Here are my reasons:
1. Causes rift in indian team, e.g. sreesant vs bhajji
2. Government offices and banks now close even early so they can watch matches
3. Domestic fights. Now women going to fight to watch tv serial and man fight to watch match. Result - they have to buy another tv, at the end viewer losing money.
4. No strategy in IPL. If a player has a good day then he can score 100, it doesn't mean he's great. e.g. the media and cricinfo have made McCullum into so kind of hercules, just because he played one electryfying inning.
5. Kid's are not going to study anymore because of matches, end result lower scores in exams.
6. No planning and strategy during match, this is what made ODI interesting.
7. Players that were banned are now playing. e.g. Akhtar and Asif. Akhtar said he will never play for anyone beside his country, now he got kicked out and is playing in future.
There are many other reasons but these are just a few to name.
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