New Delhi: For the first time in its 84-year existence, the Indian cricket Board, is set to break the Rs 450-crore surplus barrier as it has budgeted a whopping Rs 474.67 crore for 2012-13.
According to its projections, the Board of Control for Cricket in India (BCCI) would earn a total income of Rs 1,567.35 crore and would incur an expenditure of Rs 576.13 crore for the unprecedented surplus, a tribute to its marketing abilities.
Even after distributing Rs 516.56 crore to its affiliated units, the BCCI will still make a cool Rs 1,050.80 crore as income.
This huge income would be possible because of a packed domestic season, during which the team will not tour abroad, except of course for the two visits to Sri Lanka, for the five ODIs and lone T20 International in July-August and the ongoing World T20.
In the previous financial year, BCCI had earned a surplus of Rs 382.36 crore, which was Rs 192.64 crore more than the one garnered in 2010- 11 (Rs 189.72 crore).
However, in 2009-10, the BCCI managed a surplus of only Rs 63.18 crore, and it was largely because the Indian Premier League suffered a deficit of Rs 41.89 crore after the tournament was shifted to South Africa, and Rs 15 crore awarded to a sponsor as compensation.
BCCI’s main source of income is the media rights of the matches that are played at home. And in this season India are scheduled to play most of the international matches at home.
As many as 10 Test matches, eight One-day Internationals and four Twenty20 Internationals will help return a whopping income of Rs 822.94 crore.
This is a huge rise in from the previous year, 2011-12, when the BCCI earned Rs 437.75 crore.
The media rights are currently with the Rupert Murdoch-owned STAR India Limited, which successfully bid Rs 3,851.52 crore for six years, from 2012 to 2018.
STAR will get to telecast a total of 96 Tests, ODIs, and Twenty20 Internationals during this period, and will pay Rs 40.11 crore per international match.
Also, the BCCI has budgeted Rs 171.62 crore from ‘surplus of tours’. The accounts of year’s edition of the IPL, played in April-May, could have been finalised by now and that would be incorporated in the 2012-13 balance sheet. The BCCI had budgeted Rs 160.96 crore from the IPL. And despite the Champions League T20 not being as popular as the IPL, this tournament too fetches good income.
This year’s Champions League T20, to be played from October 9-28 in South Africa, is estimated to earn a surplus of Rs 46 crore, despite the huge expenditure involved.
The main expenditure in 2012-13 would be on 16 domestic tournaments, with a total of Rs 70.16 crore scheduled to spent on them.
The BCCI would distribute a total of Rs 75 crore as infrastructure subsidy amongst the associations and another Rs 85 crore as their share from the gross revenue.
BCCI targets Rs 474 cr surplus in 2012-13
Even after distributing Rs 516.56 crore to its affiliated units, the BCCI will still make a cool Rs 1,050.80 crore as income.By Qaiser Mohammad Ali | Mail Today – Mon 1 Oct, 2012 10:39 AM IST
Get stories like this on the Yahoo app and discover more every day.
Download it now.
Download it now.
- vs. NZIND4th ODIWed, Oct 26, 2016Wed, Oct 26, 2016Ranchi, IndiaNew Zealand in India ODI S...
- vs. ENGBAN2nd TestFri, Oct 28, 2016Fri, Oct 28, 2016Mirpur, BangladeshEngland in Bangladesh Test...
- vs. SLZIM1st TestSat, Oct 29, 2016Sat, Oct 29, 2016Harare, ZimbabweSri Lanka in Zimbabwe Test...