IPL 2020 champions' prize money to be cut as Indian cricket hit by slowdown

In a circular sent to all IPL franchises, the BCCI has notified that instead of a whopping Rs 20 crore, the IPL champion team will now receive Rs 10 crore only.

The Board of Control for Cricket in India (BCCI) has decided to implement strict cost cutting measures with the notable decision being the halving of IPL 2020 champions' prize money.
 
In a circular sent to all IPL franchises, the BCCI has notified that instead of a whopping Rs 20 crore paid earlier, the IPL champion will now receive Rs 10 crore only.
 
"The financial rewards have been reworked as a part of the cost cutting measures. The champions will get Rs 10 crore instead of Rs 20 crore. The runners-up will get Rs 6.25 crore from earlier Rs