MUMBAI: The Indian Premier League( IPL) is bracing up for a loss for sure in the wake of the Covid-19 outbreak.
However a loss of what magnitude? That is to be waited and seen over a period of 30 days from now or probably more, depending upon whether the risk of the virus subsides, whether it’s a full competition or a truncated one or else, a force majeure.
There are three possibilities: A) Things get better by around mid-April and a 60- match competition gets conducted in between a long time then and the first week of June; B) A truncated IPL is held – variety of days and matches get minimized however the tournament gets conducted; C) A ‘force majeure’ comes into result – an unforeseeable occasion preventing the fulfilling of an agreement.
In all three cases – none of which are particular at this minute – a loss will be incurred. To what level? Depends on which of the 3 possibilities play out.
If alternative ‘A’ enters result, the loss will be minimal, mostly affecting sponsor presence, broadcaster’s advertising earnings for absence of adequate prime-time area and gate receipts (relevant to all options due to the fact that crowds will anyways be not likely). The BCCI, franchises,