- The 52-day-long 60-match tournament was to conclude in Ahmedabad on May 30.
- IPL had to be postponed due to Corona being held for 29 matches.
- The biggest loss to BCCI will be from the amount of broadcasting rights
IPL 2021 was postponed indefinitely on Tuesday due to Kovid-19 cases in a biologically safe environment. With the postponement of the league, the BCCI may lose more than two thousand crore rupees in the broadcast and sponsorship amount.
The BCCI was forced to postpone the IPL after several Kovid-19 cases surfaced in Ahmedabad and New Delhi between players and support staff in the past few days.
‘2200 crore rupees will be more accurate’
A senior BCCI official told PTI on the condition of anonymity, ‘Postponement of this session in the middle can cause us a loss of Rs 2000 to 2500 crores. I would say that the amount of Rs 2200 crores would be more accurate. ‘
IPL 2021 to end on May 30
This 52-day 60-match tournament was to conclude in Ahmedabad on 30 May. However, cricket was played for only 24 days and during this period the tournament was postponed due to virus after 29 matches.
This will cause the most damage
The biggest loss to the BCCI will be the amount of money received from the telecast rights of the tournament from Star Sports. Star’s five-year contract is worth Rs 16 thousand 347 crore, which is slightly more than three thousand 269 crore per year. If there are 60 matches in a season, then the amount of each match is about 54 crore 50 lakh rupees.
If Star pays per match, then the amount of 29 matches is about Rs 1580 crore. In such a situation, the board will incur a loss of 1690 crores. Similarly, the mobile manufacturer Vivo pays Rs 440 crore per season as the title sponsor of the tournament and BCCI is expected to get less than half the amount due to the postponement of the tournament.
There are also subsidiary sponsoring companies such as Unacademy, Dream 11, Seared, Upstocks and Tata Motors, each paying around Rs 120 crore per season.
Estimated loss to be 2200 crores
The official said, ‘If all the payments are reduced by half or something, then you will incur a loss of about Rs 2200 crore. Actually the loss may be much more than this but it is the estimated loss of the session.
The loss will also reduce the amount of the Central Revenue Pool (BCCI which distributes the money to eight franchisees) by about half. The official, however, did not say how much damage would be done to each franchisee due to the suspension of the tournament. Players will be paid the amount according to time instead of the ratio. If the player has made himself available for a part of the tournament, then the salary will be in proportion.