With zero balance in disposal, Jammu and Kashmir may pull out of Ranji Trophy
Jammu and Kashmir may pull out of Ranji Trophy due to severe cash crunch.
Jammu and Kashmir may pull out of the Ranji Trophy following lack of financial aid due to the non-payment of its dues from the Board Of Control Of India (BCCI). The Jammu and Kashmir Cricket Association (JKCA) may well be forced to withdraw from the majority of the domestic competition, including the Ranji Trophy.
The JKCA was hold accountable and allegations were made of financial misappropriation, therefore the judicial authority have frozen its accounts. Apart from that, the BCCI has not disbursed its share of annual subvention.
No response from board
“To regularise our bank account and utilise approximately Rs. 34 crore, we need the BCCI letter to the bank. But neither the board officials nor the CEO nor the Committee of Administrators have been issuing the letter,” Iqbal Ahmed Shah, JKCA secretary, told Sportstar on Sunday from Srinagar.
Zero Balance
“As a result, we have as good zero balance at our disposal. We cannot use the frozen funds nor has the BCCI released any money since March 2012. Besides a nominal reimbursement of expenses in 2015 and 2016, the BCCI still has withheld more than Rs. 150 crore. It takes around seven to eight crore to manage expenses of all teams throughout the season. If the board doesn’t act, we would be forced to pull out of a few, if not all, matches in the domestic season.” he added.
Shah criticises Rahul Johri
“The CEO (Rahul Johri) doesn’t even acknowledge an email, let alone responding to it. The CoA says it is up to the general body and the general body is not going to be convened only for our issue. When the BCCI recently disbursed one-time benefit to former cricketers without the approval of the general body, why can’t they do the same when it comes to JKCA?,” asked Shah, who was elected secretary in July 2016.
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