Scrapping the money-spinning Indian Premier League this year because of the coronavirus pandemic would cost more than half a billion dollars, but ...
Board of Control for Cricket in India treasurer Arun Dhumal says cancellation of the IPL this year could cost Indian cricket more than half a billion dollars. NEW DELHI: Scrapping the money-spinning Indian Premier League this year because of the coronavirus pandemic would cost more than half a billion dollars, but cutting players' pay was not yet being considered, a top official has told AFP.
A one-day international series against South Africa in March has already been cancelled but it is the IPL, which began in 2008, that generates the bulk of BCCI revenue and is thought to be worth more than US$11 billion a year to the Indian economy. Indian broadcaster Star Sports paid more than US$220 million for five years of TV rights up to 2022. But it was reportedly targeting US$400 million of revenue in 2020 alone.Gripped by an international lockdown, many national boards have been forced into cost-cutting.
But Dhumal, who joined the BCCI leadership last year alongside president Sourav Ganguly and secretary Jay Shah, said that it was hoped to avoid pay cuts for players."That is why we are working how much is the loss finally we have to pay. Dhumal said India's tour of Sri Lanka, scheduled to begin in June, would only go ahead if the pandemic eases.
Doubts remain over the Twenty20 World Cup beginning in October in Australia and India's four-Test, three-ODI tour afterwards.
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