IPL 2021 cancelled: BCCI, teams may lose more than Rs 3,000 crore

On an average the BCCI earns Rs 67 crore from every match broadcast. It earned Rs 4,000 crore from the IPL in 2020 and was expected to earn a similar amount this time

The Board of Control for Cricket in India (BCCI) on Tuesday finally called off the Indian Premier League (IPL) 2021 indefinitely after players and support staff of various franchises tested positive for Covid. The cancellation of the league, the biggest money spinner for the BCCI, which in turn is the biggest contributor to the finances of IPL teams, could be a big financial setback for both.

According to the BCCI, it earned Rs 4,000 crore from the IPL in 2020, when the tournament was held in the United Arab Emirates (UAE) without crowd attendance. IPL 2021, which was also held in a similar bio bubble and purely on a broadcast platform, was expected to bring in the same amount of money for the BCCI. On an average the BCCI earns Rs 67 crore from every match broadcast.

However, with 31 matches in the 60-match tournament still remaining to be played, the BCCI is staring at a loss of more than half its revenues. This Rs 2,000 crore hit to India’s cricket board could also spell bad news for IPL franchises. That’s because with half the tournament cancelled, the BCCI’s revenue hit may lead to a drastic fall in contributions to the central reserve pool of the IPL. The income received by the BCCI from the IPL is transferred to the central reserve pool, which is then shared equally among the BCCI and IPL franchises. In 2021, the eight IPL franchises were expected to share Rs 2,000 crore in revenues. With half the tournament in jeopardy, the eight teams would have to forgo at least Rs 1,000 crore in earnings from the central reserve pool.

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