Cancellation of IPL to cost BCCI almost half a billion
The Board of Control for Cricket in India (BCCI) is going to face a colossal loss of more than half-a-billion dollars. If the 2020 Indian Premier League (IPL) doesn’t take place they are going to have the loss.
The tournament was scheduled to start on March 29 this year. But due to COVID-19 pandemic the tournament was postponed to April for further normal atmosphere but later it was postponed for indefinite period.
The Chances of the IPL not taking place at all can’t completely say at this moment. Coronavirus pandemic has put most cricket tournaments to a halt and it’s not know when cricket will return in rhythm. Even the T20 World Cup later this year in Australia is under the threat, will it be held on time or not.
“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,”
BCCI treasurer Arun Dhumal tells the press.
BCCI is thinking of pay cut for the time being, because there is very little things one can do at this moment. Even Sourav Ganguly, the BCCI president, said that no cricket would be played in the near future as life is more important than playing at this moment.
India’s ODI series against South Africa was also cancelled previously. But it’s the IPL that generates bulk of BCCI’s revenue. It is thought that it worth more than $11 billion a year to the Indian economy every year.
“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.
Dhumal joined the BCCI with Ganguly the secretary Jay Shah, said that the board won’t wish to resort to pay cuts for the players at this moment.
“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.
Dhumal also stated that India’s tour of Sri Lanka in June would only go ahead if the pandemic becomes normal. For the BCCI, the safety and health of the players are more important.