India-New Zealand series could be cancelled after Lodha Panel suspends BCCI bank accounts
India's on-field success was met with off-field gloom for the Board of Cricket Control in India (BCCI) today, with the Lodha Panel officially sealing their bank accounts for failing to meet the committee's reccomendations. In an alleged knee-jerk reaction, Indian cricket's governing body is currently contemplating on scrapping the on-going New Zealand series, describing it as an 'insult to the sport in India'.
A source close to Sportskeeda confirmed that talks are on within the hierarchy to axe the series midway. Our source said, “It's quite insulting for a governing body which is substantially contributing to the country for their bank accounts to be frozen, we aren't doing anything wrong and if anything a decision to tell the banks to stop funds should have been taken post the series. This makes it exceedingly difficult for us to make the payments, and the only way out is to cancel the series. We haven't officially announced anything, but the committee met today to discuss on how to move forward.”
He added, “I understand the panel feels that we are apprehensive about all the changes, which is not true. There is a certain existing setup within the country and considering cricket, it has a vast impact. Hence, changing everything in that stipulated time is not possible. Of course, we have also mentioned certain things that cannot be done. But you cannot let the country, which is currently playing an international series get affected.”
This statement also comes in the after-math of BCCI allotting specific lumsums to various state associations. The Lodha Panel sent a letter to all banks that they must not pay the associations, if the changes aren't inculcated immediately. According to Indian Express, the decision has already been taken, and we are waiting for an official announcement. However, sources close to Sportskeeda are yet to confirm the matter.
The panel has also stated that this is 'minor' punishment for missing the first set of deadlines. Punishment could be more severe if the reccomendations aren't implemented by the second time frame.
More to follow...