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Board of Control for Cricket in India (BCCI) president Sourav Ganguly counted on the losses if Indian Premier League (IPL) does not take place 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. According to Ganguly, BCCI would have to bear a loss of INR 4,000 Crore.
Not hosting the Indian Premier League (IPL) will cause losses: Sourav Ganguly
“We will have to examine our financial situation, see how much money we have and take a call. Not hosting the Indian Premier League (IPL) will cause losses to the tune of Rs. 4,000 crore which is huge,” Ganguly told mid-day.
To minimise the losses, many boards like ECB and CA have declared pay cuts for players. There are speculations that BCCI might also have to announce pay cuts, but the former Indian captain has said that pay cut will be an option if IPL 2020 couldn’t be hosted.
“If the IPL takes place, we won’t have to go in for pay cuts. We’ll manage things,” added Ganguly.
Earlier BCCI treasurer, 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.
Yes, the attraction will be less: Sourav Ganguly
There are also suggestions for IPL being hosted behind closed doors post-COVID-19. Ganguly, who has experience of playing without the crowd in 1999 Test series against Pakistan, expressed that there was no fun and excitement without the crowd.
“Yes, the attraction will be less. I remember playing in such a scenario [when spectators were not allowed in for the final day after crowd disturbances at Eden Gardens] at the Asian Test Championship game against Pakistan in 1999 and there was a clear lack of excitement.
“If you have matches with a restricted amount of crowds, not only would strict social distancing rules apply, the officials would also have to be very careful about how the spectators leave the galleries for home. The policing will have to be very strict. It’s a tough call and the situation we find ourselves in, is grave,” Ganguly added.
Meanwhile, the 13th edition of IPL was scheduled to start from 29th March, but because of the deadly virus, the league has been postponed indefinitely. According to reports, BCCI is planning to organise the lucrative league in September or October if ICC gets ready to shift the T20 World Cup’s schedule.