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Lodha Panel to vet all BCCI contracts
Tuesday 08 November 2016

 

Big blow to BCCI: Lodha Panel empowered to now vet all contracts
The Board of Control for Cricket in India (BCCI) suffered a major setback today when the Supreme Court empowered the Lodha Panel to appoint experts and vet all BCCI contracts in relation to the 2017 cricket season.
In its October 21 order, the Supreme Court had come down hard on the BCCI and said the Indian board must block funds to state associations that did not want to comply with the reforms suggested by the RM Lodha Committee.
In the wake of the latest move, BCCI president Anurag Thakur and Ajay Shirke could merely be reduced to mere figureheads in the cricketing circuit. They may not have much to do after the five-Test series against England. 
Meanwhile, Thakur attended a meeting of the Indian Premier League's Governing Council in New Delhi.  
The apex court had also appointed an independent auditor to monitor the financial transactions of BCCI and set a threshold beyond which the board would have to take permission from the Lodha Panel.
The auditor and Lodha panel will work together to oversee the contracts entered into by the BCCI. 
Consequently, BCCI, the richest cricket boarc in the world, had to go knocking the Supreme Court's doors to ask for funds to host the Rajkot Test against England starting tomorrow. The top court allowed BCCI to disburse funds amounting to Rs 58.66 lakh for the first match of a five-Test series.

The Board of Control for Cricket in India (BCCI) suffered a major setback today when the Supreme Court empowered the Lodha Panel to appoint experts and vet all BCCI contracts in relation to the 2017 cricket season.

In its October 21 order, the Supreme Court had come down hard on the BCCI and said the Indian board must block funds to state associations that did not want to comply with the reforms suggested by the RM Lodha Committee.

In the wake of the latest move, BCCI president Anurag Thakur and Ajay Shirke could merely be reduced to mere figureheads in the cricketing circuit. They may not have much to do after the five-Test series against England. 

Meanwhile, Thakur attended a meeting of the Indian Premier League's Governing Council in New Delhi.  

The apex court had also appointed an independent auditor to monitor the financial transactions of BCCI and set a threshold beyond which the board would have to take permission from the Lodha Panel.
The auditor and Lodha panel will work together to oversee the contracts entered into by the BCCI. 

Consequently, BCCI, the richest cricket boarc in the world, had to go knocking the Supreme Court's doors to ask for funds to host the Rajkot Test against England starting tomorrow. The top court allowed BCCI to disburse funds amounting to Rs 58.66 lakh for the first match of a five-Test series.

 

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