BCB denies delaying World Cup 2023 prize money
The Bangladesh Cricket Board (BCB) has claimed that the allegation of delaying the disbursing of the prize money from the 2023 ICC Men’s ODI Cricket World Cup was false.
These allegations were raised by Debabrata Paul, who is a BCB councilor and the general secretary of the Cricket Welfare Association that the Board is yet to pay prize money to the national cricketers for the showpiece event.
BCB’s response to the claims
“The BCB would like to clarify that the delay is not deliberate or due to any negligence on the part of the Board. Prize money for major International Cricket Council (ICC) events, such as the ICC Men’s Cricket World Cup, is typically received within a few months following the tournament’s conclusion,” BCB said in a statement on Tuesday.
What was the reason for the delay?
- The 2023 ICC Men’s Cricket World Cup ended in November 2023.Â
- The BCBÂ promptly submitted the required invoice to the ICC.Â
- Another reason for the delay is the taxation formalities and compliance issues.Â
“The ICC Men’s Cricket World Cup 2023 concluded in November 2023, and the BCB promptly submitted the necessary invoice to the ICC. However, the disbursement process has encountered delays due to taxation formalities and compliance issues. These are administrative hurdles that have impacted not only the BCB but also other participating countries. To expedite the procedure, the BCB appointed renowned international accounting firm Deloitte Haskins & Sells LLP in India which processed the relevant applications of all the Bangladesh players who participated in the World Cup,” it said.
There were certain steps which were taken by the Bangladesh board to proceed with the payment as soon as possible, the step taken was the appointment of international firm Deloitte Haskins and Sells LLP to speed up the process and allot the payment to the players.
We have been informed that these formalities have only recently been completed and that the prize money is expected to be credited to the BCB in the coming weeks,” added the statement.
“The BCB strongly refutes the untrue remarks made by the concerned councilor and vehemently protests the insinuations of malpractice against the Board and its officials on this matter. Such allegations are baseless and undermine the integrity of the BCB’s operations.”
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