By Devadyuti Das | Updated: February 2, 2026 8:26 AM IST
In these collection of pictures, we find out the reason why Mukesh Ambani and his company are set to suffer massive losses ahead of ICC T20 World Cup 2026 which begins on Saturday.
Mukesh Ambani's Jio had bought ICC media rights for $3 billion. JioHotstar and Star Sports, both owned by Mukesh Ambani, are current host broadcasters of ICC events in India.
Shehbaz Sharif's Pakistan Government have told national team to forfeit match vs India in the upcoming T20 World Cup 2026. India vs Pakistan match in T20 World Cup 2026 was scheduled to take place in Colombo on February 15.
Mukesh Ambani and JioHotstar are set to lose Rs 300 crore if India vs Pakistan match in T20 World Cup 2026 doesn't take place, according to a report in NDTV website.
Pakistan team have been allowed to take part in T20 World Cup 2026 but have to told to boycott Group A match vs India.
Mukesh Ambani's JioHotstar have paid Rs 138 crore per match to ICC for T20 World Cup games.
ICC not prepared to 'reconcile' with Pakistan's 'selective participation' in T20 World Cup 2026. "While the ICC awaits official communication from the Pakistan Cricket Board (PCB), this position of selective participation is difficult to reconcile with the fundamental premise of a global sporting event where all qualified teams are expected to compete on equal terms per the event schedule," an ICC statement read.
Pakistan are forfeiting India match in protest against ICC decision to throw out Bangladesh from T20 World Cup 2026 and replace them with Scotland.