BCCI made Rs 111 crore
surplus during last fiscal :
Richest cricket
board becomes
richer
The BCCI made a surplus of Rs 111.83 crore in the last fiscal, a dip of over Rs
55 crore as compared to the previous one, said its TreasurerAnirudh Chaudhry.“In
the year under consideration, the surplus of income over expenditure was Rs
111.83 crore as against Rs 166.87 crore in the earlier year,” stated Chaudhry in
his annual report for 2015-16.
“The drop in surplus was mainly due to distribution of additional amount due to
associations, additional payments to players and absence of income from
Champions League T20 Tournament (that has been scrapped) and in spite of
increase in total income as compared to previous year,” he stated. In the
current fiscal (2016-17), the budgeted surplus was estimated at Rs 509.13 crore,
according to the BCCI treasurer.
He has also cited that the expenses on cricketing operations (excluding
Champions League T20) had increased from Rs 311.21 crore to Rs 370.04 crore and
the provision for gross revenue share payable to the players had gone up from Rs
10.47 crore to Rs 56.35 crore due to corresponding increase in gross revenue
income.
The annual gross receipts at the end of the previous fiscal from men’s senior
international tours/tournaments had increased to Rs 149.44 crore as against Rs
120.78 crore in the previous year due to increase in international fixtures on
Indian soil during 2015-16. Gross media rights and franchisee consideration
receipts from IPL 2015 were Rs 1069.75 crore as against Rs 999.6 crore last year
and Chaudhry attributed the increase to the increase in media rights income.
The Cricket Board received a compensation of Rs 1607.58 crore (net of payment
made to foreign boards) on account of termination of rights agreement following
the discontinuation of CLT20.
Gross media rights income from BCCI’s international fixtures had also gone up
from Rs 388.80 crore last year to Rs 648 crore, due to increase in number of
matches held in India, according to Chaudhry.
Receipts from International Cricket Council/Asian Cricket Council’s share of
distribution/participation fees were pegged at Rs 163.11 crore as against Rs
54.15 crore in the previous year. This increased income is mainly due to receipt
of funds for the ICC World
Cup 2015 held in Australia and New Zealand, according to the report. The
interest income on bank deposits held by BCCI also saw an upward trend from Rs
85.94 crore to Rs 175.48 crore during the year. “The receipts in the financial
year are substantially high due to the receipt from CLT rights holders towards
compensation for termination of the CLT-20 Tournament,” Chaudhry stated.
“Further, on account of efficiency of operations and better interest rates
negotiated by the office, the interest yields were the best in spite of the fall
of interest rates and being conscious of the necessity of keeping the risk
element to the lowest,” he added.
The BCCI has also increased infrastructure subsidy to its affiliated units from
Rs 50 crore to Rs 60 crore, he stated. |