BCCI should let go of 20% revenue share from IPL franchises' top-line

Franchises are sweating after Vivo's exit. At a 50% share of Rs 220 cr from Vivo's sponsorship, each franchise ends up losing approx. Rs 28 cr this season. Franchises also lose out on gate money - anywhere between Rs 2.5 to 3.5 cr per match, which is around Rs 20 to 28 cr per season. Hence, franchises are demanding that the BCCI do away with the 20% share they receive.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.