The Board of Control for Cricket in India (BCCI) was forced to postpone the IPL after multiple cases of COVID-19 among players and support staff emerged from Ahmedabad and New Delhi in the past couple of days.
The biggest loss for BCCI is the money it gets from Star Sports for the broadcast rights of the tournament. Star has a five-year contract worth Rs 16,347 crore which is Rs 3269.4 crore per year. If there are 60 games in a season, the per match valuation comes to approximately Rs 54.5 crore. If Star pays per match, then the amount for 29 matches would be Rs 1580 crore approximately out of what would have been Rs 3270 crore for a full.
Similarly, mobile manufacturers VIVO, as tournament's title sponsors, pay Rs 440 crore per season and BCCI is likely to get less than half of that amount because of the postponement. Add to it, associate sponsor companies like Unacademy, Dream11, CRed, Upstox, and Tata Motors, who pay in the range of Rs 120 crore each. Some subsidiary sponsors are also there. "Slash all the payments by half or a bit less and you will be reaching a loss in the range of 2200 crore. The actually losses could be much more but this is a back of the hand calculation for the season," the official said.
The loss of a substantial amount of money will also reduce the central revenue pool for the season (the money that BCCI distributes among eight franchises) to nearly half.
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