Certainly, many of the Lodha committee suggestions make sense. But the cricket associations' argument that, given they are private entities, the state has a limited right to interfere in their functioning, has considerable force. Whether or not cricket is a game in which the public at large has an interest is irrelevant; the principle of government non-intervention in the affairs of private concerns like the BCCI should be paramount. After all, the "Indian" team is simply the players selected by one private organisation, the BCCI, to represent it in tournaments organised by another private organisation, the International Cricket Council or ICC. When seen this way, it is difficult to see how it is Parliament's business at all.
The counter-argument would be that, even if the BCCI is merely sending players to represent it at the ICC's tournaments, there is still a "national" character to the activity, with the playing eleven supposedly representing India. However, this can easily be dealt with: first, by allowing alternative boards to spring up, and not creating a monopoly for the BCCI over Indian cricket; and second, by ensuring that the "India" name cannot be used by a team - whether in cricket or in any other sport - without the selection and other processes following certain norms of transparency. For example, any funds gained from the use of the "India" name could be made subject to investigation by the Comptroller and Auditor General of India if necessary. Alternatively, and this may be a better solution, since these are all bodies registered under the Societies Act, the registrar of societies must stop being a toothless outfit that has long gone to sleep.