BCCI Faces Cut in Sponsorship, Media Rights Money

Updated: 26 September 2014 18:54 IST

The revenue from sponsorship distributed to the Indian cricketers was reportedly lessened from Rs 49 crore to Rs 11 crore.

BCCI Faces Cut in Sponsorship, Media Rights Money
Revenue distribution to Indian cricketers has been lessened. © AP

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 Friday.

A notable incident at the 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. (Ravi Shastri to Continue as Team India Director)

According to reliable sources in the finance committee, the affiliated units will have a decrease in share of money by approximately Rs 14 crore. (BCCI Felicitates Srinivasan, Defers AGM)

"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.

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 was 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.

The surplus of income-over-expenditure for the current financial year is Rs 526 crore compared to Rs 312 crore during the last year. There has been a budget surplus of Rs 391 crore while the BCCI has also encashed a bank guarantee of Rs 133 crore after Sahara Pune Warriors was dissolved last year.

Another good news was increase of gross receipts by Rs 302 crore from Rs 892 crore in the previous year to 1194 crore.

The cost of cricket operations, however, decreased from Rs 551 crore in the last financial year to Rs 516 crore.

A member of the finance committee admitted that Shah indeed has raised a question in which Accounts report was being distributed to members.

"Shah, a former BCCI secretary and a member of the Shashank Manohar faction asked treasurer Aniruddh Chaudhary as to why the finance committee members were not handed the Accounts report earlier, so that they can have discussions. To this Chaudhary apparently replied that BCCI wanted to avoid the report being leaked in the media beforehand," a member, who was present at the meeting, said.

The finance committee was also intimated that none of the IPL franchises have told BCCI about the manner in which they would like to be compensated for overheads shooting up after the first part of IPL was shifted to United Arab Emirates.

Even interim-IPL chairman Sunil Gavaskar, who is supposed to be adequately compensated for his role during IPL, has not yet submitted the invoice, which is a must for clearance of any financial transactions.

The IPL accounts were presented separately from the BCCI accounts.



Topics : India Board of Control for Cricket in India Cricket
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