BCCI to lose INR 40 billion if IPL gets cancelled — BCCI to lose INR 40 billion if IPL gets canceled

Amid the Coronavirus outbreak, a surplus amount of negativity has been spread across the globe. All the cricketing schedules have either been postponed or called off. The global health pandemic has halted all the major sports activities. IPL is one of the cricketing leagues that got delayed until further notice amidst the lockdown.

IPL was all set to be kicked off by 29th March. It moved ahead by the pressure created by the lockdown in India which was later extended as well. The cash-rich league first moved to the latest window of April-May later with an extension in the lockdown by Modi’s government till 3rd May, the league was called off indefinitely till any further notice by the officials. Cancelation is to cost negatively to franchises as well as the Board of Control of Cricket India (BCCI).

The situation hangs by a threat of losing INR 40 billion as Coronavirus fears are getting over nerves day after day. There could hardly be a chance for a proper continuation of IPL. BCCI might choose to keep the tournament truncated and behind closed doors.

Keeping the tournament short and with no audience, 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

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.

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