The Board of Control for Cricket in India (BCCI) is reportedly set to suffer a loss of over 2000 crore rupees due to the suspension of the Indian Premier League (IPL 2021). The tournament was stopped today after two more positive COVID-19 tests to add to the four reported yesterday inside the teams’ bio-bubbles led to huge concerns over the players and their families’ well-being.
IPL released a statement about the suspension stating that the decision was taken ‘keeping the safety, health and wellbeing of all the stakeholders in mind.’ The BCCI also stated that it would do everything in its powers to ensure that the players are back home safely very soon.
BCCI set to suffer a big loss due to IPL 2021’s postponement
The BCCI is reportedly set to suffer a big financial loss due to the postponement of IPL 2021. A senior official spoke to The Indian Express about the same and said, “We would be losing anything between Rs 2000 to Rs 2500 crore for the midway postponement of this season. I would say something in the range of Rs 2200 crore will be closer to accurate estimation.”
“Slash all the payments by half or a bit less and you will be reaching a loss in the range of 2200 crore. The actual losses could be much more but this is a back of the hand calculation for the season. It is difficult to say what kind of sponsorship and co-sponsorship money they earned this season as the economic climate has been pretty hostile,” he added.
On being asked as to how much each franchise would loss, the official said, “It is difficult to say what kind of sponsorship and co-sponsorship money they earned this season as the economic climate has been pretty hostile.”
It remains to be seen as to when and if the remainder of IPL 2021 will take place.