Jay Shah’s Role and Compensation at ICC
Jay Shah, the current secretary of the Board of Control for Cricket in India (BCCI), is poised to take on the prestigious role of the International Cricket Council (ICC) chairman starting December 1. This development has sparked widespread curiosity regarding his potential earnings as the ICC chairman and how they might compare to his current financial benefits with the BCCI.
Jay Shah’s Current Compensation as BCCI Secretary
As the BCCI secretary, Jay Shah holds an honorary position, which means he does not receive a fixed salary. This is also true for other top officials of the BCCI, including the president, vice president, and treasurer. While these positions don’t offer a regular paycheck, they do come with significant allowances and reimbursements.
Jay Shah is compensated based on his participation in meetings and tours, both domestic and international. According to reports, he receives approximately ₹84,000 (around $1,000) daily for attending international cricket meetings or tours. For meetings held within India, his daily allowance is ₹40,000. Additionally, Shah travels in business class, ensuring comfort during his journeys.
For work-related travel within India that isn’t linked to official meetings, Jay Shah is entitled to ₹30,000 daily. The BCCI also covers his domestic and international accommodation, often booking luxury hotel suites for him. These benefits ensure that despite the absence of a fixed salary, the role remains financially rewarding.
What to Expect as ICC Chairman
Transitioning to the role of ICC chairman, Jay Shah’s compensation structure is expected to follow a similar pattern to his current arrangement with the BCCI. Like the BCCI, the ICC does not offer a fixed salary to its top officials. Instead, the remuneration comes through allowances and other benefits linked to their duties.
The ICC has not disclosed the exact details of the compensation package for its chairman. However, it is known that officials, including the chairman, receive payments for attending meetings and other responsibilities. This arrangement ensures that they can focus on their roles without the burden of personal expenses.
To learn more about Jay Shah’s journey to becoming the ICC chairman, check out this detailed article on the International Cricket Council and Jay Shah’s Leadership.
Comparisons and Expectations
While the specifics of Jay Shah’s compensation as the ICC chairman remain under wraps, it’s unlikely that there will be a significant difference from what he currently receives as BCCI secretary. The structure of remuneration at both organizations revolves around allowances rather than fixed salaries. This approach aligns with the nature of these honorary positions, where financial rewards are tied directly to the responsibilities and duties performed.
The ICC chairman’s role is a highly influential one, involving significant responsibilities on the global stage. The allowances and benefits associated with this role are designed to match the stature and demands of the position. While the ICC may offer a different set of allowances compared to the BCCI, the overall financial rewards are expected to be comparable.
The Bigger Picture: BCCI’s Wealth and Tax Status
The BCCI is renowned as the wealthiest cricket board globally. However, it no longer enjoys the tax exemptions it once had. Previously, the BCCI was exempt from paying taxes under Section 11 of the Income Tax Act, which applies to charitable trusts and institutions. This exemption was lost in 2012 when the BCCI’s status as a “charitable organization” was revoked. The Indian tax authorities currently classify the BCCI’s earnings as “business income.”
Even after losing its tax-exempt status, the BCCI’s financial influence in the cricket world remains unparalleled. The organization continues to generate significant revenue, ensuring it can maintain the lavish allowances and benefits offered to its top officials, including Jay Shah.
Explore how Jay Shah’s impact on the BCCI has led to significant rule changes in Indian cricket.
FAQs
1. What is Jay Shah’s current compensation as BCCI secretary?
Jay Shah does not receive a fixed salary as BCCI secretary. Instead, he earns daily allowances for attending meetings and tours, both domestic and international. His daily compensation ranges from ₹30,000 to ₹84,000, depending on the nature of the event.
2. Will Jay Shah receive a fixed salary as ICC chairman?
No, similar to his role as BCCI secretary, Jay Shah will not receive a fixed salary as ICC chairman. His compensation will likely be based on allowances and benefits related to his duties.
3. How does the BCCI fund its officials’ travel and accommodation?
The BCCI covers the travel and accommodation expenses for its top officials. Jay Shah, for instance, travels in business class and often stays in luxury hotel suites, with all expenses covered by the BCCI.
4. Did the BCCI lose its tax-exempt status?
Yes, the BCCI lost its tax-exempt status in 2012. Despite being classified as “business income” by the Indian tax department, the BCCI remains the most wealthy cricket board globally.
My name is Mohd Ali, and I’m a digital marketer, content writer, creator, video editor, and blogger. Every day, I share information related to cricket and football on my blog. I reside in the city of Hyderabad, and I completed my graduation from EIILM University, Sikkim. I am the founder of newsblog4u.com.
