After a lot of rumors regarding IPL postponement BCCI finally made it’s statement. BCCI declared that IPL will be suspend until further notice. Originally BCCI decide to host the cash rich Indian Premier League from March 29.
As the COVID-19 infection shows it’s peak performance the Indian government extend the lock down till May 3. As the participation of foreign players is not possible in this situation, BCCI without any option left took this heart breaking decision.
The BCCI seeks for it’s all possible way to host the tournament as the failure to host will make a huge loss. Experts states that if IPL 2020 cancelled it would make a dent in Indian economy in the upcoming year.
A cancellation would translate into a direct loss of ₹ 3269.50 crores for Star. This at the back of a loss of ₹1216 crore loss it suffered in the previous financial year would be a massive blow.
The title sponsorship rights for IPL had also sold for a huge figure of ₹ 2,000 crores to Chinese smartphone manufacturer Vivo. A cancelled 2020 IPL means a loss of ₹ 400 crores for BCCI.
Add to that a loss of ₹ 200 crores from central sponsorship, and the combined figure reaches ₹ 3,869.50 crores.
SLC President Shammi Silva said that India is likely to look into Sri Lanka’s proposal to host IPL 2020 if the coronavirus situation subsides in the neighboring country.
“The health and safety of the nation and everyone involved in our great sport remain our top priority and as such, the BCCI along with the Franchise Owners, Broadcaster, Sponsors and all the Stakeholders acknowledge that the IPL 2020 season will only commence when it is safe and appropriate to do so,” a BCCI release stated.
NEWS : IPL 2020 suspended till further notice
— IndianPremierLeague (@IPL) April 16, 2020
The first clash was to be between two finalists from last season – Mumbai Indians and Chennai Super Kings.
Meanwhile, the ICC has put all international cricket on hold. BCCI too was forced to call off the three-match ODI series against South Africa.