IPL 2020 Prize Money: There are now only two matches left in the 13th season. IPL, being played in the UAE. Even a team playing in the final of IPL 2020 has been announced. But do you know how much money is going to be given to the winning team of IPL this time?
If you do not know, today you will know how much prize money is going to be given to the team that wins the final including the teams that reach the playoffs.
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You will be surprised to know that compared to last year. The Board of Control for Cricket in India, ie BCCI, has reduced the prize money of this year’s IPL. The BCCI has decided to give half the prize money to the teams this time as compared to the IPL of 2019. The BCCI had announced in early March 2020 that cost cutting was being done in IPL prize money this time. Mumbai Indians, the winning team of IPL 2019, received Rs 20 crore as a reward. But this time this amount has been halved.
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IPL 2020 prize money
The winning team of IPL 2020 is going to get Rs 10 crore as reward. The team winning the 13th season of IPL will be awarded a check of Rs 10 crore along with the trophy. The news agency PTI also confirmed this in March 2020. This year, the runner-up team is going to get Rs 6.25 crore, not Rs 12.50 crore as reward. Not only this, the teams who are at number three and four in the playoffs will also get half the reward this time.
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BCCI already declared the prize money
The BCCI had already informed that this time the teams losing to Qualifier 2 and losing the Eliminator match will get Rs 4.375-4.375 crore. However, in the event of a tournament like IPL, this prize money does not seem to be much.
Because in it only the players are bought and retaine for 15–17 crores. But the biggest source of earning of boards and franchisees is not the prize money, but the sponsors. The BCCI had sent this circular in early March to all the eight franchises of IPL that the prize money was being cut. At that time, the committee headed by Sourav Ganguly made many more changes.
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