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Thursday
October 2020
2:45 PM IST
News Headlines
Liverpool midfielder Thiago Alcantara contracts COVID-19        Delhi Capitals skipper Shreyas Iyer fined Rs 12 lakh for slow over-rate        Serena Williams pulls out of French Open with hurt Achilles        Markets mixed after Trump-Biden debate; data lifts China        Govt opening up economy for greater pvt sector participation: Goyal        Maldives thanks India for $250 million support amid COVID-19 pandemic        Pak opens all educational institutions, six months after closure due to COVID-19        Trump urges supporters to watch ballots very carefully        Waiting eagerly for CBI probe outcome in Sushant case:Minister        NHRC notice to UP govt, state police chief over gang rape of Dalit woman        Cong will celebrate Diwali with people after bypolls: Kamal Nath        India's COVID-19 caseload races past 62 lakh, recoveries surge to 51,87,825        All 32 accused in Babri demolition case acquitted; court clears Advani, Joshi of conspiracy charge        Amnesty International halts operations in India        COVID-19:All party meet in Kerala decides to adhere to health protocol strictly,rules out lockdown        Kerala reports 7354 new COVID-19 cases,22 deaths        Tensions mount as Armenia, Azerbaijan continue fighting        Kuwaiti ruler Sheikh Sabah has died at 91        IPL 2020: SRH beat DC by 15 runs runs, register 1st win of season        Djokovic drops only 5 games        
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Sports News
BCCI unlikely to recruit CFO for time being
 
New Delhi: The Indian cricket board is unlikely to hire a new Chief Financial Officer (CFO) in near future even though Santosh Rangnekar resigned from the post six months back.

While BCCI CEO Rahul Johri was asked to take back his resignation and continue till the end of his tenure (2021), it is learnt that the top brass feels there is no immediate requirement of a CFO as the treasurer is their point person.

"The BCCI is unlikely to recruit a CFO any time soon. If you read the new constitution carefully, there is a mandatory provision for a Chief Executive Officer but there is no mention that you need to have a CFO," a senior BCCI official privy to the development told PTI on conditions of anonymity.

It was Committee of Administrators (CoA) which had recruited Rangnekar and the move was seen as a deliberate ploy to undermine the then treasurer's authority.

Once the BCCI had the democratic set up back in place and powers of treasurer restored, the post of CFO became redundant.

It is unlikely that in the current situation when sporting bodies are under financial stress, the BCCI would employ another high-salaried executive.

"The current treasurer Arun Dhumal is hands on and if he needs help, the CEO at times can double up and do the job of CFO if need be."

With BCCI's apparel sponsorship deal with sports giants Nike ending soon, the Board will soon float tender for fresh sponsorship.

During a recent apex council meeting, it was decided that a RFP (Request For Proposal) or tender will be floated soon to decide on the next apparel sponsors.

Those in the know of things said that in the current economic climate, the BCCI would find it difficult to grab a whopping deal.

The BCCI also believes that a transparent tender process would give them a chance to have a good deal instead of a renegotiation.

Nike came in as sponsors way back in 2006 and in 2016, the deal, pegged at Rs 370 crore, was renewed for five years. The contract ends on September 30 this year.


Liverpool midfielder Thiago Alcantara contracts COVID-19
Delhi Capitals skipper Shreyas Iyer fined Rs 12 lakh for slow over-rate
Serena Williams pulls out of French Open with hurt Achilles
IPL 2020: SRH beat DC by 15 runs runs, register 1st win of season
Djokovic drops only 5 games
IPL 2020: RCB beat MI in Super over
Gill hails Cummins' superb comeback against SRH
Warner hits out at SRH's poor middle-order approach
IPL 2020: KKR beat SRH by 7 wickets
RCB skipper Kohli fined Rs 12 lakh for slow over-rate
Dynamo, Olympiakos win 1st legs of CL qualifying playoffs
Luis Su rez moves from Barcelona to Atl tico Madrid
Takes lot out of you to play long innings in these conditions: Rohit Sharma
IPL 2020: MI beat KKR by 49 runs
Zimbabwe cricket team get govt's approval for Pakistan tour
Samson hits CSK out of park as Royals start IPL with 16-run win
Djokovic wins record 36th Masters title in Rome
It really hurts to not close off game against Capitals: Agarwal
Chennaiyin FC ropes in Bosnian central defender Enes Sipovic
Hope the youngsters translate their talent into performance: Warner
KERALA NEWS
Kerala reports 7354 new COVID-19 cases,22 deaths
 Thiruvananthapuram: Kerala on Tuesday again registered a spike in new COVID-19 cases reporting 7,354  
COVID-19 tally in Kerala racing towards 1.50 lakh mark
Take steps to attach properties of pvt financial institution; HC to govt
Kerala logs single-day highest spike of 3,830 COVID-19 cases
INTERNATIONAL NEWS
Maldives thanks India for $250 million support amid COVID-19 pandemic
 United Nations, Sep 30 (PTI) The Maldives has thanked India for the financial assistance of USD 250
Pak opens all educational institutions, six months after closure due to COVID-19
Trump urges supporters to watch ballots very carefully
Tensions mount as Armenia, Azerbaijan continue fighting
NATIONAL NEWS
Waiting eagerly for CBI probe outcome in Sushant case:Minister
 Mumbai, Sep 29 (PTI) Maharashtra Home Minister Anil Deshmukh on Tuesday sought to know what happened
NHRC notice to UP govt, state police chief over gang rape of Dalit woman
Cong will celebrate Diwali with people after bypolls: Kamal Nath
Amnesty International halts operations in India
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