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Venue shift to hurt revenues of IPL franchises
MUMBAI: The Bombay High Court order to shift 13 matches in May out of Maharashtra due to drought will hit the three franchises—Mumbai Indians, Rising Pune Supergiants and Kings XI Punjab.
Speaking to TelevisionPost.com, Kings XI Punjab co-owner Mohit Burman said that ticket revenues would fall by 20–25% due to the venue shift. However, the franchise is not planning to appeal the HC ruling.
“Overall ticket revenues will fall by 20–25%. We are not planning to appeal the ruling… don’t know about the other two teams,” Burman said.
He also admits that sponsors are concerned. “Yes, they are concerned, but we have no choice. We hope to be at the top of the league by then so they will be happy.”
In terms of the other franchises, he noted that Pune have played only two games at home. “So I doubt if they have built a large fan following. However, like us they will suffer in terms of ticket revenue by moving out.”
The court ordered matches played after 30 April to be shifted out of the state. Mumbai was to have hosted the final. However, the BCCI will ask the Bombay High Court for permission to host the match between Pune and Mumbai in Pune on 1 May.
Reports indicate that the Cricket Association of Bengal (CAB) is willing to host the final at the Eden Gardens.