MCA Raises Club Subsidy Corpus To ₹500 Crore Over 10 Years, To Honour Tendulkar, Rahane & Madhav Mantri With Wankhede Lounges
Mumbai: The Mumbai Cricket Association on Friday decided to increase its subsidy corpus for its affiliated clubs to Rs 500 crore over next 10 years, while also deciding to name lounges at the iconic Wankhede Stadium here after legendary Sachin Tendulkar, Ajinkya Rahane and late Madhav Mantri. Also Watch: The decisions were taken during the MCA’s annual general meeting here. In April this year,…
The Mumbai Cricket Association (MCA) recently announced a significant increase in its subsidy corpus for affiliated clubs, raising the amount to ₹500 crore over a 10-year period. This decision was made during the MCA’s annual general meeting, with the aim of ensuring long-term financial stability and sustainability for all affiliated clubs in Mumbai.
The initial subsidy corpus of ₹100 crore was approved in April of this year by the MCA’s apex council. MCA president Ajinkya Naik revealed that Rs 40 crore will be contributed towards the subsidy corpus, leading to an overall total of ₹500 crore over the next decade. The MCA plans to name lounges at the iconic Wankhede Stadium after legendary cricketers Sachin Tendulkar, Ajinkya Rahane, and late Madhav Mantri, recognizing their contributions to the game.
A three-member committee, consisting of MCA vice-president Jitendra Awhad, apex council member Milind Narvekar, and advocate Ujwal Nikam, has been appointed to oversee the allocation of the subsidy corpus to the clubs.
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