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BCCI could lose Rs 3869.5 Cr in Broadcast Revenue If IPL 2020 Cancelled Amid Coronavirus

The out break of corona virus makes organizers to postpone the scheduled sports events in order to avoid the spread. The cash-rich Indian Premier League faces the same fate. BCCI recently made an announcement regard the IPL execution after considering with IPL franchise. Considering the safety terms BCCI postponed the IPL to the mid of April and also hints that IPL could get cancelled if it crosses the deadline(April 20).

Expected lose to BCCI

With all the speculation regarding the IPL, its governing council(BCCI) could lose a huge sum of money if the 2020 edition gets cancelled. However, the amount of loss of broadcast revenues seems like a huge amount. It is estimated that IPL will lose close to USD $500 million(Rs 3869.5 cr) if the season is cancelled. With cases increasing and no improvement in the situation, this seems quite likely to happen.

Broadcasting rights for IPL 2020

Disney-owned Star India holds the broadcasting rights for the IPL. The company has both the television and the digital streaming rights for the league. It was estimated that the company will earn around $445 million. This amount also includes a deal with the UK broadcaster Sky.

Along with this, the central and title sponsorship deals which attract $81 million (INR 600 Crore) will also go out of the hands of the BCCI. Haris Thawani, the chairman of Neo Sports-owner Nimbus Communication, revealed his opinion on the matter to Business Today. According to him, most of the IPL teams will be insured if the 13th edition gets cancelled.

BCCI would lose Rs 3869.5 Cr if IPL cancelled
BCCI would lose Rs 3869.5 Cr if IPL cancelled
Recently after a meeting in the BCCI headquarters, honorary secretary Jay Shah spoke about the current situation. He said, “The board will continue to monitor and work closely with the government of India, state governments and other state regulatory bodies to decide on the future course of action in the best interest of public health. The BCCI and all its stakeholders are committed to providing a safe and healthy environment for everyone involved in our great sport and the nation.”

BCCI’s final option

It looks like the BCCI finally made up its mind on going the distance to conduct the thirteenth edition of the Indian Premier League (IPL). While the experts comes out with possible six ways to host if IPL starts from April 15.
The report further stated that BCCI is planning to host the IPL in July-September if things do not improve in the coming days. The Future Tours Programme (FTP) for the year 2020 has little of consequence between the months of July and September barring the Asia Cup T20 in the United Arab Emirates (UAE) scheduled in September and England hosting Pakistan at home before playing Ireland in the white-ball format.
Times of Sports
Times of Sports
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