The Board of Control for Cricket in India (BCCI) has postponed the 13th season of the Indian Premier League (IPL) till 15 April due to the increasing effects of Coronavirus (COVID-19).
The tournament was earlier scheduled to begin on March 29. The board had the option to avoid the cancellation of the tournament. If this season is canceled completely, the franchisees and broadcasters will lose Rs 3500 crore.
At the same time, franchisees have hired 600 people for the tournament job will be in danger.
A franchise official said, “From a commercial point of view, teams preferred not to play completely or to play in the empty stand of the stadium instead of playing without foreign players.”
However, in the current environment, the best option was to postpone the tournament. “The meeting of the eight franchises will be held in Mumbai on Saturday, March 14. There can be a discussion about the schedule ahead.
According to the board official, the tournament can be lost between Rs 3000 and Rs 3500 crore. All franchisees get Rs 100 crore from the board as broadcast revenue.
They also get shares in Central Sponsorship. Franchisees will have to wash their hands. The cost of flights and hotels is around 50 crores. They will also be affected.
The eight franchises jointly employ around 600 people. These include both freelance and people on the payroll. Everyone’s job can go.
Twice in the 12-year history of the IPL, the tournament was held in other countries but has not been canceled so far.
The difficulties of franchisees increased after the central government issued an advisory on visas for foreign players. Foreigners are banned from coming to India by the evening of 15 April.
There are some exemptions in business and diplomatic visas. However, it is not yet clear whether the central government will allow the players to be granted visas after April 15.