Is Jalandhar sports industry on verge of bankruptcy?

Domestic cricket tournaments are postponed, Indian Premiere League suspended and there are no summer camps of cricket anywhere in Punjab. All this is happening due to Coronavirus and the ongoing lockdown. The sports industry is unable to sell its products. 
In this report, we show how Jalandhar's sports industry is headed towards losses amid lockdown and COVID-19 outbreak. Is it on the verge of bankruptcy? Yes. Take a look