Severely curtailing BCCI’s financial powers, the Supreme Court Friday said the cricketing body cannot enter into contracts above a monetary ceiling that will now be fixed by the Lodha panel. The court said the panel would fix a limit on monetary value of contracts and that BCCI would have to seek its approval if it wants a contract relating to media rights, ground rights etc above the fixed limit.
The court imposed this sanction after noting that the BCCI has failed to comply with the recommendations mooted by the Lodha panel on reforms.
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The bench led by Chief Justice of India T S Thakur further restrained BCCI from disbursing funds to state associations until they pass resolutions on implementation of the panel’s recommendations.
BCCI president Anurag Thakur and secretary Ajay Shirke have been asked to show up before the Lodha panel and show their compliance with the recommendations. Besides, they also have been asked by the bench to file detailed affidavits in the court enumerating the specific recommendations they have accepted and also those they have not implemented yet.
Further, the court had asked the Lodha panel to appoint an independent auditor to scrutinise all accounts of BCCI and submit a report with the panel. The bench said a copy of this order should be sent to the ICC for their intimation about the developments.
The court order may impact several future tournaments, including the IPL, where BCCI requires to enter into agreements to lend various rights.