T20 World Cup: BCCI eyes whopping $12m Diwali bonus – The Indian cricket board is all set to earn a whopping $12 million in profit for hosting the T20 World Cup in Oman and UAE. The BCCI are hosts for the upcoming mega event over the next 50 days after the tournament was shifted to the gulf nations due to the Covid-19. Despite the change in venue, BCCI are set to rake in a whopping $12m in profit, despite a $7m payment to the Emirates Cricket Board (ECB).
T20 World Cup: BCCI eyes Diwali bonus, set to rake in whopping $12m in profit despite $7m payment to UAE board
As per a report by Cricbuzz, BCCI estimate to bag $12m in profits and informed their Apex Council members of the same recently. The report states that of the $7million payment to the Emirates Cricket Board, $5.5 million counts for operational costs, while $400,00 is for the six games held in Muscat. An additional $1.5 million is for hosting the T20 World Cup 2021.
The Sourav Ganguly led board expects a good turnout for the event despite the COVID-19 pandemic, and have given up ticketing rights to UAE and Oman. While BCCI will be posting a $12m surplus, the entire cost of the event is $25 million less than next year’s Twenty20 World Cup in Australia.
T20 World Cup: BCCI eyes Diwali bonus, set to rake in whopping $12m in profit despite $7m payment to UAE board
- BCCI is set to pay $7 million to Emirates Cricket Board as part of hosting and operational costs for the T20 World Cup. The costs are to be covered by ICC.
- All deliverables for the tournament will be provided by the ECB as per ICC guidelines.
- ECB hold the ticketing rights for the T20 World Cup, and all revenues generated will be retained by them.
- BCCI is also paying an operating cost of a fixed fee of USD 400,000 for the six games in Muscat.
- BCCI have set up Local Organising committees in both UAE and Oman during the 50-day event, which mainly include staff from BCCI.
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As quoted by Cricbuzz, “The BCCI discussed the hosting issues with the ICC and had several rounds of deliberations internally. After much thought, it was decided that the safety of players and other stakeholders is of paramount importance and keeping that in mind, it was best to shift the event to the United Arab Emirates and Oman,” the secretary Jay Shah wrote in the email.
