BCCI set to lose over Rs 2000 crore due to IPL 2021 postponement amid Covid-19 crisis

1 week ago 10

The Board of Control for Cricket successful India (BCCI) stands to suffer successful excess of Rs 2000 crore, chiefly from the broadcast revenue, aft the Indian Premier League (IPL) 2021 was postponed owed to Covid-19 cases successful bio-bubbles crossed franchises. The cricket committee connected Tuesday announced that the IPL was indefinitely postponed aft players and enactment unit successful aggregate franchises tested affirmative for the microorganism successful bio-bubbles successful Ahmedabad and Delhi.

"We would beryllium losing thing betwixt Rs 2000 to Rs 2500 crore for the midway postponement of this season. I would accidental thing successful the scope of Rs 2200 crore volition beryllium person to close estimation," the Press Trust of India quoted a elder BCCI authoritative arsenic saying.

Only 29 matches were played successful the 60-match tourney which was scheduled to beryllium played until May 30 successful Ahmedabad. However, Match 29 of IPL 2021 betwixt Kolkata Knight Riders and Royal Challengers Bangalore was rescheduled connected Monday aft 2 KKR players tested affirmative for Covid-19.

The biggest nonaccomplishment for BCCI is the wealth it gets from Star Sports for the broadcast rights of the tournament, the study added. Star Sports has a five-year declaration worthy Rs 16,347 crore which is Rs 3269.4 crore per year. If determination are 60 games successful a season, the per lucifer valuation comes to astir Rs 54.5 crore.

If Star pays per match, past the magnitude for 29 matches would beryllium Rs 1580 crore astir retired of what would person been Rs 3270 crore for a afloat tournament. This means a nonaccomplishment of Rs 1690 crore for the Board.

Similarly, mobile manufacturers VIVO, arsenic tournament's rubric sponsors, wage Rs 440 crore per play and BCCI is apt to get little than fractional of that magnitude due to the fact that of the postponement. Add to it, subordinate sponsor companies similar Unacademy, Dream11, CRed, Upstox, and Tata Motors, who wage successful the scope of Rs 120 crore each. Some subsidiary sponsors are besides there.

"Slash each the payments by fractional oregon a spot little and you volition beryllium reaching a nonaccomplishment successful the scope of 2200 crore. The existent losses could beryllium overmuch much but this is simply a backmost of the manus calculation for the season," the authoritative said.

BCCI vice-president Rajeev Shulka connected Tuesday though clarified that the IPL was not cancelled but postponed. However, it remains to beryllium seen if the cricket committee tin find a model for the T20 league, provided the Covid-19 situation and the packed cricket calendar.