BCCI revenues to “skyrocket” 22/01/2010 |
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The Board of Control for Cricket in India (BCCI) will earn record revenues of Rs2,000 crore (about $435m) in the next 12-14 months, boosted by broadcast and sponsorship deals and the Indian Premier League (IPL).
A packed 2010-11 schedule will help reverse two years of revenue declines for the BCCI, reports Indian business newspaper Mint.
An unnamed BCCI official told the paper: “In 2010-11, the board’s income will skyrocket with revenues generated from broadcast, sponsorship and the board fees for the Indian Premier League (IPL) Season 3 that returns to home turf.”
Additional income is expected from the International Cricket Council’s World Cup to be held in March 2011.
The BCCI’s 2009-10 revenue is expected to be similar to that of the previous year, when, for the first time in five years, income declined to Rs725.8 crore from Rs1,000 crore. The board’s annual report for 2009-10 will be released later this year.
The official added: “BCCI’s income dropped in 2008 due to security reasons that forced several big tournaments such as the Champions League, Pakistan’s tour of India and England’s two ODIs [one-day internationals] to be either cancelled or postponed causing a significant loss of over Rs300 crore to BCCI. The board’s income for 2009 will be no different from that of 2008 because IPL was shifted to South Africa [because it clashed with the general election being held in India].”
IPL vice-chairman Niranjan Shah said: “In 2009, the board made Rs800 crore from IPL, but we still ran into losses of around Rs45 crore because it was more expensive to host the tournament in South Africa.”
According to Shah, IPL3 is set to make in excess of Rs800 crore this year, and the league has just announced plans for global expansion with matches taking place in the United States and broadcast live on the internet.
“IPL will also be adding two more teams, which will double the revenues, but it is too early to tell what the amount coming in for the new teams will be,” added Shah.
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