The Board of Cricket Control of India (BCCI) has made it clear that no compensation will be granted to the IPL franchises on account of any revenue loss for the 13th edition of the Indian Premier League (IPL 2020). Franchises are staring at loses on account of gate revenues & VIVO’s exit as title sponsor. In yesterday’s meeting over the teleconference between the IPL Governing Council (GC) and the 8 franchises, the team representatives had demanded compensation for the loss of revenue. But BCCI has made it clear, that no such demand from the franchise will be entertained.
“Some franchises had raised compensation for the loss of Gate Revenues. We will not entertain these unwarranted demands. Nor will BCCI take any extra cost incurred on account of the IPL getting shifted to UAE. Franchises make huge profits every year, if one year the returns are little low – why to make a big deal out of that? They (franchises) should take that in their stride”, said a BCCI official.
The IPL GC – franchise meeting yesterday evening (30 August) was attended by all top promoters of the teams. The representatives of Delhi Capitals raised the issue of compensation to the IPL teams and the same was patiently heard by the BCCI officials. A source for the Indian website InsideSport, revealed that franchises demands were endless. One other franchise representative wanted BCCI to compensate for value erosion in the wake of VIVO’s exit. Others wanted relaxation of the quarantine rules for the international players coming from the CPL and the England vs Australia one day series.
BCCI, after internal discussion between themselves, decided not to entertain any such representation. On the compensation front, a source told InsideSport that BCCI will not compensate any franchise for any revenue loss on account of IPL 2020.
John Stephenson
john@cricketinvestor.co.uk
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