In the red, IPL teams likely to play abroad
NEW DELHI: India’s cricket board has devised a plan to keep afloat bleeding IPL franchises that are struggling to break even despite nine seasons of the glitzy cricket tournament generating millions of viewers and transforming the shortest format of the game.
The BCCI has amended its bylaws and is likely to allow Indian Premier League teams to travel abroad and play exhibition matches in an attempt to recover costs.
Earlier, all domestic teams or state associations needed permission from the powerful BCCI working committee to travel abroad or for inviting any foreign teams.
But with a tight schedule for Team India this year, it is unlikely that any IPL franchises will get a chance to travel abroad.
Most teams that have been part of the IPL since its inaugural edition in 2008 are in the red.
Three — Mumbai Indians, Delhi Daredevils and Kings XI Punjab — have taken advances against their television rights revenue for 2016 to maintain finances.
But now, IPL teams can try to recover losses through ticket proceeds in untapped cricket viewership territories such as Europe, where large populations of Indian, Pakistani, Sri Lankan and Bangladeshi migrants live.
CONTINUED ON P6