CSI Lost 90 Crores for T20 Match
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The Indian Premier League (IPL) is undoubtedly the most awaited cricketing event annually. It is not surprising to know that IPL gathers more TRP than the prestigious ICC World Cup event. The ‘rich’ cricket league features teams as franchises, which are represented by Indian domestic players, Indian National players and international players. The IPL started in 2008 has already completed 10 years and is racing ahead.
Trying to replicate the same model, many test cricketing nations started hosting their own Cricket leagues. Few of them have been marginally successful. None of these leagues is even close to IPL in terms of the fanfare, crowd turnouts, sponsorship rights and money involved.
Even the South African cricket board, Cricket South Africa (CSA) planned a T20 cricket league called ‘T20 Global League’. The board wanted to host the inaugural T20 tournament starting from 3rd November 2017 to 16th December 2017. Given the financial constraints, a low bid by the broadcaster and title sponsor, CSA has forced to call-off the T20 league for this year.
If CSA hosts the T20 Global League in 2017, it could result in a loss close to Rs. 160 crores. Realizing this, the board took the decision to call off the tournament for this year. A loss of Rs. 90 crores has incurred to the board, as it has already paid the players, and for arrangements of the league.