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Indian Premier League cash-cow delivers even in COVID times

Bryleoo Townsend by Bryleoo Townsend
November 16, 2020
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Indian Premier League cash-cow delivers even in COVID times
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By: Reuters |

November 16, 2020 9:43:50 pm


IPL’s eight franchises have been ushered right into a bio-secure bubble in August to play 60 matches throughout three venues, all behind closed doorways. (Reuters)

The strong attraction of the Indian Premier League (IPL) was as soon as once more highlighted this yr after the world’s richest Twenty20 league escaped the financial aftermath of the COVID-19 pandemic with just a few minor scratches.

The Indian cricket board’s (BCCI) league, which has an estimated model worth of $6.8 billion, drew report tv and digital viewership and at the least one in every of its franchises even grew its income regardless of the league being first postponed after which shifted to the United Arab Emirates following the coronavirus surge in India.

Cancelling the entire event would have left a $536 million gap within the pocket for the world’s richest cricket board, which not often shares monetary numbers concerning the league.

So the IPL’s eight franchises have been ushered right into a bio-secure bubble in August to play 60 matches throughout three venues, all behind closed doorways.

Mumbai Indians claimed a report fifth IPL title in Tuesday’s closing, nevertheless it was a victory for Model IPL too.

“It’s been an ideal success given the present state of affairs globally,” BCCI treasurer Arun Singh Dhumal informed Reuters.

“All people had their fingers crossed whether or not we’d be capable of pull it off.”

Starved of stay cricket motion for almost 9 months, the world’s second most populous nation sat glued to tv units, lapping up each little bit of motion from the UAE.

Board secretary Jay Shah, quoting TV monitoring company Broadcast Viewers Analysis Council (BARC), mentioned {that a} report 200 million followers had watched the Sept. 19 opener between Mumbai and Chennai Tremendous Kings in Abu Dhabi.

By way of viewership, the IPL even outperformed a few of the pay-per-view matches of the Premier League in Britain.

BARC tweeted earlier than the playoffs that the league had clocked seven billion viewing minutes, up 28% from final yr, after the primary 41 matches.

“With individuals typically staying indoors as a result of pandemic and with lack of different leisure choices attributable to COVID-19, viewership numbers have been staggeringly excessive,” Santosh N, exterior advisor to monetary consultancy agency Duff and Phelps, informed Reuters.

“It confirmed why IPL is such an enormous property not simply in cricket, however in world sports activities basically.”

BCCI’s Dhumal referred to as it the “most profitable IPL ever” by way of viewership and defined what he thought it meant for cricket’s eco-system.

“I’m glad we have been capable of organise it efficiently as a result of when it impacts BCCI income, it impacts the sport, it impacts the gamers, it impacts the state associations and creation of cricket infrastructure,” he mentioned.

📣 The Indian Categorical is now on Telegram. Click on here to join our channel (@indianexpress) and keep up to date with the most recent headlines

For all the most recent Sports News, obtain Indian Express App.



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Bryleoo Townsend

Bryleoo Townsend

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