On Tuesday, the Board of Control for Cricket in India (BCCI) postponed the Indian Premier League for an indefinite period.
BCCI informed that they would be suffering a loss of over ₹2000 crores due to the postponement of the cash-rich league.
BCCI announced on Tuesday.
"We would be losing anything between Rs 2000 to Rs 2500 crore for the midway postponement of this season. I would say something in the range of Rs 2200 crore will be closer to accurate estimation," a senior BCCI official said.
The second wave of the COVID-19 pandemic has caused turmoil within the country.
Even the members of franchises like Delhi Capitals, Chennai Super Kings, and Sunrisers Hyderabad tested positive for COVID-19.
Due to the fear of COVID-19 infection among players, the governing cricket body for India decided to postpone the tournament.