MUMBAI: The Board of Control for Cricket in India (BCCI), the world’s richest cricket body, is worth of Rs 119.1676 billion, according to the audited accounts and balance sheet for the 2017-18 fiscal, accessed by Outlook magazine.
The bulk of revenues came from its media rights deals with Sony Pictures Networks India for the Indian Premier League (SPN’s righte tenure was till 2017) and Star India for the India cricket rights (Star’s payout for the BCCI cricket rights alone was Rs 432 million per international match).
This already astronomical figure is going to go up further when the 2018-19 balance sheet is finalised and released, and will breach the Rs 130 billion mark as it hosts 26 international matches this ongoing home season, the magazine reports.
Why? In April 2018, Star India retained the worldwide TV and digital rights to BCCI controlled cricket for a whopping Rs 61.38 billion. As reported earlier exclusively
by SportzPower, the country’s leading sportscaster back-loaded its bid in such a way that over the first three years of its rights tenure (2018-2021), the per-match payout to BCCI is only a little over the Rs 432 million that the network has been paying during the current cycle. In the final two years (2021-2023), however, there is a massive increase. Broken down, the per match payout over the five years looks like this: Year 1 – Rs 460 million; Year 2 – Rs 470 million; Year 3 – Rs 465 million; Year 4 – Rs 774 million; Year 5 – Rs 789 million.
Factor in Star’s historic consolidated media rights bid of Rs 163.475 billion for the India TV and digital (internet and mobile) rights as well as the rest of the world rights for five years (2018-2022) for the IPL, which translates into an average of Rs 545 million per match, and it could well go even higher than Outlook’s Rs 130 billion estimate.
For some context, the BCCI only broke the Rs 80 billion mark in the 2016-17 financial year, in which its account books showed it was worth Rs 84.3186 billion.
The BCCI’s net worth includes, amongst other things, its bank balance, fixed deposits, and fixed assets.
The BCCI earns its revenue mainly through four sources of income – media (broadcast) rights for bilateral series; national team (jersey) sponsor; series sponsor; and the media rights of the IPL. Let us look at Board’s income per match from these main sources during the financial year 2017-18.
Series sponsor PayTM gives Rs 24.2 million per match; national team jersey sponsor Oppo furnishes Rs 46.1 million per match (recently, Bangalore-based educational technology and online tutorial firm BYJU’S replaced Oppo for the rest of the sponsorship period ending on March 31, 2022).
However, the BCCI’s income is not limited to the four sources of income mentioned above. It also earns handsome revenue from its three ‘official partners’ – Dream11, Pepsi, and Ambuja Cement.
For some additional context, according to the future tours programme, BCCI is expected to host 18 matches in Year 1, 26 in Year 2, 14 in Year 3, 23 in Year 4, and 21 in Year 5.
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