Champions League T20 Owes Players Millions

Champions League T20 Owes Players Millions

26 January 2011

Federation of International Cricketers' Associations' (FICA) Chief Executive Tim May, today confirmed that the Champions League Twenty 20 (CLT20), a jointly owned Event of BCCI, Cricket Australia and Cricket South Africa, owed Prizemoney totaling $6m to teams and players.

"Given that the 2010 Event concluded in September we are increasingly frustrated and disappointed that the prizemoney still has not been paid by the organizers to teams and players. Despite numerous requests for clarification of when the prizemoney is to be paid we continue to be met with lack of certainty as to timing of payment and a general lack of regard to the players' concerns"

"The latest we have heard is that the payment may be made in late January or early February

"Players are like anyone else in the community, they have financial commitments and families to provide for, and they expect to be paid in a timely manner.

"Its simply unacceptable that three of the most financially affluent Cricket Boards in the world, can seemingly sit on their hands, for four months with no apparent sense of obligation to pay this prizemoney in a timely manner.

May also stated that Participation Fees to be paid to the teams that competed in the Event had not been paid yet by CLT20, despite the Team Participation Agreement stipulating that Participation Fees must be paid no later than 20 days after the completion of the Event.

"It reflects poorly not only on CLT20 but the Cricket Boards concerned, that not only have the players not been paid yet, but also that the Boards have failed to have the common courtesy to communicate direct to players, as to why this delay of payment exists

"FICA and other Player Associations still await definitive confirmation as to when the Prizemoney and Participation Fees will be paid, and in the meantime, we will be assessing our various options regarding recovery of these outstanding amounts for the 2010 event should the monies not be received within the next couple of weeks"