HomeNewsFinance & MoneyCricketIndia

IPL cancellation ‘could cost BCCI $530m’

The Mumbai Indians celebrate after they defeated the Chennai Super Kings during the 2019 Indian Premier League Final (by Robert Cianflone/Getty Images)

Board of Control for Cricket in India treasurer Arun Dhumal has said the organisation could lose Rp40bn ($530m/€489m) if this year’s Indian Premier League is cancelled.

This year’s IPL was postponed repeatedly from its original March 29 start date, before being postponed ‘indefinitely’ in April. Speaking to Agence-France Presse, Dhumal said the BCCI is still “not sure” whether it will take place this year.

“The BCCI is looking at a big revenue loss. In case the IPL does not take place, the loss would be close to 40 billion rupees (US$530 million), or even more,” Dhumal said.

The AFP report said the IPL generates “the bulk of” the BCCI’s revenue, and is worth more than $11bn per year to the Indian economy.

Indian pay-television broadcaster Star pays the BCCI around $510m per year for global media rights for the IPL.

Despite the revenue threat, the BCCI is aiming to avoid pay cuts for players. “That would be the last thing that we would want to do at our end,” Dhumal said.

The treasurer also said that a planned tour of Sri Lanka, to start in June, would only go ahead if the pandemic eases. “The safety and health of our cricketers is paramount and any shred of doubt, we will not shy away from calling it off,” he said.

AFP reported that doubts remain over the Twenty20 World Cup in Australia this October and November, and India’s planned tour of Australia afterwards. Dhumal said hosts Cricket Australia were not yet “in a position to come up with something concrete. A lot will depend on the government and the travel bans in place. Let’s see how they go about it.”