The Board of Control of Cricket in India (BCCI) could lose an estimate of INR 40 billion in case if the Indian Premier League (IPL) gets canceled.
As all the cricketing scenarios have been stopped due to widely spreading Coronavirus, cricket in India has got badly interrupted. IPL, that was to be commenced by 29th March first got interrupted by the sudden lockdown and then when the situation worsened ahead, organizers moved it ahead to 15th April. Situations instead of getting better got much adverse and the Indian government extended lockdown till 3rd May. In the end, after the 3rd may have passed, no news has been heard but the authorities have decided to delay the money-surplus league till further notice.
In case, if the league goes ahead, there will be minor or no chances of the availability of the international stars as the flights almost across the Earth has been postponed for indefinite span. The league going ahead without the major shining stars could bear the major revenue loss.
IPL, being in its thirteenth edition, was to be kicked off with the full swing, however, the pandemic rose suggested the authorities commence without the spectators. Moving ahead behind closed doors with no sales of tickets might have caused another financial disturbance. Keeping all the consequences under consideration, the board has decided not to go ahead as an approx of INR 40 billion could be lost.
“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
It is to be noted that earlier, BCCI denied the ay cuts but as the situation is no longer good, play cuts amidst the outbreak might be on the cards.
“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.