IPL Suspended Indefinitely by BCCI

07 May 2021 Current Affairs:Due to COVID-19, the Cricket Control Board has suspended the Indian Premier League (IPL) indefinitely. The decision was made after Balaji tested positive for COVID-19. Balaji is the bowling coach of CSK. So far, 29 games have been played. The T20 World Cup will be moved to UAE from India. This is mainly because if it is held in India, due to the country’s third wave, no participant will be happy to come to India.

Highlights:
♦ BCCI is the governing body of Indian cricket. Grant Govan was the first president. The total annual revenue of BCCI in 2020 is 535 million U.S. dollars. These include US$345 million from IPL, US$139 million from bilateral cricket with other countries, and US$405 million from India’s ICC revenue share.
♦ In 2021, BCCI becomes the richest cricket committee in the world. After BCCI began to sell the media rights of the Indian team’s ODI, bilateral testing and T20 competitions in India, BCCI’s revenue has doubled.
♦ For each international home game, Star Network paid Rs 4,320 crore. In 2018-19, there were 22 test matches, 5 T20 and 10 ODI. A total increase of 950.40 crore rupees. Another major source of BCCI’s income is sponsors of the national team.
♦ In 2014, a new contribution-based income distribution method was adopted. The BCCI and the England & Wales Cricket Committee have adopted this system. However, the system was dismantled by the ICC (International Cricket Committee), which ultimately reduced BCCI’s revenue.