We Are Not Sure About Conducting IPL:
Cutting off the financially spinning IPL this year will cost more than half a billion dollars because of the coronavirus pandemic, but cutting pay for the players wasn’t yet taken into account, a leading official said.
The richest Twenty20 tournament in the world has been postponed twice in 12 years since the first start date of March 29.
The cancellation of the IPL 2020 will be an immense financial hit.
“BCCI has an enormous revenue loss in hand,” said Arun Dhumal, treasurer of the BCCI, in which he claimed that if the IPL did not take place the loss would be around 40 billion rupees or more.
Like other cricket countries, India is keen to see a return to international competitive sport but must follow instructions and recommendations from the government.
“We don’t know if we will have it this year or not,” he said.
It Was Hoped To Avoid Pay Cuts For Players:
In March, an ODI series was canceled against South Africa but the IPL, which started in 2008, generates a major part of the BCCI revenues and is expected to amount to more than 11 billion dollars a year for the Indian economy.
“It is only when we know how many games we have lost that we can recognize the exact loss in revenue,” Dhumal said.
The Duff and Phelps financial consultancy valued the IPL brand worth last year at $6.7 billion.
Star Sports Indian broadcaster paid over $220 million for TV rights over five years to the year 2022. However, it reportedly expected $400 million in sales alone by 2020.
Many national cricket boards were forced to slash costs by an international lockdown.
Cricket Australia has discharged most of its workers while the Cricket Board of England and Wales have reported cuts in wages.
Dhumal and Chairman Sourav Ganguly and secretary Jay Shah, who entered BCCI leadership later last year, said they hope they ‘re preventing pay cuts for players.
“We ‘d just like to do at our end, pay cutting would be the last thing,” Dhumal said. “That’s why we focus on the loss we have to pay.” We once able to determine it, the other item on our agenda must then be considered.
Dhumal said India’s tour of Sri Lanka would go forward only if the pandemic facilitated.
The leadership of the BCCI has been actively debating the resumption of competitive crickets with the International cricket council.
In Australia in October, the doubts remain over the 20-20 World Cup as well as the 4-Test, 3-ODI Tour of India.
“What’s the problem of the quarantine when we’re already there for the T20 World Cup since we’ll be there for a month,” he said.
“Cricket Australia is not in a position to come up with anything specific, either. Much will rely on the government and on the travel ban. Let’s see how they go about it.”
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