On 1st June 2020, Indian Government finally ended the lockdown period, with certain conditions, after five consecutive lockdowns in last couple of months. In ‘Unlock 1.0’ Government of India has decided to resume many suspended services to provide relief to business and sports organisations.
However, the World Economy has been severely hit in past three means, it is going through its worst phase due to the lockdown in World’s most parts. The markets have hit their lowest points and with them has gone down the market values of business organizations.
Sports organisations have incurred ahead losses in these months. India’s most successful sports tournament, the IPL, which was all set to get rolling from 29th March, has also been postponed indefinitely.
With the uncertainty over IPL 2020 still looming large, the brand value of Indian Premier League and its franchises have also gone down. And if the IPL 2020 gets cancelled, Board for Control of Cricket in India (BCCI) is bound to incur heavy losses going into 2020-21 season. BCCI earns a hefty sum of around 4000 Crores through the Brand IPL.
There were also talks about BCCI looking for pay cuts of its centrally contracted players but Arun Dhumal, the BCCI treasurer, has revealed that BCCI is resorting to pay cuts or lay-offs so far, even though BCCI has adopted cost cutting measures.
“The BCCI has done some cost control after the elected office-bearers took charge last October. The process started before the pandemic. But there has been no pay cut or lay-off as of now. We have cut cost on other fronts like travel, hospitality, etc,” said BCCI treasurer Arun Dhumal as quoted by the New Indian Express.
However, Dhumal also stressed the point that pay cuts are still subjected to the hosting of IPL 2020. “IPL not happening will have a huge impact and we will assess the situation before taking a fresh call,” added Dhumal.
Given the recent developments, BCCI is still hopeful of organising the tournament. With all the outdoor activities are allowed in green zone areas, the ‘Unlock 1.0’ will also boost the chances of IPL 2020. Government of India are also looking to resume International flight services by the end of this month.