IF IPL 2020 IS CANCELLED BCCI LOSSES 3800 CORE

       
       

With no Covid-19 insurance, BCCI and stakeholders set to lose over Rs 3800 crore if IPL 2020 is cancelled

         What the BCCI and IPL organising committee did not expect is the 21-day lockdown which was announced by India's Prime Minister Narendra Modi on March 24.

       The Board of Control for Cricket in India (BCCI) is the richest cricket body in the world but then a cancellation of the Indian Premier League's 13th edition could deliver a massive jolt to the Indian cricket body.

          The BCCI office-bearers must be dwelling on the possible chances of holding the tournament sometime later this year but to identify a window even for a curtailed IPL will be a herculean task thanks to a packed cricketing calendar this year

              IPL 13 was postponed in mid-March due to the novel coronavirus pandemic. The tournament's revised date was set for April 14.

            Looking the growing crisis due to the virus, the Indian government is now mulling an extension of the 21-day lockdown. It was supposed to end on April 15, a day after the scheduled start of the IPL but an extension is almost inevitable now.

   Canllectionof of IPL

           Thus, a cancellation of the IPL this year would mean a direct loss of Rs 3269.50 crore for Star, who had already suffered a Rs 1216 crore loss in the previous financial year with expenses for the IPL reaching Rs 4,000 crore for the 2019 season.

   To  the BCCI had also sold the title sponsorship to VIVO for Rs 2,000 crore for a period of 5 years which means a loss of Rs 400 crore in 2020 if IPL is cancelled.

Add to this a loss of Rs 200 crore from central sponsorship, and the combined loss comes out to be Rs 3,869.50 crore, if the Indian and overseas players don't take the field in the IPL this year.