India players finally receive their T20 World Cup 2020 prize money

The Indian team stand dejectedly after losing the final of the T20 World Cup. © Getty Images

India’s T20 World Cup 2020 squad members have received their collective prize money of $500,000 for their runners-up finish, TOI reported on Monday (June 7). India reached the final of the global tournament played at the MCG where they lost to hosts Australia by 85 runs.

On May 24, several members of the squad confirmed to Women’s CricZone that they were asked by the BCCI to raise an invoice of INR 18,65,556 for the global event prize money. Earlier, it was reported in Telegraph.co.uk that the India players were yet to be paid their share of prize money unlike Champions Australia and semi-finalists England, who received their collective prize money within two months after the event finished.

According to the report, once the players raised the invoices, the governing body cleared the dues within a day or two. The report added that the payment for the home series against South Africa that was played in March this year has also been cleared. The players were asked to submit invoices for the South Africa series as well when they submitted the papers for the T20 World Cup prize money.

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“The BCCI had last month asked all the members of the Indian women’s team to send an invoice to claim their prize money for the T20 World Cup, as well as the home series against SA,” a source from the board was quoted as saying.

“Once the players raised the invoices, we cleared their payment within a day or two. Thus, all the dues of the women’s team have now been cleared.”

This portal has learnt that the BCCI is yet to clear the dues of South Africa series that was played from September to October 2019 and the subsequent West Indies tour in November the same year.

Indian players are currently in England undergoing quarantine ahead of their series against the hosts starting with a Test match in Bristol from June 16.