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There was some confusion regarding an investment offer for the IPL during the BCCI AGM held in Bengaluru, sources told CricBlogger.
A member raised the issue based on a newspaper report, which claimed that the BCCI had received an ‘offer’ from a Middle Eastern entity. However, this led to strong objections from other board members. They clarified that the BCCI is not a company but functions under the Societies Act, making it different from a business entity that can accept private investments.
Moreover, the BCCI members emphasised that it does not need external investment, as it is already the richest cricketing body in the world.
The BCCI’s financial situation is incredibly strong, especially with the IPL generating massive revenue for both the board and its stakeholders. The last thing the BCCI needs is additional investment from external sources, as their income continues to soar.
With the IPL being a major cash cow and bringing in unprecedented amounts of money, there’s little incentive to change the current structure. The board likely sees no benefit in seeking further external investments when its own financial health is so robust. This stability allows them to maintain full control over Indian cricket without the complications that outside investments might bring.
“It was nothing but a hoax investment discussion that happened in the AGM that didn’t make much of a sense,” the source said.
