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BCCI FY12: Rs 382.36 Cr Profit; Media Rights & IPL Income

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…

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