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BCCI Believes They Can Still Earn 200 Crore: Report 

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|| Desk Report ||


While the 13th edition of Indian Premier League (IPL) is all set to take place in the UAE from September 19, the BCCI and IPL GC are not keen to give any kind of compensation to either the franchises or the stakeholders before the cash-rich league, according to a report in the Times of India.


The board states, “had there been no IPL this year, there would’ve been no earnings whatsoever. So, the fact that the IPL will be held this season assures the league’s stakeholders some revenue as against no revenue at all”.



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The report further suggested that one of the franchise had suggested that “the BCCI should do away with the 20% share of franchises' top-line revenue that they are contractually obliged to receive every season”


“That 20% — from all eight franchises’ top-line — goes to the members of the BCCI and is part of the revenue corpus that state associations depend on. Every year, the association hosting an IPL match receives Rs 50 lakh from the franchise and Rs 50 lakh from the BCCI as hosting fee — totaling to Rs 8 crore per venue and Rs 64 crore across all franchises per season. Since this year’s edition is shifting to UAE, that revenue is already out of the window, so the 20% will stay,” says some of BCCI’s perspective.


Meanwhile, TOI has spoken to 13 state associations and everyone agreed with the thought. So, it will be a matter of concern that how much do the franchises earn from this year’s IPL? With 50% of broadcaster’s revenue -- Rs 200 crore per franchise, official sponsors apart from Vivo, who bring an approximate Rs 200 crore every season, which means each franchise will earn 12 crores.



“Add the local revenues like jersey sponsorship and other partners to that and the franchises are going to earn in excess of Rs 250 crore. Deduct the player fees and operating costs, franchisees will still earn in excess of Rs 100 crore in the middle of a pandemic. Now, how’s that compared to no IPL this season?” say those who are tracking developments.



 



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