The second wave has created a furore in India. The Cricket Board of India (BCCI) postponed IPL 2021 due to breakdown of bio bubble. After the postponement of the tournament, it was known to everyone that the board was going to suffer a huge loss. But at present it is estimated that due to this there can be a huge loss of up to Rs 2500 crore.
BCCI will be a big loss
The decision to postpone IPL 2021 was taken by the BCCI due to the ever increasing corona infected cases in the bio bubble. The postponement of the world’s richest league could cause the board to suffer heavy losses. Actually, for your information, let us know that the board earns about 4 thousand crore rupees from one season of IPL.
But in this way, the postponement of the tournament in the middle is being estimated that the board may suffer losses of up to Rs 2.5 thousand crores. BCCI source said,
“We are likely to lose between 2000 and 2500 crores due to the postponement of the league in the middle season. If we get an accurate estimate, then it will be around 2200 crore rupees. ”
Broadcast revenue will be a big loss
The IPL 2021 was inaugurated on 9 April and the tournament was scheduled to run till 31 May and 60 matches were to be played. But the tournament has played only 29 matches this season with 31 matches remaining. Broadcasting revenue will be the biggest loser. Matches are being done without fans from last season. Ticket revenue is also being lost to the board and franchisees.
Star had contracted for Rs 16,347 crore for five years. That is, when it comes to a match, its value comes to about 54.5 crores rupees. Now that 29 matches have been played, the board will get only Rs.1580 crore and there will be a loss of about Rs.1690 crore due to non-play of 31 matches. 440 crore was to be received from the title sponsor. Due to half the tournament, only half the amount i.e. 220 crores will be received. Apart from this, there will be a similar reduction in the amount received from other sponsors.
Franchisees will also lose up to 2200 crores
Due to the suspension of IPL 2021 in this way, not only will the board suffer losses but the franchisees will also suffer heavy losses. The board official said that there will be a loss of at least 2200 crores.
However in reality the damage may be more. But according to the calculation that can be done, the loss has been estimated. It has been known that the board also gives some of its earnings to the franchisees, now that the board has reduced its earnings, the franchisees are bound to suffer losses.