IPL franchises seeks to be a part of IPL governing council

The Board of Control for Cricket in India (BCCI) hasn’t yet decided whether one of the representatives of each Indian Premier League (IPL) franchises should be a part of the governing council of the tournament. Whereas the Supreme Court of India is to hear the matter yet again on June 29.

The media rights of the IPL is about to go up for renewal and the BCCI and the franchises will be well on their way to earning 52% and 48% of its revenue respectively, which is expected to take place by next month. The 48% for the franchises will be distributed among the existing franchises as the money over the five-year deal.

And moving forward, the franchises will have to pay 20% of their annual revenue from the tournament, regardless of the net profit or loss. “At 48%, shouldn’t the franchises be seen as equal stakeholders in the league? It’s only fair that they get to have some say in the decision-making,” says a franchise owner.

The 20% of the collective income is expected to be more than the annual installment an IPL franchise has been paying the last 10 years. “If the BCCI is taking care of its interests, shouldn’t it also take care of the interests of its stakeholders? Isn’t the Supreme Court recommending the same thing?” says a franchise executive.

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At the same time the franchises strongly believe that the BCCI will try to sell the media rights only for the next five years, so that they can maximize their income on the lines of how the English Premier League (EPL) has prospered, as Star India and Sony Pictures Network India (SPNI) gear up to shell out big money.