Board of Control For Cricket in India - Finances

Finances

BCCI currently has the highest income of any national cricket board, with a revenue of 868 crore (US$157.98 million) in 2010-11. It is not required for BCCI to make its balance sheets public. The global media rights for international cricket to be held in India between March 2010 and March 2014 were awarded to production house Nimbus for US$612 Million. Official kit sponsorship rights for 5 years from 2010 to 2013 inclusive were awarded to Nike for US$43 Million. While Air Sahara became the official Indian cricket team sponsor for a period of four years at a cost of US$70 Million. The media rights for 25 neutral venue one-day matches to be played over the next 5 years were awarded to Zee Telefilms for US$219.15 Million. Business Standard reports that it will get another Rs 2,000 crore ($450 million) from the sale of other rights, including hotel, travel and ground sponsorship. Mr Lalit Modi was partly responsible for the transformation of the finances of BCCI when he took over as the Vice President in Dec 2005 under the stewardship of Mr Sharad Pawar.

The BCCI has recently established an inter-city cricket league, the Indian Premier League in limited-overs and Twenty20 format. It is structured along the lines of other professional leagues such as the English Premier League, except without the relegations and promotions system as there are only nine official teams as of now. The league has recruited several prominent overseas cricketers and will have separate TV, internet, mobile, merchandising, sponsorship and ground signage rights. The IPL founder and Creator Lalit Modi predicted that it would become the single largest revenue earning avenue for BCCI after its establishment. On 12 September 2006 BCCI announced that it will spend $347 Million (Rs. 16 Billion) over the subsequent one year to upgrade the cricket stadiums around the country.