The Board of Control for Cricket in India (BCCI), the richest cricket board in the world, has registered a profit of Rs 382.36 crore for the year 2011-12, double of what it had posted in the year ago period, predominantly on the back of Indian Premier League.
The not-for-profit cricket body has also seen a turnover of Rs 849.44 crore, a 46.13% jump over Rs 581.29 crore it reported in the year 2010-11.
The biggest chunk of revenue has come from the cash cow – IPL 2011 edition. BCCI has posted a surplus from IPL 2011 of Rs 265.14 crore, a 123.26% jump over the previous year's IPL surplus of Rs 118.76 crore. The main reason behind the whopping increase was the franchisee fee from two new teams –- Kochhi and Pune -– and the total number of matches that were increased to 74 from 59 in earlier editions.
During the fiscal, the income from grant of media rights earned by BCCI (net of production cost and amounts due to state association) was at Rs 118.24 24 crore, compared to Rs 101.82 crore in the year ago period. However, next year, the amount will be much higher as STAR India has acquired the media rights for the next six years.
If BCCI had been a listed company, its rank in terms of turnover would be 711, just below VIP Industries and Future Capital, while when compared in the profit (before tax) ranking, BCCI would have been at 128th rank, between Devi's Lab and Rajesh Export. The per day revenue of BCCI is close to Rs 2.33 crore, or it earns in less than 35 days what Indian captain Mahendra Singh Dhoni makes in a full year with all his endorsements (Rs 70 crore) or in 20 days what Sachin Tendulkar makes in a year (Rs 40 crore).
A look on the expenditures: the total expenditure rose to Rs 467.08 crore during the year, compared to Rs 391.56 crore in the previous fiscal. The expenditure on cricketing activities was Rs 338.38 crore, compared to Rs 253.62 crore in the previous fiscal. Th gross revenue share to players was more than doubled in the fiscal to Rs 47.49 crore, up from Rs 21.22 crore in the year ago period.
