Cricket

BCCI set to lose over INR 2000 crores after IPL 2021 postponement amid Covid-19 crisis

The Board of Control for Cricket in India is set to lose a whopping amount of more than INR 2000 crores after it was forced to postpone the 14th season of the Indian Premier League.

The Indian board is expected to miss a major chunk of revenue from the broadcasting rights of Star Sports.

The BCCI had to postpone the event on Tuesday after a rise in the number of Covid-19 cases. Delhi Capitals’ leg-spinner Amit Mishra and Sunrisers Hyderabad wicket-keeper batsman Wriddhiman Saha were tested positive Covid-19 on Tuesday.

Later in the day, Chennai Super Kings batting coach Michael Hussey was tested positive for the virus after their bowling coach Laxmipathy Balaji and a bus cleaner were tested positive on Monday. Thus, it was a guile decision from the Indian board to postpone the event indefinitely.

“We would be losing anything between Rs 2000 to Rs 2500 crore for the midway postponement of this season. I would say something in the range of Rs 2200 crore will be closer to accurate estimation,” the Press Trust of India quoted a senior BCCI official as saying.

Only 29 matches were hosted in the 60-match tournament and thus the remaining 31 games were postponed. The 30th match of the tourney between Royal Challengers Bangalore and Kolkata Knight Riders was initially rescheduled after two KKR players were tested positive.

The biggest loss which BCCI will suffer will be from broadcasting rights from Star Sports. Star has a five-year contract with BCCI which is worth INR 16347 crores. Thus, BCCI approximately gets INR 3270 crores per year from Star Sports for a single season of the IPL.

Thus, if there are 60 matches in a particular season of the IPL, like there were in 2021, the value of each match is 54.5 crores, which Star pays to the BCCI. However as 31 games couldn’t be hosted as scheduled, the BCCI will lose a hefty amount of INR 1690 crores.

Furthermore, there will be losses from the plethora of sponsors of the event, as it couldn’t be completed as planned.

About the Author


Written by DafaNews

DafaNews brings you the most highlighted news in the world of Sports. It serves you up-to-date matches, scores, live streams, fantasy games and quizzes. Our news covers India's prestigious leagues and events – Premier League, Pro Kabbadi League, Cricket World Cup and many more. Follow DafaNews on Facebook, Instagram, Twitter,Telegram and Youtube for more updates.

Related Post
Share
Published by
DafaNews

Recent Posts

Pro Kabaddi League 2024: Jaipur Pink Panthers vs Dabang Delhi K.C. – Match Preview

The inaugural champions Jaipur Pink Panthers will take the mat against Dabang Delhi K.C. in… Read More

November 21, 2024

Robert Lewandowski recalls playing under ‘difficult’ Pep Guardiola; explains how ex-Barcelona coach changed

Barcelona’s striker Robert Lewandowski recalled how Pep Guardiola was a difficult coach to play under… Read More

November 21, 2024

Ayush Chikkara aspires to be a ‘regular’ in Mumbai City FC’s team, says doesn’t want to take any external pressure

Mumbai City FC forward Ayush Chikkara wants to find a regular place in Petr Kratky’s… Read More

November 21, 2024

Carlos Alcaraz lauds Rafael Nadal’s legacy after retirement

World No.2 Carlos Alcaraz hailed Rafael Nadal’s legacy after the veteran Spaniard retired from the… Read More

November 21, 2024

Jamshedpur FC’s defender Ashutosh Mehta credits ‘100% professional’ Khalid Jamil for having a big impact in his life

Jamshedpur FC full-back Ashutosh Mehta has given credit to head coach Khalid Jamil for playing… Read More

November 21, 2024

Lakers star LeBron James says he’s taking a break from social media

Los Angeles Lakers’s superstar LeBron James has revealed he is taking a break from social… Read More

November 21, 2024