Pay compensation or lose WC rights: ICC to BCCI

NEW DELHI: In a major blow to the Board of Control for Cricket in India (BCCI), the International Cricket Council (ICC) on Saturday asked the board to either pay $23 million (Rs 161 crore) by the end of this year as compensation for the tax deductions incurred in hosting the 2016 World T20 or end up losing the World Cup 2023 rights which is scheduled to be held in India.During the ICC board meeting held in Singapore in October, it was decided at that time that the BCCI would have to compensate for the tax deductions that the ICC faced as India hosted the 2016 World T20, after no exemption in taxes was given by either the state or the central government in the country.

The ICC also mulled deducting the amount from the revenue share for the ongoing financial year from BCCI’s coffers if they failed to comply with the demands as per the law.

As per reports, the BCCI has asked the ICC to share the minutes of the meeting where they had promised to get them a tax waiver.

But the ICC, they said, haven’t shared the same as of yet to the BCCI.

Now, according to reports, while former president N Srinivasan was at the helm of BCCI during the time, when these statements were made, , he did not promise the ICC to pay any compensation for tax deductions if they fail to receive a waiver from the government.

India is slated to host  two major game of cricket  as one is the 2021 Champions Trophy and the other, 2023 World Cup. (IANS)