Why listing for BCCI makes sense

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June 25 is a momentous day in Indian cricket’s history. The 1983 World Cup triumph propelled the game’s popularity to reach stratospheric levels.

But, why has the BCCI failed to evolve into a professionally run body?

We are asking this oft-repeated question today because 38 years ago, an event changed the way the game is followed in the country.

But BCCI has functioned like fiefdoms of politicians and few administrators for way too long. It should take a cue from the likes of Manchester United or Juventus, which are listed on the bourses and follow strict corporate guidelines.

Being cash-rich and custodian of the most popular sport in the country, it is an apt candidate for listing. The move will pave the way for better governance practices and administration issues can be handled in a professional manner.

It will also help in bringing in the best practices and unlock more commercial opportunities, thereby boosting the sports ecosystem.

Power vested in the hands of a few individuals is not the best way to run a sporting body and certainly not a game which enjoys the kind of popularity that cricket does in India.

Indian cricket’s true potential can be realised if professionlism is imbibed in its day-to-day functioning. A listed company is answerable to its shareholders and needs to adhere to some defined practices.

There is no harm in exploring this option as the game’s governing body may feel the pinch of the debilitating impact of the coronavirus pandemic further going ahead.