19 September, 2020

OPINION | Corona Pandemic Has Made IPL Vulnerable Like Any Other Asset, It's Time To Make Right Moves

Lives matter more than holding a T20 tournament. IPL has to wait for the Covid-19 pandemic to flatten even if it means huge financial losses, write financial analysts Santosh N and Harsh Talikoti

OPINION | Corona Pandemic Has Made IPL Vulnerable Like Any Other Asset, It's Time To Make Right Moves
outlookindia.com
2020-05-10T12:49:40+05:30

In any crisis, sport is always considered a uniting factor. Something that helps take your mind off the worrying rea­lity. As Nelson Mandela said, “Sport has the power to change the world. It has the power to inspire. It has the power to unite people in a way that little else does. Sport can create hope where there was only despair.” Unfortunately, the current pandemic has shackled this powerful tool. As the world continues to reel under the coronavirus crisis, economists are debating whether the fallout of COVID-19 will be bigger than the 2008 financial crisis or the Great Depression of the 1930s, or something far worse. Never has the world gone into a lockdown where nearly 75 per cent of the population is indoors. The economic and financial ramifications of the shutdown of global sports leagues are equally bad as livelihoods of millions directly or indirectly depend on these sporting leagues.

All major sporting leagues or events are either suspended indefinitely or postponed. Olympics 2020 and UEFA EURO 2020, the two major sporting events this calendar...

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