Wednesday 17 June 2015

DDCA looks for 'dues' of a crore each from GMR and bookmyshow to resolve crisis

On Tuesday, the DDCA finance committee met and sought to resolve the issue that is arising due to constraints of cash. The DDCA, which should be having plenty of cash as it reportedly got 33 crore rupees from the BCCI for the last year, has nothing in its kitty. An amount of 7 crore rupees is locked in a Central Bank of India account which is frozen due to internal squabbling. The BCCI is yet to pay them 10 crore rupees as the DDCA has not yet submitted the balance sheet. So bad is the situation that the dues of officials, umpires and even subsidies to clubs have remained unpaid.
BCCI vice-president CK Khanna, it has been learnt, assured that the clubs will get their subsidies. A few hours before the meeting, the Sports Working Committee convenor threatened to set up a parallel body and run cricket after collecting money from clubs and cricket lovers.
Treasurer Ravindra Manchanda looked very upset with the ongoing situation. “We sought to resolve the issue in the meeting,” he said. “We have decided to give DDCA clubs the subsidies as soon as cash comes in our hand.”
While the resolution to be given to Central Bank in order to defreeze it was prepared by the finance committee and is expected to be given this week after delay from last week, the DDCA is banking on the amount of one crore rupees it will get from GMR, owners of the Delhi Daredevils franchise. “We are supposed to get one crore rupees from GMR and we are also expecting close to a crore from bookmyshow.com as part of gate money from the India vs West Indies match,” said Manchanda. “We will meet them on Thursday and press for that.”
However, it should be noted that the issue of the gate money from India-West Indies match last year snowballed into a controversy following confusion over whether the money has been given or not or to whom the money was given.

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