Mumbai: BCCI may incur Rs 200 crore loss once Indian Premier League (IPL) Twenty20 tournament is shifted to either South Africa or England. The decision follows the inability expressed by various state governments to provide security for the event, which overlaps with the general elections.
The IPL tournament is scheduled for April 10 to May 24 and the general elections from April 16 to May 13.
IPL Commissioner Lalit Modi, however, told the press that the organisation would take care of all the losses and extra expenses. “Because of this one-time exercise, we will not make any money on IPL this year," he said.
“The costs of shifting to another country are prohibitive, but without that there will be no tournament. We are not looking at the losses at the moment," he added.
The eight team franchisees, for instance, stand to lose around Rs 100 crore to Rs 110 crore from in-stadia ticket sales, the revenue of which entirely went to the teams.
IPL will also have to incur an additional Rs 80 crore to Rs 100 crore on travel (for over 150 players), hotels, logistics and the cost of venues in another country.