The exit of Vivo as the Indian Premier League title sponsor for this season can deal a blow of up to ₹ 200 crores to the Board of Control for Cricket in India.
However, BCCI president Sourav Ganguly has ruled out that the development could be a financial crisis for the board. The former India captain rather dismissed it as a “blip”, which can be easily handled.
“BCCI is a strong foundation. The game, the administrators in the past have made it so strong that the BCCI is able to handle all these blips,” said Ganguly in an obvious reference to the Vivo deal and other feared monetary deficits in due to the COVID-19 pandemic impact.
The BCCI president was speaking at a webinar organised by textbook publishers S. Chand on Saturday.
Chinese mobile handset manufacturer Vivo has swapped the ₹440 crores sponsorship commitment for this year with the 2023 season. Ganguly didn’t see it as a crisis.
“I would not call it a financial crisis. It’s a little bit of a blip and the only way you can do (overcome) that is by being professionally strong over a period of time. Big things don’t come overnight, big things don’t go away overnight. Preparation for a long period of time gets you ready for losses, and success,” the Sportstar has quoted Ganguly saying as the webinar.
“BCCI is a strong foundation. The game, the administrators in the past have made it so strong that the BCCI is able to handle all these blips,” he said.
Ganguly further added that the cricket world can draw inspiration from the resumption of international cricket in England.
“If you look at England, there is county cricket going on everywhere. There’s football happening; they just finished the Premier League. That gives you confidence that if they can go around the country and get cricket done if we have the right medical staff and the teams are spread out in various venues and we do it clinically and professionally, I am sure we can get past this. There is no guarantee of anything. You have to believe in yourself,” he said.