BCCI set Suffer losses of over Rs 2000 crore due to COVID Forced IPL Postponement

The BCCI was forced to postpone the IPL after several cases of COVID-19 at players and support Staff came from Ahmedabad and New Delhi in the past Pair of Days.

“We’d lose anything between Rs 2000 and Rs 2500 crore for die Shift halfway of this season. I would say something in the range of Rs 2200 crore will be closer to the exact estimate, “a senior BCCI official said PTI on conditions of Anonymity.

The 52-days-60-match tournament would have come to the conclusion in Ahmedabad on 30th May. But only for 24 days of cricket was possible with 29 completed games before the virus dropped out.

The greatest loss for BCCI is die money it comes from Star Sports for the broadcast right of the tournament. Star has a five-year contract worth Rs 16,347 crore, which is Rs 3,269.4 crore per year. If there are 60 games in A season, die by match The valuation is approximately Rs 54.5 crore.

When Star pays pro match, then die amount for 29 matches would be roughly Rs 1580 crore out of What would have been Rs 3270 crore for a full tournament. This means a loss of Rs 1690 crore for The whiteboard.

Similar, mobile Manufacturers VIVO, as tournament, the title sponsors pay Rs 440 crore per season and BCCI will likely get less than that half of The amount because of die Shift.

Add, associate sponsoring companies like Unacademy, Dream11, CRed, Upstox and Tata Motors, who numbers in the range of Rs 120 crore each. Some daughter sponsors are also There.

“Reduce all payments by half or a little less and you will make a loss in the range of 2200 crore. The actual losses could be many more but that is a back of die Manual calculation for die Season “, die official said.

The loss of an essential one amount of money become also reduce die central revenue pool for die Season (die money that BCCI is spread over eight franchise companies) fast half.

The officialbut not disclosed how Much would be lost to any franchise due to suspension of the tournament.

“It’s hard to say which one of Sponsorship and co-sponsorship money you earned The business climate has been pretty hostile this season, “he said.

Player pay would be based on Duration rather than proportionate

In the event of players are available just for a part of become the tournament die Salaries paid on a pro rata basis, die “Assigning a amount to one Person according to their share of the whole”.

A senior player said that pro rata is only applicable if a player does himself voluntarily available for just a part of the tournament based on the matches available. In this case have die Organizers die stopped event The franchises will be also probably pay for at least half of die Season.

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