One of the direct consequences of the coronavirus pandemic is the suspension of sporting events across the globe. Even if parts of Europe and Oceania are slowly welcoming back live sports, the sustained increase in cases in India means the country is nowhere close to hosting live events.
Any other year, JSW Sports, the sports arm of the JSW Group, would have been busy preparing for the Pro Kabaddi League (PKL) after two months of Indian Premier League with Delhi Capitals. This year? There is no clarity with respect to when these events will happen. In an interview to this daily, Mustafa Ghouse, the CEO of JSW Sports, talks about the unprecedented year, the possible loss of revenue, having to shelve expansion plans and the remote possibility of having an IPL. Excerpts:
JSW Sports owns or holds majority stakes in three teams (Delhi Capitals in IPL, Bengaluru FC in ISL and Haryana Steelers in PKL). How has the period been for you?
It’s been a challenging period to be honest. We were in the middle of preparing for the IPL when we went into lockdown. That whole window has passed. Usually, post that is when we begin our kabaddi preparations. We still don’t have clarity over that. Over the last couple of years, we have built a portfolio that keeps us busy 12 months a year. In that aspect, it’s been challenging like in most other sectors.
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June 28, 2020