BCCI makes Rs 1.9 billion profit

MUMBAI: Cricket?s richest body, the BCCI, has made a net profit of Rs 1.9 billion in 2010-11, a 200 per cent increase in its surplus over the previous fiscal.

The net surplus amounted to an increase of over Rs 1.26 billion from 2009-10, including Rs 1.18 billion from the Indian Premier League (IPL).

The BCCI expects a surplus of a little over Rs 2.96 billion for the current fiscal, according to the board?s annual report.

The gross income in 2010-11, amounting to Rs 20.26 billion, has come from media rights (Rs 10.47 billion), sponsorships (Rs 4.34 billion), IPL franchise consideration (Rs 2.89 billion), receipts from International Cricket Council/Asian Cricket Council (Rs 1.05 billion), interest and other incomes (Rs 736.8 million and Rs 766.3 million).

Gross expenditure incurred by BCCI amounted to Rs 18.37 billion. The expenses included payments to franchises (Rs 3.90 billion), TV and infrastructure subsidy to affiliated associations (Rs 2.37 billion and Rs 1.31 billion) and IPL subvention (Rs 2.03 billion).

Hosting of the cricket World Cup won by India cost the BCCI Rs 669.7 million, BCCI said in its annual report.