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 in Mumbai after legendary Sachin Tendulkar, Ajinkya Rahane and late Madhav Mantri. In April this year, the MCA’s apex council had approved creating the subsidy corpus of Rs 100 crore to ensure long-term financial stability and sustainability of all affiliated clubs. The decisions were taken during the MCA’s annual general meeting.
MCA president Ajinkya Naik said Rs 40 crore will be contributed towards the subsidy corpus, amounting to an overall Rs 500 crore over next 10 years. “In the last AGM we had made it Rs 100 crore but this time we have made it Rs 500 crore for our grassroots cricket and clubs.
Sometimes they use it for logistics, or for equipment,” Naik said. We have appointed a three-member committee joined by secretaries,” Naik said. The MCA will also be naming lounges at the Wankhede Stadium after former Mumbai captain and president of the governing body, Mantri, who played four Tests for India, along with Tendulkar and the recently-retired Rahane. “We have decided to allocate a designated lounge for them.
