Due to suspension of IPL 2021, the BCCI may lose more than two thousand crore rupees in the broadcast and sponsor amount.
Glenn Maxwell is currently playing for RCB in IPL-14. (Pic Credit IPL)
IPL 2021 was postponed indefinitely on 4 May due to Kovid-19 cases. The BCCI was forced to postpone the IPL after several cases of Kovid-19 were reported between players and support staff in Ahmedabad and New Delhi in the last few days. With this decision, the earnings of the BCCI as well as team owners and players are certain to be affected. BCCI may lose more than two thousand crore rupees in the broadcast and sponsorship amount. At the same time it is possible to cut the salary of players. Players will be paid amount according to time instead of ratio.
If the player has made himself available for a part of the tournament, then the salary will be according to the ratio. This means that the player who played the matches will get their own money. This money will be divided from the amount of his bid. For example, if a player was bought for Rs 14 crore and has played only seven matches, then he will get only seven crore rupees. A senior player, however, said that the ratio would be applicable only when a player would voluntarily make himself available for some part of the tournament. But right now the organizers have stopped the tournament in the middle. In such a situation, the franchisees will have to pay at least half the season’s money to the players.
2000 to 2500 crores loss
On the other hand, a senior BCCI official told PTI on the condition of anonymity, ‘Postponement of this session in the middle can cause us a loss of 2000 to 2500 crores. I would say that the amount of Rs 2200 crore will be more accurate. ‘ This 52-day 60-match tournament was to conclude in Ahmedabad on 30 May. However, cricket was played for only 24 days and during this period the tournament had to be postponed due to virus after 29 matches. The biggest loss to the BCCI will be the amount received from the broadcasting officer of the tournament from Star Sports.
Star will also get half the money
Star’s five-year contract is worth Rs 16 thousand 347 crore, which is slightly more than three thousand 269 crore per year. If there are 60 matches in a season, then the amount of each match is about 54 crore 50 lakh rupees. If Star pays per match, then the amount of 29 matches is about 1580 crores. In such a situation, the board will incur a loss of 1690 crores. Similarly, the mobile manufacturer Vivo pays Rs 440 crore per season as the title sponsor of the tournament and due to the postponement of the tournament, the BCCI is expected to get less than half the amount.
BCCI will get half the money
There are also subsidiary sponsoring companies such as Unacademy, Dream 11, Seared, Upstocks and Tata Motors, each paying around Rs 120 crore per season. The official said, ‘All the payments should be reduced in half or something and you will incur a loss of about Rs 2200 crores. Actually the loss may be much more than this but it is an estimated loss of the session. The loss will also reduce the amount of the Central Revenue Pool (BCCI which distributes the money to eight franchisees) by about half. The official, however, did not say how much damage would be done to each franchise due to the suspension of the tournament.
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