The Indian Premier League (IPL) is one of the richest leagues in the world and Indian and foreign players earn enormous sums of money during the two month tournament. The IPL has been plagued with corruption scandals for a number of years and the recent suspension of the Chennai Super Kings (CSK) and Rajasthan Royals (RR) was due to the fact that their owners had indulged in various forms of match fixing.
The Board of Control for Cricket in India (BCCI) is now looking to win the confidence of Indian fans and restore faith in the game and the board. The BCCI has been on a spree of cleaning up its act and a number of officials who have had positions that posed a conflict of interest have recently stepped down or had their contracts revoked.
The BCCI recently announced that it was contemplating releasing IPL salaries of all players so that everything is transparent and can be accounted for. While many welcome the move of the BCCI, there are some who believe that this would cause more harm than good and create a lot of ill-feeling between players. The BCCI plans to publish this information on its official website and could release this information before the end of 2015.
One of the directors of the suspended CSK stated that IPL franchises would not be in favour of this move as the bidding process and purchasing of a cricket player was a business transaction and companies should not be forced to reveal business secrets. He also stated that players had a right to privacy and keep confidential the amount of money they were earning.
However a former franchise official welcomed the move by the BCCI and stated that there should not be any concerns of players being offended by another person’s salary. In a statement, the official who wished to remain anonymous said “The inequalities of salaries exist anyway and are publicly clear to everyone. I see no reason [why franchises would have a problem revealing the figures]. The franchise is declaring it in the books – the auditors have to see it anyway – so it doesn’t really kill them. If it is a publicly listed company they will have to open their books anyway.”
There are rumours that IPL franchises declare one salary for the auditors but pay an undisclosed amount off the books to players.