IPL 2021: BCCI to suffer the loss of over 2000 crores due to the mid-suspension of IPL!
This is Estimated loss of BCCI due to postponement of IPL.
BCCI on Tuesday took the decision of suspension of IPL 2021. This came after many cases of COVID-19 were detected among players of different franchises.
BCCI organizes IPL every year by investing a lot of money. This is because IPL is a great source of income for BCCI. Every season IPL leads to the generation of crores of tax. This strengthens India’s economy as well.
Unfortunately, this 14th season of IPL was postponed by BCCI due to rising corona cases. In 2021 about 60 games were to be played but only 29 games could be conducted. After the 29th game, many of the players tested positive for COVID-19. This lead to the early suspension of IPL.
UPDATE: The Indian Premier League Governing Council (IPL GC) and Board of Control for Cricket in India (BCCI) in an emergency meeting has unanimously decided to postpone IPL 2021 season with immediate effect.
Details – https://t.co/OgYXPj9FQy pic.twitter.com/lYmjBId8gL
— IndianPremierLeague (@IPL) May 4, 2021
Although BCCI suspended the IPL keeping players safety as their first priority but this must have been a really tough decision for BCCI. It is estimated that BCCI had now suffered a huge loss due to the suspension of IPL midway through the season.
Every year BCCI earns thousands of crores rupees from IPL. According to the estimate, from solely channel sponsor BCCI will lose around 1690 crores. Apart from that title sponsors and other associate sponsors will also not pay full money to BCCI.
The BCCI would like to thank everyone involved in organising IPL 2021 even in these extremely difficult times.
A special thanks to our fans without whom this would not have been possible.
We urge everyone to stay safe and take care. 🙏🙏#VIVOIPL pic.twitter.com/4Uh1zOAIjn
— IndianPremierLeague (@IPL) May 5, 2021
All this combined together will approximately lead to a loss of around 2000 – 2200 crores to BCCI. This is one of the reasons why BCCI was keen to organize IPL even amid the pandemic.
Moreover, BCCI is now committed to ensuring all the players reach their homes safe and sound.