EPL and IPL brace for massive financial hit

Premier League clubs face having to pay a huge refund to broadcasters even if they manage to complete the coronavirus-disrupted season behind closed doors. Broadcasters would be reimbursed for matches not being played as scheduled and the lack of atmosphere in empty stadiums is also a factor.

The reported the bill facing the English top-flight, which continued talks on

“Project Restart” on

Monday, could be as high as £340 million ($420 million).

“We were able to update our clubs today on our situation with broadcasters, which is obviously confidential,” said Premier League CEO Richard Masters. “Whatever happens, there’s going to be significant loss of revenue for clubs. That is inevitable.

The rebate to broadcasters would surge to an estimated £760 million if the season cannot be completed. Masters has previously warned of a £1 billion loss once the absence of gate receipts is taken into account.

For the first time on Monday, the 20 Premier League clubs discussed models that may have to be used to decide final standings if it is not deemed safe to resume.

Richard Masters

Scrapping the money-spinning Indian Premier League this year because of the coronavirus pandemic would cost more than half a billion dollars, but cutting players’ pay was not yet being considered, a top official has said.

The world’s richest Twenty20 tournament is staring at a first wipeout in its 12-year history after the original March 29 start date was postponed repeatedly.

Cancellation of the IPL for 2020 would mean a huge financial hit.

“The BCCI is looking at a big revenue loss. In case the IPL does not take place, the loss would be close to 40 billion rupees ($530 million), or even more,” said Board of Control for Cricket in India treasurer Arun Dhumal.

“We will only be able to figure out the exact revenue loss once we are sure of how many games we have lost,” said Dhumal.

The IPL brand value was estimated at $6.7 billion last year by the Duff and Phelps financial consultancy.

Indian broadcaster paid more than $220 million for five years of TV rights up to 2022. —

Whatever happens, there’s going to be significant loss of revenue for clubs. That is inevitable

We will only be able to figure out the exact revenue loss once we are sure of how many games we have lost

Arun Dhumal

— AFP MAJOR CONCERN: The English Premier League could lose $420 million if the season is cancelled. The BCCI, on the other hand, will lose $530 million if the IPL does not take place.