The Board of Control for Cricket in India (BCCI) has reported a net profit of Rs 382.36 crore for the year 2011-12, up 101.53% from Rs 189.72 crore profit in 2010-11, reports India Today. Note that we were unable to find BCCI’s annual report for 2011-12 on its official website.
While BCCI reported a minor dip in gross income from Rs 868.03 crore in 2010-11 to Rs 849.44 crore for the year 2011-12, its expenditure decreased significantly from Rs 678.31 crore in 2010-11 to to Rs 467.08 crore in 2011-12. The organization had previously projected a profit of Rs 296.31 crore and gross income of Rs 1043.11 crore for the year 2011-12.
Income from Media Rights: The report states that media rights continued to the highest source of income for BCCI and the organization earned Rs 437.75 crore through media rights in 2011-12. In comparison, the BCCI had earned Rs 388.56 crore from media rights in 2010-11.
BCCI-Star India Deal: In April this year, Star India had won the broadcast, Internet and mobile rights for all 96 Indian cricket matches across the period 2012-18, for Rs 3851 crore, after the BCCI prematurely terminated its four-year contract with Nimbus in December 2011. These matches included all International one-day and test matches, and domestic tournaments held in India.
Income from Indian Premier League (IPL): The report states that BCCI had earned Rs 265.14 crore from the fourth edition of IPL in 2011-12, up from Rs 118.76 crore in 2010-11. Its worth noting that the fifth edition of IPL concluded on May 2012, hence the income generated from that edition will be reflected in next year’s report, as indicated by the report. Last year, A Times Internet Limited* led consortium had won the global IPL Internet, Mobile, Radio and Television (for certain territories) rights for a total rights fee of Rs. 261.6 crore rupees for a four year period 2011-14.
Besides this, BCCI received Rs 62.65 crore from International Cricket Council (ICC), as part of the annual surplus offered by ICC to its member countries. Note that this surplus includes the tournament hosting fees for the 2011 World cup and the prize money for winning the world cup. The organization also received Rs 73.68 crore as interest from Banks.
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*Disclosure: Times Internet Limited (Indiatimes) is an advertiser of Medianama