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Mysore: TKR finances will take a hit

“It’s on­ly fit­ting that a crick­et-lov­ing coun­try like Trin­ba­go will wit­ness the very first T20 (Twen­ty20) tour­na­ment in the world since the on­set of the pan­dem­ic.”

Asked how the fran­chise views the fact that there will be no spec­ta­tors al­lowed in­to the ground, Mysore said: “Need­less to say, with­out crowds in the sta­di­ums the rev­enues take a big hit. In ad­di­tion, busi­ness­es have suf­fered and that will re­flect in low­er spon­sor­ship rev­enue as well. Go­ing in, we re­alised that TKR will in­cur sig­nif­i­cant loss­es but there is a strong de­sire for us to see crick­et take cen­tre stage again in Trin­ba­go

Trin­ba­go Knight Rid­ers (TKR) boss Venky Mysore says that the fran­chise will take a bit of a fi­nan­cial hit for this year’s Caribbean Pre­mier League (CPL) be­cause of the fact that there will be no spec­ta­tors al­lowed at match­es and the eco­nom­ic down­turn due to the COVID-19 pan­dem­ic.

Jose Maria

The chief ex­ec­u­tive of­fi­cer of Red Chill­ies En­ter­tain­ment, the own­ers of the fran­chise, said: “We are re­al­ly ex­cit­ed that Trinidad is host­ing CPL 2020 in its en­tire­ty. The TKR fans are in for a treat and we look for­ward to the whole­heart­ed sup­port TKR al­ways gets from the fans of Trin­ba­go.

“It’s on­ly fit­ting that a crick­et-lov­ing coun­try like Trin­ba­go will wit­ness the very first T20 (Twen­ty20) tour­na­ment in the world since the on­set of the pan­dem­ic.”

Asked how the fran­chise views the fact that there will be no spec­ta­tors al­lowed in­to the ground, Mysore said: “Need­less to say, with­out crowds in the sta­di­ums the rev­enues take a big hit. In ad­di­tion, busi­ness­es have suf­fered and that will re­flect in low­er spon­sor­ship rev­enue as well. Go­ing in, we re­alised that TKR will in­cur sig­nif­i­cant loss­es but there is a strong de­sire for us to see crick­et take cen­tre stage again in Trin­ba­go.

“Our play­ers have al­so tak­en cuts in their fees to make this sea­son hap­pen. So the col­lec­tive ob­jec­tive was to find ways of stag­ing the tour­na­ment de­spite fi­nan­cial loss­es.

The eas­i­est thing would have been to say, let’s skip this year and restart in 2021 but we are de­light­ed that all stake­hold­ers have stepped up to make it hap­pen. I am con­fi­dent that the huge fan base of TKR across the world will en­joy crick­et again.”

On Thurs­day, Min­is­ter of Sport Sham­fa Cud­joe an­nounced that the gov­ern­ment of T&T has giv­en ap­proval for CPL to stage the en­tire tour­na­ment in this coun­try. She said that agree­ment has been reached where they will host the tour­na­ment to the tune of US$1M which will be bro­ken down in­to US$500 in cash and US$500 in kind.

She was quick to add that all COVID-19 pro­to­cols will be ob­served and hence there are to be no spec­ta­tors at the venue. The play­ers will be test­ed on ar­rival and will then go in­to self-quar­an­tine at the Hilton Ho­tel. Af­ter sev­en days, they will be test­ed again and once they test neg­a­tive, they will be put in­to small groups to train for the tour­na­ment that is card­ed to get off from Au­gust 18 to Sep­tem­ber 12. Af­ter 14 days, they will re­ceive their fi­nal test and once all is well, they can then join the rest of their re­spec­tive team to train for the start of the tour­na­ment.

The Hilton Ho­tel will have no oth­er guests while the CPL is here. Some 251 guests will ar­rive at the Hilton and will stay there for 41 days.

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jose