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BCCI may lose revenue of more than ₹2,000 crores if the IPL gets cancelled

Keeping the current Coronavirus Outbreak in mind, BCCI and franchises are not sure if the league would happen this year and officials state that there is 'no point thinking' about it unless the scenario is clear.

BCCI may lose revenue of more than ₹2,000 crores if the IPL gets cancelled

With the country fighting against coronavirus, there could be a possibility that IPL 2020 may be cancelled. As per reports, it is being said that BCCI officials are not very optimistic about the league this year and so is the case with franchises. The team owners recently had a teleconference meeting with to further look at the possibilities, and it is learned that the cricket fans may face disappointment this year. 

In a statement released by the Indian Express, a franchise official stated, "Given the present situation, I feel the IPL this year might not happen. That’s what it looks like.”

Owing to this cancellation, the reports state that BCCI may lose revenue of more than ₹2,000 crores and each franchise will face a loss of ₹100 crores or more. Since the franchises cannot get any compensation, it is not an option, and if cancelled, the money would not be distributed, confirmed the official. 

Further, reports also state that since no one has the clarity about the future, regarding the scenario, travel plans, restrictions etc., officials are not able to make decisions and hence the BCCI is currently not planning anything about IPL. Decisions would be taken once things settle down. An official told the newspaper that, “And even if it settles down here but continues in some other country… we are not clear about that also. Japan, the host nation of the Olympics, is talking about a possible postponement. This (the outbreak) is far bigger than any sport or the IPL.”

As per the regular plans, IPL usually starts by the end of April and continues until the first week of June, and since it is a T20 league, it cannot get another window, and officials are unsure of keeping it in September due to Asia Cup. Addressing this, BCCI official stated, “At the moment, you can’t start thinking about anything. This (the problem) has to end and only then you can go back to the drawing board.”

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