By | 24th July, 2020
The money side of IPL 2020: Why BCCI couldn't afford cancelling Indian Premier League Season 13

The BCCI could’ve suffered a loss of INR 4,000 crore had the Indian Premier League not been held this year. The IPL Season 13 is likely to take place in UAE from September 19.

KEY HIGHLIGHTS

  • IPL is one of the biggest revenue-earning platforms for the BCCI
  • IPL Season 13 is finally expected to take place from September 19 in the UAE
  • In doing so, the BCCI has averted a loss of INR 4,000 crore that it would’ve incurred in the absence of IPL

The Indian Premier League (IPL) 2020 is all set to kick-off on September 19, with only the government approval remaining. The Board of Control for Cricket in India (BCCI) had its eyes glued to the recent International Cricket Council (ICC) meeting where the decision over the postponement of this year’s T20 World Cup was finally taken. The move gave BCCI the green signal to finalise its plans for the T20 league and save Indian cricket from a financial crisis which would’ve taken place in the absence of IPL.

There is no doubting that the BCCI is the richest cricketing body in the world. One of the biggest reasons behind its financial strength is the IPL – which indeed is the most lucrative franchise-based cricketing tournament in the world. While the players love to participate in the league – both because of sporting and financial reasons – the Indian board also earns a hefty paycheque from various partners who cash-in on the league’s popularity.

With almost all roadblocks out of BCCI’s way to conduct IPL this year, we take a look at the factors that made it nearly impossible for the board to let the tournament slip by.

Rs 3300 crore Media Rights contract:

The BCCI gets a whopping INR 3300 crore from the media rights holder (Star TV) per year for the IPL. In fact, Star had already paid INR 2000 crore in advance before the talks of the league being cancelled amid the pandemic started to take place.

Rs 440 crore title sponsorship with VIVO:

Though there’s been plenty of noise surrounding the sponsorship of the IPL by a Chinese mobile brand, amid the tensions on the Indo-China border, the money from the sponsorship holds huge importance for the BCCI. In times where the COVID-19 pandemic is causing huge economic impacts, the board just couldn’t say no to VIVO and cancel the contract.

The Money side of IPL: Why BCCI couldn't afford cancellation | Courtesy: @IPL

The Money side of IPL: Why BCCI couldn’t afford cancellation | Courtesy: @IPL  |  Photo Credit: Twitter

KEY HIGHLIGHTS

  • IPL is one of the biggest revenue-earning platforms for the BCCI
  • IPL Season 13 is finally expected to take place from September 19 in the UAE
  • In doing so, the BCCI has averted a loss of INR 4,000 crore that it would’ve incurred in the absence of IPL

The Indian Premier League (IPL) 2020 is all set to kick-off on September 19, with only the government approval remaining. The Board of Control for Cricket in India (BCCI) had its eyes glued to the recent International Cricket Council (ICC) meeting where the decision over the postponement of this year’s T20 World Cup was finally taken. The move gave BCCI the green signal to finalise its plans for the T20 league and save Indian cricket from a financial crisis which would’ve taken place in the absence of IPL.

There is no doubting that the BCCI is the richest cricketing body in the world. One of the biggest reasons behind its financial strength is the IPL – which indeed is the most lucrative franchise-based cricketing tournament in the world. While the players love to participate in the league – both because of sporting and financial reasons – the Indian board also earns a hefty paycheque from various partners who cash-in on the league’s popularity.

With almost all roadblocks out of BCCI’s way to conduct IPL this year, we take a look at the factors that made it nearly impossible for the board to let the tournament slip by.

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Rs 3300 crore Media Rights contract:

The BCCI gets a whopping INR 3300 crore from the media rights holder (Star TV) per year for the IPL. In fact, Star had already paid INR 2000 crore in advance before the talks of the league being cancelled amid the pandemic started to take place.

Rs 440 crore title sponsorship with VIVO:

Though there’s been plenty of noise surrounding the sponsorship of the IPL by a Chinese mobile brand, amid the tensions on the Indo-China border, the money from the sponsorship holds huge importance for the BCCI. In times where the COVID-19 pandemic is causing huge economic impacts, the board just couldn’t say no to VIVO and cancel the contract.

Rs 170 crore other sponsorship deals:

The league has many other sponsorship deals, including that from fantasy sports platform Dream11, PayTM, CEAT, etc. In total, the BCCI earns about Rs 170 crore from these sponsors.

What does BCCI do with this money?

Other than paying the salaries of Indian cricketers, a fair share of this money goes to the domestic cricket in India. The money from the T20 league helps the board organise over 2000 domestic matches every year.

(This story has not been edited by Fact Checker India staff and is auto-generated from a syndicated feed.)


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