Cricket World Cup: Star India counts losses due to rain, may cost insurers millions
Updated : June 19, 2019 07:27 PM IST
Broadcasters, organisers, venues, advertising sponsors and catering establishments are among firms to have missed out after four matches were called off in an exceptionally rainy June.
Star India is likely to have lost at least 1 million pounds ($1.26 million) for each abandoned match, insurance specialists estimate.
The England and Wales Cricket Board (ECB), which gets the revenue from the ticket sales, said it had an insurance policy against matches being called off, but declined to comment further.
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