Units to get significantly lesser share of BCCI revenues
There is some bad news for the affiliated units of the BCCI as they will be getting a significantly lesser share of the pie due to cut in sponsorship and media rights money, according to the finance committee report that was tabled in Chennai on Friday.
New Delhi: There is some bad news for the affiliated units of the BCCI as they will be getting a significantly lesser share of the pie due to cut in sponsorship and media rights money, according to the finance committee report that was tabled in Chennai on Friday.
A notable incident at today's finance committee meeting was the objection raised by former BCCI secretary Niranjan Shah and Vidarbha CA representative Kishore Dewani regarding not being shown a copy of annual accounts beforehand, which could have led to analysis and discussions.
According to reliable sources in the finance committee, the affiliated units will have a decrease in share of money by approximately Rs 14 crore.
"Last year, most of the affiliated units got something to the tune of Rs 32 to Rs 34 crore from the BCCI depending upon number of international matches hosted and some other variables. There will be decrease in share for the associations as they will be getting something to the tune of Rs 18 to Rs 20 crore," a senior BCCI office-bearer, who was present at the meeting told PTI today.
The reason given was lesser share of media rights and also with IPL having lesser number of teams.
"According to the annual accounts report, the amount received as Gross Media Rights is Rs 419 (2013-14) crore compared to Rs 774 crore last year (2012-13). The dip is due to only one international series that India played at home during the last financial year," the source quoted from the report.
The annual gross receipts from international tours have also dipped to Rs 193 crore from Rs 216 crore.
It has been learnt that the revenue from sponsorship distributed to the Indian cricketers lessened from Rs 49 crore to Rs 11 crore.
The good news was income receipts from IPL has increased by Rs 278 crore (from Rs 556 crore to Rs 844 crore) while there has also been a slender increase in Champions League T20 income receipts from Rs 279 crore to Rs 327 crore. The franchise consideration fee has also increased from Rs 460 crore to Rs 502 crore.