India In Danger Of Losing Hosting Rights For Champions Trophy 2021
India is in danger of losing the hosting rights for the next edition of ICC Champions Trophy, scheduled to be played in 2021. The International Cricket Council, after its Board meeting on Friday (February 9), stated that they were exploring possible alternative hosts for the next edition of the tournament.
The governing body is contemplating the dire step due to tax issues. Ideally, in most of the cases, the major sporting events receive tax exemptions from the host government. The ICC is also seeking the same luxury but so far nothing fruitful has been materialized. As a result, the apex body of the game is now looking at countries in a similar time zone. At the same time, the ICC is also looking for a solution with the Indian government.
“In other matters, the Board expressed their concern around the absence of a tax exemption from the Indian Government for ICC events held in India despite ongoing efforts from both the ICC and BCCI to secure the exemption which is standard practice for major sporting events around the world,” it was stated in an ICC release.
“The Board agreed that ICC management, supported by the BCCI will continue the dialogue with the Indian Government but in the meantime directed ICC management to explore alternative host countries in a similar time zone for the ICC Champions Trophy 2021,” added the release.
The last edition of the Champions Trophy was held in England in 2017. Pakistan had defeated India in the final to lift the trophy for the very first time. The tournament was inaugurated as the ICC Knock-Out Tournament in 1998 and has been played approximately every four years since. Its name was changed to the Champions Trophy in 2002
Other major decisions:
The ICC also announced that Afghanistan and Ireland, who were granted Full Member status last year, will receive increased fund allocations.
“The new model will see Ireland and Afghanistan each receiving a percentage of the projected surplus, amounting under current projections to approximately $40m each over the course of the current eight-year commercial rights cycle,” the release stated.
The apex body also confirmed that Indra Nooyi, Chairwoman, and CEO of PepsiCo, will become ICC’s first female Independent Director.
Here is the news feed: