Corporates all over the world have been feeling the pinch because of the CO- VID-19 outbreak. Sports federations are no exceptions — with live sport coming to a standstill, broadcast revenue has been severely hit.
While Cricket Australia (CA) is in financial trouble, the Board of Control for Cricket in India (BCCI) — the richest cricket body in the world — is unlikely to be affected in the near future, even if it is forced to cancel the Indian Premier League’s 2020 edition.
Insiders attribute the CA’s difficulties — staff salaries have been cut by 80% — to “careless planning” since it has invested heavily in the equity market. On the other hand, the BCCI — being a registered society — has played it safe, resulting in financial security.
This story is from the April 26, 2020 edition of The Hindu.
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This story is from the April 26, 2020 edition of The Hindu.
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