The Covid-19 pandemic which originated from China has constrained a donning body the world over to defer the related rivalries or matches like IPL, and so forth. It will majorly affect its image valuation if the Indian Premier League (IPL) is dropped for the current year.
The cancelation of this year’s IPL is likely to touch the mark of the Liga hard, as sponsoring income might not rise at the expected pace due to this setback next year, according to a new report from Duff and Phelps.
The outbreak has already caused many sporting activities to be canceled and it remains uncertain even the fate of the Tokyo Olympics.
However, the final IPL decision was taken on a Conference call in March at the IPL franchisee-BCCI (Board of Control of Cricket in India). If thus, what would the IPL be if the League is disbanded, which is likely to look at the actual situation of the spread of the virus?
The loss to the Indian Cricket due to COVID 19
When IPL 13th edition will not see the light of day how much do the cricketers lose?
The gross loss of cricketers worldwide may be over Rs 600 crore, according to experts. And it seems that Indian cricketers are going to suffer major defeats; because 121 Indian cricketers have a combined contract value of around Rs 358.15.
If no matches occur, players won’t receive their salaries because franchisors limit payments to a player’s number of appearances at the tournament. What if the new date for the league starts with the IPL on April 15?
The League is also suffering losses in this situation. The study estimates that the IPL brand value will be reduced to $350 million by 3 percent to 5 percent or $200 million when the league begins later. In this case, the value of the IPL ecosystem will drop from $10 to $15 percent, or about $700 million. The League is also suffering losses in this situation.
The study estimates that the IPL brand value will be reduced to $350 million by 3 percent to 5 percent or $200 million when the league begins later.
Did you know this?
1. The Governing Council of IPL (IPL GC) met with the VIVO IPL 2020 issue on 2 August through a video conference.
2. The IPL GC decided to host the tournament in the United Arab Emirates in 2018; taking note of the current situation of COVID-19.
3. The matches will take place based on government clearances in Dubai, Sharjah, and Abu Dhabi.
4. The IPL 2020 will take place on 19 September and the final on 10 November 2020.
5. The 53-day tournament takes place from 10 p.m. IST and will be played at 7:30 p.m. IST.
6. The Board of Directors has found the comprehensive standard operating procedures, which will be completed as soon as possible.
7. The Women’s T20 Challenge will also happen in the UAE. It involves three teams that will play four matches during the IPL Playoff Week.