DESPITE packed houses, several last-ball finishes, and more matches during the 2012 edition of the Indian Premier League (IPL), the lucrative T20 tournament earned Rs 347 crore less than the total incomebudgeted.
The Board of Control for Cricket in India (BCCI) had budgeted a total income of Rs 1,237 crore for the 2012 IPL and earned Rs 890 crore — Rs 347 crore less.
And the net surplus in 2012 was Rs 176 crore.
The audited IPL accounts were presented at an IPL governing council meeting here on Wednesday.
"The IPL earned total revenue of Rs 890 crore and after taking out the expenses worth Rs 714 crore, the total surplus was Rs 176 crore,” a member of the IPL Governing Council told MAIL TODAY . "We also distributed enhanced central revenue to the franchises this season. This time we distributed a total of Rs 478 crore among them. Last year, the corresponding figure was Rs 469 crore.
Besides, Rs 321 crore was distributed amongst the BCCI-affiliated associations this time,” he said.
MAIL TODAY had reported on May 16 that, according to the BCCI budget, the IPL would be earning less revenue in the 2012 edition, played in April-May.
Giving reasons for the lesser total income from the 2012 edition, the official said that one was that close to Rs 100 crore was distributed as onetime benefit among retired Test and firstclass players.
"A large chunk of this money was taken from the IPL account and some from the Champions League T20 account,” he explained.
"The other reason was that Max withdrew mid-estimate way as an associate sponsor. That meant a loss of around Rs 28 crore.
Besides, a few sponsors got their fee reduced considerably citing business problems,” he pointed out.
"We also increased the share of franchises from the central revenue to around Rs 60 crore.” Citing another reason, the official said the ouster of the Kochi franchise after they failed to make payments to the BCCI, which eventually terminated their contract for "irremediable breach of contractual terms”. Later, Deccan Chargers franchise was also terminated.
In this year’s IPL, 76 matches were played, two more than last year. And the stadiums were packed to the brim in many matches, besides several close finishes.
IPL earns Rs 347 cr less than estimate
Net surplus is Rs 176 cr. Teams get Rs 478 cr from central revenue.By Qaiser Mohammad Ali | Mail Today – Thu 13 Dec, 2012 11:32 AM IST
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