BCCI Not In Favour To Compensate IPL Franchises: Reports
/

BCCI Not In Favour To Compensate IPL Franchises: Reports

IPL 2020
(Image Credit: Twitter)

As the coronavirus has financially hit every sector, Indian Premier League (IPL) franchises had also asked the Board of Control for Cricket in India (BCCI) to give some kind of compensation. But the Indian board had refused any such demand, stating that they would equal earn the revenue.

The much-awaited IPL will kick start from 19th September in UAE. But before the commencement of the league, the franchise and BCCI have to take a lot of final calls on several topics as the league is scheduled in a foreign land after an extended break.

IPL, IPL 2020, BCCI
IPL 2020 (Credits: Twitter)

According to reports in Times of India, Board had stated that if IPL had not been this year, the teams would have not earned anything. So, the hosting of the league assures them some revenue instead of nothing.

“The board is of the opinion, “had there been no IPL this year, there would’ve been no earnings whatsoever. So, the fact that the IPL will be held this season assures the league’s stakeholders some revenue as against no revenue at all.”

Also, as per the report, one franchise had demanded to BCCI to give up 20% share of franchises that they are contractually obliged to give the board every season. But the board has refused to do away with any revenue.

“That 20% — from all eight franchises’ top-line — goes to the members of the BCCI and is part of the revenue corpus that state associations depend on. Every year, the association hosting an IPL match receives Rs 50 lakh from the franchise and Rs 50 lakh from the BCCI as hosting fee — totaling to Rs 8 crore per venue and Rs 64 crore across all franchises per season. Since this year’s edition is shifting to UAE, that revenue is already out of the window, so the 20% will stay,” say those sharing BCCI’s perspective.

Ifran Pathan, IPL 2020
AB de Villiers and Virat Kohli. Image Credit: BCCI/IPL.

Although IPL is searching for the title sponsor as Vivo suspended the deal with BCCI, the franchise would easily earn over 200 crores as per experts.

“Add the local revenues like jersey sponsorship and other partners to that and the franchises are going to earn in excess of Rs 250 crore.

“Deduct the player fees and operating costs, franchises will still earn in excess of Rs 100 crore in the middle of a pandemic. Now, how’s that compared to no IPL this season?” say those tracking developments.

The Chinese brand Vivo had pulled out from this edition’s sponsorship after the relation between India and China flared up in Line of Actual Control (LAC).

Get the latest news and updates from Indian Premier League, ICC World Cup 2019, Match Prediction & Fantasy cricket. Follow SportzWiki for all cricket news, WWE News & Sports News.