BCCI net income doubles in FY12

MUMBAI: The Board of Control for Cricket in India?s (BCCI) net surplus for the financial year 2011-12 has doubled to Rs 3.82 billion from Rs 1.89 billion in the previous fiscal, exceeding the cricket board?s own projection of Rs 2.96 billion.

The BCCI?s gross income for the fiscal jumped 46 per cent to Rs 8.49 billion from Rs 5.81 billion in the trailing fiscal on the back of an impressive jump in media rights income which increased to Rs 4.38 billion from Rs 3.88 billion.

The cricket board earned media rights income primarily from three of its properties -- Indian Premier League (IPL), Champions League T20 (CL T20), and international matches played in India.

While the IPL broadcast rights are held by Multi Screen Media for South Asia, Times Internet and Nimbus consortium holds the global telecast rights minus South Asia, Australia and South Africa in addition to new media rights.

The CL T20 commercial rights are held by ESPN Stars Sports, while Nimbus was the broadcast rights holder for India cricket until its deal was terminated in November last year following which Star India won the media rights till 2018 for a whopping Rs 38.51 billion.

Its surplus from IPL season 4 jumped 124 per cent to Rs 2.65 billion from Rs 1.18 billion in the prior fiscal. The surplus from Champions League T20, which has BCCI as the majority shareholder, saw a minor dip from Rs 482.9 million in the year ago period to Rs 476.3 million.

Income from tours too witnessed a sizeable jump to Rs 2.13 billion from Rs 1.94 billion.

Expenditure during the fiscal stood at Rs 4.67 billion, up from Rs 3.91 billion in the preceding fiscal. The expenditure on cricketing activities during the fiscal was up by Rs 847.6 million to Rs 3.38 billion.

The BCCI incurred an expenditure of Rs 436.4 million on television production during the fiscal, down from Rs 491.7 million in the previous fiscal.

It needs to be noted that the production for national team and domestic matches was being done by Nimbus Sport while the television production of the IPL was being done by IMG?s production division TWI until the BCCI decided to do the production in-house beginning with the India-New Zealand series.

The in-house production team is being headed by James Rego, who is Director of Broadcast Services.