BCCI's income crosses Rs 1000 crores

Published: Friday, September 26, 2008, 16:18 [IST]
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New Delhi: Believe it or not , the BCCI'Indian rupeess income went past Rs 1000 crore in a year 2007-08 for the first time in its 79-year history. To be precise, the board took in Rs 1000.41 crore,a whopping 46% increase from 2006-07 when their earnings were 651.81 crore.

This figures will definitely increase the BCCI's status as the International Cricket Council's richest and most powerful board member.

Cricket 'gods' in India who are already some of the highest-paid sportsmen in the worlda handome pay rise in the next year.

While the bulk of this increase has come in the form of media rights — 559.31 crore, there have been significant increases from other sources as well. Take for example the investments the BCCI made and the interest income generated from the same. The BCCI now has Rs 1195 crore in fixed deposits, and earned Rs 76.15 crore in interest in 2007-08, an increase of more than 50% from Rs 50.31 crore in the previous year. The surplus generated from tours is up to 226.73 crore from an earlier 214.66 crore.

The BCCI spends 26% of its top line on the payment of player wages, both domestic and international. Of this, 13% goes to the payment of wages of international cricketers. A total of Rs 66 crore will be paid out to those who play for the senior national team, up from Rs 43 crore.

The BCCI's financiall health will improve even further next year as it recently sold the television rights for the newly launched Champions League for a massive $1 billion.


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