The Bangladesh Cricket Board on Tuesday, August 13 issued a clarification after the news of players yet to receive prize money from the ODI World Cup 2023 went viral. The marquee tournament, which was played in India in the 50-over format saw Bangladesh made an exit after the league stage where they finished eighth on the points table with only two wins from nine matches.
Seeing the news spread like wildfire, Bangladesh Cricket Board (BCB) has now issued a clarification adding that the delay is due to taxation formalities and compliance issues. “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 as quoted by Cricbuzz.
BCB issues clarification on prize money fiasco
The statement from the BCB further added, “The ICC Men’s Cricket World Cup 2023 concluded in November 2023, and the BCB promptly submitted the necessary invoice to the ICC. However, due to taxation formalities and compliance issues, the disbursement process has encountered delays. 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.”
“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 in the statement.
It is to be noted that earlier, BCB’s Councilor, Debabrata Paul, who is also the General Secretary of the Cricket Welfare Association of Bangladesh claimed that the board is yet to pay the prize money to the players for the event.