The BCCI and the Indian Premier League Governing Council are reluctant to give any compensation to the franchises or any of the other stakeholders ahead of the upcoming edition of the IPL 2020 in UAE which will start from September 19 on wards.
This decision was made, keeping in mind “had there been no IPL this year”, reason being the on going pandemic. If there had been no tournament this year, no earnings would have been made this year. So, the fact of stakeholders getting some revenue against nothing should be plus point.
A particular IPL franchise, in particular had suggested that the BCCI should do away with the 20% share of franchises’ top line revenue that they are obliged to get every year. Whereas other franchises have not been demanding in this case.
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So, the question arises that how much should a particular franchise earn in an average? Broadcaster’s 50% revenue will be shared among the eight franchises, so that turns out to be Rs 200 crore per franchise. Other than Vivo Mobiles, remaining five official partners bring an average of 200 crore per season, that means each franchise might get Rs 12 crore each.
BCCI is still searching for a replacement for Vivo and also looking forward to bring in additional partners on board. Even if it raises around 50% of Vivo’s value this year, it will mean that now a franchise could earn Rs 12-14 crore. That ensures a franchise to earn around Rs 220-230 crore this season.
A report suggests that big names that of Amazon, Byju’s and Dream 11 are already showing interests to replace Vivo for this year.
“ The deal will be closed in a week from now. Let’s hope for the best,” sources say.