Administrators, has less than 10 days left to comply with the ICC’s demand. The international body has threatened that should BCCI fail to do the needful, it will deduct that amount from India’s revenue share for current financial year.
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Pay $23 million or lose 2023 World Cup: ICC to BCCI
K Shriniwas Rao | TNN | Updated: Dec 22, 2018, 13:54 IST

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HIGHLIGHTS
ICC has asked the BCCIto cough up roughly Rs 160 crore before Dec 31 to compensate for tax deductions incurred in hosting the 2016 World T20 in India.
India did not get a waiver from the central or state ministry for the tournament
The ICC is headed by former BCCI president Shashank Manohar
MUMBAI: The International Cricket Council (ICC) has put the proverbial gun to the head of the Board of Control for Cricket in India (BCCI), asking it to cough up US $23 million (roughly Rs 160 crore) before December 31 to compensate for the tax deductions incurred in hosting the 2016 World T20 in India.
The game’s global governing body, which is headed by former BCCI president Shashank Manohar, expects BCCI to compensate them for the tax deductions when India hosted the tournament two years ago and did not get a waiver from the central or state ministry. BCCI has been reminded of this demand, mentioned in the minutes of ICC’s board meeting in Singapore in October.
The Indian board, now governed by the Supreme Court-appointed Committee of Administrators, has less than 10 days left to comply with the ICC’s demand. The international body has threatened that should BCCI fail to do the needful, it will deduct that amount from India’s revenue share for current financial year.

The ICC has also threatened that should India fail to comply, the governing body will look at “other options” to host the 2021 Champions Trophy and the 2023 50-over World Cup, which are scheduled to be played in India.
Star TV, the official broadcast rights holder of all ICC tournaments, had deducted all taxes before paying the global body for the World T20 played in 2016, and the latter now wants the BCCI to compensate for it.
The BCCI, in turn, has asked the ICC to share the minutes of any meeting where it is recorded that India had agreed to tax waiver. “The ICC hasn’t provided any minutes to the BCCI yet,” sources in the know told TOI.
The BCCI was headed by former president N Srinivasan then and at no point, say those in the know, did the Chennai-based administrator tell the ICC that BCCI would compensate them for tax deductions should they not receive a waiver from the government.