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BCCI profit doubles in FY12 as IPL brings in cash

Source : BUSINESS_STANDARD
Last Updated: Thu, Sep 27, 2012 20:00 hrs
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The Board of Control for Cricket in India (BCCI), the richest one in the world, registered a profit of Rs 382 crore for 2011-12, a doubling over the previous year. The surge was predominantly due to the Indian Premier League (IPL).

The not-for-profit cricket body's turnover in 2011-12 was Rs 849 crore, a 46 per cent jump over the Rs 581 crore it reported in 2010-11.

The biggest chunk of revenue has come from the cash cow that is the Indian Premier League (IPL). From IPL 2011, its surplus was Rs 265 crore, a 123 per cent jump over the previous year's IPL surplus of Rs 119 crore. The main reason behind the big rise was the franchisee fee from two new teams, Kochi and Pune, and the total number of matches being increased to 74 from 59 in the earlier editions.

During 2011-12, the income from grant of media rights earned by BCCI (net of production cost and amounts due to state associations) was Rs 118 crore, compared to Rs 102 crore in the year-before period. Next year, the amount will be much higher; earlier this year, STAR India 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. Compared on profit (before tax) ranking, it would have been at 128th rank, between Devi's Lab and Rajesh Export. The daily revenue of BCCI is close to Rs 2.33 crore. Meaning, it earns in a little less than 35 days what Indian cricket 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).

Total expenditure rose to Rs 467 crore during the year, compared to Rs 392 crore in 2010-11. The expenditure on cricketing activities was Rs 338 crore, compared to Rs 254 crore in the previous one. The gross revenue share to players more than doubled to Rs 47.5 crore, up from Rs 21.2 crore the year before.


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