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

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.

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