BCCI Would Face Loss Of USD 530 Million If IPL Gets Cancelled

BCCI Would Face Loss Of USD 530 Million If IPL Gets Cancelled

IPL 2020, IPL 2020, ECB
IPL Trophy. Photo Credit: BCCI/IPL.

Board of Control for Cricket in India(BCCI) will have to bear a loss of more than half a billion dollars if the Indian Premier League(IPL) gets cancelled this year. It is the first time in 12 years of IPL history that an edition is under the threat of the cancellation because of a virus, which has created an unprecedented situation.

The lucrative league alone creates the bulk of revenue for BCCI and also affects the Indian economy. Reportedly, it is worth more than $11 billion a year for the Indian economy. So, it will cost a huge sum of loss for the Indian board.

BCCI’s treasurer Arun Dhumal opined that the board is also not sure about hosting the IPL, which was earlier scheduled to start from 29th March.

BCCI, IPL loss,
Image Credit: Twitter

“The BCCI is looking at a big revenue loss. In case the IPL does not take place, the loss would be close to 40 billion rupees ($530 million), or even more,” said Board of Control for Cricket in India treasurer Arun Dhumal.

“We are not sure whether we will be able to have it this year,” he admitted.

The Indian board has only calculated the loss which would be caused by IPL. As many more series and matches get cancelled in the future, the revenue loss might increase, according to Dhumal.

“We will only be able to figure out the exact revenue loss once we are sure of how many games we have lost,” said Dhumal.

Pay Cut Will be last option:

India, BCCI, IPL
Image Credit: BCCI Twitter

To minimise the losses, many boards like ECB and CA have declared pay cuts for players. However, Dhumal, who joined the office with Sourav Ganguly, has said that the Indian board will consider the pay cut as a last option only if there is no other way to come over the loss.

“That would be the last thing that we would want to do at our end,” said Dhumal.

“That is why we are working (on) how much is the loss finally we have to pay. So once we are able to assess that then we might consider it, but it will be the last thing on our agenda.”

Australia tour will depend on government:

India, New Zealand
Indian team. Credits: BCCI

According to reports, Cricket Australia is continuously in touch with BCCI for sending Indian player later this year to play four-match Test series and three-match ODI series. Australia is also scheduled to host ICC T20 World Cup 2020.

But Dhumal said that the final decision of India’s tour to Australia would depend on the government’s take on the future.

“In case we are already there for the T20 World Cup then there is no question of quarantine because we will already have been there for a month or so,” he said.

“Cricket Australia is also not in a position to come up with something concrete. A lot will depend on the government and the travel bans in place. Let’s see how they go about it.

Meanwhile, India is also scheduled to tour Sri Lanka in June, but no calls have been taken on the tour. Doubts are there that series might get cancelled.