India’s cricket administrator has almost tripled its net profit, thanks to a more-than-usual busy calendar of the sport that is virtually a religion in the country.
Board of Control for Cricket in India (BCCI) recorded a net surplus of Rs 189.72 crore in 2010-11 against Rs 63.18 crore in the previous financial year, according to the annual report.
Compared to 2009-10, IPL-3 made a profit of Rs 118.62 crore with an income of Rs 973 crore.
According to a BCCI official, if the board ran into losses of around Rs 45 crore during 2009-10 despite having made Rs 800 crore from IPL that year, it was because of the high expense the BCCI incurred during the tournament in South Africa.
In addition, BCCI got Rs 48.29 crore from the Champions League, a world championship for domestic Twenty20 club champions that kicked off in 2009, under a sharing ratio agreed by the organising cricket bodies of India, Australia and South Africa.
“In 2010-11,” said a BCCI official, “the board earned a record Rs 2026 crore due to revenues generated from broadcast, sponsorship and the board fees for IPL Season 3. That year, it had returned to the home turf. Plus, the additional income from the ICC World Cup.”
The media rights fetched the board Rs 1,047 crore , sponsorships contributed Rs 434.77 crore, income from IPL franchise fees Rs 289.44 crore, receipts from International Cricket Council and Asian Cricket Council amounted to Rs 104.80 crore.
The major expenditure included payments to franchises (Rs 390.34 crore), TV and infrastructure subsidy to affiliated associations (Rs 237.57 and Rs 130.97 crore) and IPL subvention (Rs 202.61 crore), the report added.
