BCCI Made Rs 111 Crore Surplus During Last Fiscal

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Mumbai: 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 Treasurer Anirudh 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.

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“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.
PTI

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