The Board of Control for Cricket in India (BCCI) on Friday confirmed that the Indian Premier League (IPL) 2020 has been suspended till April 15 as a precautionary measure against the coronavirus pandemic. But what if it gets cancelled due to the global pandemic? Who will incur greater losses?
Let's check out!
The Board of Control for Cricket (BCCI) in India stands to lose the most if Indian Premier League this year gets shelved due to the ongoing global pandemic.
The Indian board earns ₹4000 crores through broadcasters and central sponsors in every IPL season.
Then they pay the franchises ₹2,000 crores with a proportion of 50:50.
If the season gets cancelled, BCCI will lose it's ₹2000 crores.
Normally when the league takes place broadcasters earn their annual instalment of ₹3,300 crores through ad sales and distribution costs.
But if this year's IPL gets cancelled due to the on-going global coronavirus pandemic, broadcasters of the league will fail to get this amount.