BCCI CFO Santosh Rangnekar resigns: Source

Santosh Rangnekar,BCCI CFO,BCCI,BCCI CEO,Sports Business News India

The Board of Control for Cricket in India chief financial officer Santosh Rangnekar has tendered his resignation.

A source privy to the development has confirmed to insidesport.co that CFO Rangnekar has put in his papers. The source revealed that the CFO was not comfortable with his position ever since the duly elected body had taken charge in the BCCI.

“The BCCI (executive) is not happy with the functioning (of CFO). They have had a honeymoon period under CoA. Now is the time when tough questions will be asked. They don’t have answers. So quitting is the best option for them,” said the source, a senior BCCI administrator in the pre-CoA era, without confirming whether when will Rangnekar relinquish his office. “We are not saying they have done anything wrong. But they will have to give an account of what all they have done. If they are uncomfortable with it, what can we do.”

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The CoA in August had given a handsome salary hike to the CFO despite senior member Diana Edulji’s reservations. CoA Chief Vinod Rai and other members Lt Gen. (Retd) Ravi Thodge had supported the move.

Rangnekar and the BCCI Chief Executive Officer Rahul Johri were then accused of conniving to ensure increments for each other. “First the CFO ensured that he put out an excellent presentation to the CoA to ensure that the CEO gets a hike and then the CEO pushed the case of the CFO to be promoted over the IPL COO,” news agency IANS had then reported a BCCI source as saying.

A senior board official even then had stated the decisions would be reviewed by the General Body post elections in October.

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The BCCI is expected to announce the AGM date and agenda in the next few days.

The days ahead will bring some discomfort in the office to “professionals” in the BCCI as they will finally be asked to give account of their performance and acts in the past three years, the source said.

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