Run-through
The BCCI, likewise the world’s wealthiest cricket board, paid Rs 4,298 crore in earnings tax throughout these 5 years.
The Board of Control for Cricket in India (BCCI) has actually reported combined income of Rs 27,411 crore over the previous 5 (FY18-FY22), minister of state for financing Pankaj Chaudhary has actually notified the Rajya Sabha. The revenues come from media rights, sponsorships, and earnings shares from International Cricket Council (ICC).
Chaudhury was responding to a to a concern by Shiv Sena (Uddhav Thackeray faction) MP Anil Desai. Desai had presented a concern to the financing minister, asking if the federal government knew BCCI’s status as the 2nd most affluent sports organisation internationally? He had actually likewise asked for the federal government to offer info about BCCI’s earnings, expenses and tax information over the last 5 years.
In reaction to the questions, Chaudhary specified on Tuesday that the federal government did not keep information relating to the monetary standings of sports bodies on an international scale, however he did share the board’s figures with the Upper House.
In 2017, BCCI offered media rights of Indian Premier League (IPL) for a massive Rs 16,147 crore to Star India, which is now called Disney Star. The media rights cost was more than double the Rs 8,200 crore that Sony Pictures Networks India spent for the 10-year duration from 2008 to 2017.
In the year after that, it effectively offered the media rights to India cricket matches for Rs 6,138 crore to Disney Star. Star India had actually bagged BCCI media rights in 2012 for Rs 3,851 crore.
It had actually likewise tattooed sponsorship handle brand names like Paytm, MPL, Byju’s, and MasterCard, to name a few.
BCCI, which is the world’s wealthiest cricket board, paid Rs 4,298 crore in earnings tax in these 5 years. It sustained an expense of Rs 15,170 crore throughout the duration. In FY18, BCCI made income of Rs 2,917 crore, which soared to Rs 7,606 crore in FY22 due to a rise in earnings from IPL and India cricket media rights.
BCCI’s earnings is anticipated to reach another level in FY24 as it has actually signed Rs 48,390-crore handle Disney Star and Viacom 18 for 5 years. It has actually likewise signed brand-new sponsors like Adidas and Dream11.
The cricket board has actually likewise released the Women’s Premier League (WPL), which had an effective outing this year. It mopped up Rs 4,670 crore from the sale of 5 WPL groups. It likewise offered the WPL media rights to Viacom 18 for Rs 951 crore. It likewise generated 200 crore worth of sponsorship offers for the WPL.
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