IPL 2020 cancellation set to make BCCI lose ₹2000 crore in revenues: Report

coronavirus outbreak has massively impacted lives of people across globe. It has brought world to an unprecedented, perhaps war-like standstill that has affected global share markets as well. All major sporting competitions have come to a halt, which is why sporting organizations, leagues and teams alike, have suffered huge losses. It has also resulted in getting IPL postponed.

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IPL 2020: BCCI embrace for ₹2,000 crore losses after India lockdown gets IPL postponed

IPL 2020, which was set to begin from March 29, was postponed to April 15 due to coronavirus outbreak. situation in country doesn't look promising which is why it looks like IPL 2020 will be cancelled in all likelihood. If IPL 2020 gets called off, BCCI is set to suffer ermous losses.

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An anymous BCCI official, while talking to Mumbai Mirror, said that board is looking at a loss of ₹2,000 crore if cash-rich league is cancelled. This, in turn, will affect salaries of players. According to payment and revenue structure of BCCI, 26% of its income goes to players. international players get 13% while rest is distributed among domestic players and junior players. official furr said that if organisation takes a financial hit, salaries of employees get affected as well.

India’s contracts system is graded into four categories. first category is A-plus which consists of  highest-earning players with likes of Virat Kohli, Rohit Sharma and Jasprit Bumrah, who earn ₹7 crore per year each. Next is category A, featuring Ravichandran Ashwin, Mohammed Shami, Cheteshwar Pujara, KL Rahul and Ajinkya Rahane, all who earn ₹5 crore.

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Category B, with an income of ₹3 crore, features likes of Hardik Pandya, Mayank Agarwal among ors, while last category C with an annual salary of ₹1 crore, has likes of Shreyas Iyer and Hanuma Vihari. MS Dhoni is t a part of contracts system after he was dropped from list for new season.  BCCI official furr said that in case of revenue losses for BCCI due to IPL 2020, international players’ income will exceed ir entitled share in board income..

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IM COURTESY: INDIAN PREMIER LEAGUE INSTAGRAM