The Indian Premier League (IPL), which started as a sideshow by the Board of Control for Cricket in India (BCCI) in 2008, is now set to account for nearly 95 percent of the board’s surplus.
BCCI’s projections of its income and spending in the coming financial year suggest that the IPL will earn a surplus of Rs 2,017 crore, while the rest of the board’s operations - international fixtures as well as domestic - will contribute barely Rs 125 crore to its surplus, reports The Times of India.
What these projections mean is that BCCI will make 16 times more profit during the 45-day IPL window than it is likely to in the remaining 320 days of the year.
This net surplus will accrue after BCCI’s expenditure on the game’s infrastructure and other heads, amounting to approximately Rs 1,272 crore against an income of Rs 3,413 crore.
In the current year, IPL is estimated to contribute 60 percent of BCCI’s overall surplus of a little under Rs 670 crore.
Now, thanks to the five-year mega media rights deal worth Rs 16,347 crore with Star India, IPL is going to bring in a surplus of Rs 2017 crore as compared to Rs 400 crore in the last financial year.
Keeping the surplus generated from the IPL aside, BCCI is likely to end up generating a surplus of Rs 125 crore out of its international calendar and domestic matches.