BCCI could lose an estimate of INR 40 billion if IPL gets canceled
Coronavirus has brought the Earth and its specifications and activities to a standstill. Economies, businesses, sports, and in fact every minor thing has been affected. Cricket, being one of the major and lovable sport, has been influenced adversely due to the lockdown across the globe amid Coronavirus outbreak.
Indian Premier League (IPL) was about to unfold its thirteenth edition. The Coronavirus outbreak flopped every plan sketched for IPL 2020. The season was to be initiated by 29th March 2020. Later, the situations dragged the possibilities ahead to a window of April-May. Coronavirus did not allow it either as the Indian Government extended the lockdown till May 3rd, 2020. Still, as May 3rd has gone, there are no chances for IPL till further notice.
BCCI and franchises could lose INR 40 billion revenues that indeed is a massive amount for the cash-rich league.
“The BCCI is looking at a big revenue loss. In case the IPL does not take place, the loss would be close to 40 billion rupees ($530 million), or even more. We are not sure whether we will be able to have it this year. We will only be able to figure out the exact revenue loss once we are sure of how many games we have lost.” Arun Dhumal told TOI.
BCCI to lose INR 40 billion if IPL gets canceled
Keeping the current situation under consideration, the board might also decide to cut the salaries of centrally and provincially contracted players. As there is no hearing and economies of the boards are going down after cancelation of many leagues and tournaments, it is getting harder for the cricket boards to pay their players.
“We are not sure whether we will be able to have it this year. We will only be able to figure out the exact revenue loss once we are sure of how many games we have lost,” Dhumal stated.
“That would be the last thing that we would want to do at our end. That is why we are working (on) how much is the loss finally we have to pay. So, once we are able to assess that then we might consider it, but it will be the last thing on our agenda,” he added.
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