Perfect Gym Solutions is a software as a service (SaaS) solution purpose-built to service the fitness industry, with over 1000 clients servicing over 2 million gym members across 40 countries making…read more
Coronavirus shutdown set to see cancellation of 2020 Indian Premier League
With India currently on a 21-day lockdown to reduce the impact of the Coronavirus outbreak, the future of the 13th season of the Indian Premier League (IPL), the nation’s biggest sporting event, hangs in the balance.
Based on advice from the Indian Government, the Board of Control for Cricket in India (BCCI) suspended the start of the tournament, which was originally set to be played from 29th March to 24th May.
With the rescheduled competition due to start on 15th April and run through to 4th June, tougher measures by the Indian Government, currently appear to make these dates unlikely, with sources suggesting a cancellation of cricket’s most lucrative franchise league is likely.
While the BCCI has not yet announced officially that IPL has been cancelled, BCCI President, Saurav Gangully has suggested that the ICC Twenty20 World Cup - due to be held in Australia from 18th October to 15th November - could be cancelled to allow the IPL to be rescheduled to the months of October and November.
However, Cricket Australia, which will be hosting the ICC Twenty20 World Cup for the first time is unlikely to agree to such a move.
In turn, the BCCI and the IPL’s various stakeholders - including broadcasting companies, sponsors, hotels, State Cricket Boards and other industries - will be reluctant to lose the enormous revenues that they generate from the IPL.
Losses resulting from a cancellation of the IPL have been estimated as being as high as 3869.4 crore Rupees (US$512.7 million) to the BCCI including 3269.4 crore Rupees (US$433.2 million) of broadcast and streaming revenue and 600 crore rupees (US$79.5 million) of central sponsorship.
Image: Vivo is the title sponsor of the IPL.
19th February 2020 - Home of India’s former F1 race closed over debts
15th November 2019 - Pakistan to again host Test cricket after 10 year gap
8th January 2019 - Development advances on world’s largest cricket stadium
14th December 2016 - World’s biggest cricket stadium to be built in Western India
26th July 2015 - Indian Premier League brand value dips following team bans
17th July 2015 - Top Indian Premier League teams banned in corruption scandal
11th February 2015 - Australia and New Zealand confirmed as hosts for 2020 World Twenty20
4th February 2013 - Himalayan stadium reaches new heights
27th November 2012 - BCCI doubles value of Indian Premier League sponsorship with Pepsi deal
9th April 2010 - NSW Government shells out for Twenty20 cricket
24th February 2010 - Indian Premier League will not move
30th January 2009 - DLF commits to Indian Premier League
20th February 2008 - Indian Premier League Franchises Announced
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