The Bangladesh Cricket Board is confident that it will recover the financial losses incurred during the Covid-19 lockdown.
Unlike many other boards, the BCB for its staff and cricketers, and it is likely to stay that way in the near future as they feel they are better placed compared to other boards.
According to BCB’s finance committee chairman Ismail Haider Mallick, they are expecting to recover the lost money from hosting the next edition of the Bangladesh Premier League along with participation in ICC and ACC events, that are yet to be postponed.
“Fifty percent of our revenue comes from ICC and ACC events and another fifty percent through the domestic tournaments and more precisely through BPL,” Ismail told Cricbuzz on Sunday (April 5). “Due to the global economic shutdown we are expecting to lose some 20 to 25 percent of our yearly revenues which amount to around TK 40 Crores.
“We will be affected if there are no ICC or ACC events and if we fail to host the BPL but as of today that is not the case, so we are expecting to recover the losses through taking part in these events as well hosting the BPL successfully.”
BCB, though, will be squeezed if the ICC and ACC events don’t take place. If the ongoing situation goes on for too long and lasts until October and affects the ICC Twenty20 World Cup in Australia and the Asia Cup in September, BCB’s yearly revenue will be chopped into half.
Ismail, though, is optimistic. “I don’t think that there’s much possibility of losing out on ICC revenue. If the ICC events take place then there is not much possibility of facing huge losses but if those events don’t take place then we will have to evaluate how much we will lose.
“The ICC tournament is at the end of this year while the Asia Cup will be hosted later in September to October. If these tournaments take place then we don’t have anything to worry about,” he said.
Ismail said that they were not expecting huge revenues from the home Test series against the likes of Australia and New Zealand, which were scheduled to visit between June and August but now stand in limbo.
“We would have earned very little from the home series against Australia and New Zealand. The tours to Pakistan and Ireland were postponed, but those boards would have earned revenues, not us.”