IPL teams get a breather, can play exhibition games on foreign shores
In order to recover the losses, franchises permitted to hold matches away from India.ipl Updated: Jun 02, 2016 13:08 IST
It is no secret that the IPL franchises are bleeding money. Despite this being the ninth season, the franchises, those have been part of the league since 2008, are still struggling to yield a moderate profit.
Already, three franchises — Mumbai Indians, Delhi Daredevils and Kings XI Punjab — have taken advance against their Net Central Rights (NCR) revenue to maintain their finances.
Now, the BCCI has come up a plan to soften up the blow.
It has amended its by-laws and now the IPL teams can invite teams or travel abroad to play without needing any permission from its powerful working committee.
Previously, the teams were restricted from doing the same.
Interestingly, BCCI made this amendment in its AGM which was held last November. This decision though was made public recently.
Now, IPL teams can play exhibition matches abroad and try to recover their losses through ticket proceeds etc.
Also, the owners are now looking towards untapped territories such as Europe where large populations of Indian, Pakistani, Sri Lankan and Bangladeshi migrants live.
Also, there have been reports that three of the teams, Royal Challengers Bangalore, Rising Pune Supergiants and Mumbai Indians have expressed their desires to hold exhibition matches in the United States.
Last year, two private leagues have had success in US and as well as in the Gulf.
Cricket All Stars League, launched by legends Sachin Tendulkar and Shane Warne, played three matches in front of sizeable crowds at New York, Houston, and Los Angeles.
Masters Champions League, a private Twenty20 tournament for retired cricketers drew good crowds in Dubai.
First Published: Jun 02, 2016 13:05 IST