Rich Indian cricket board got richer, earned Rs 1,000 crore
Market Conditions may be grim and global giants may be declaring bankruptcy but one organisation is , celebrating a bumper year. In fact, the best year in its 79-year history .
The income of Board of Control for Cricket in India (BCCI) this year has crossed Rs 1,000 crore, well in excess of earlier estimates. Board treasurer N. Srinivasan will make a formal announcement at the BCCI annual general meeting on September 27 and 28.
The board’s income in 2007-08 was Rs 1000.41 crore, up a strong 46 per cent from Rs 651.83 crore in 2006-07. It’s a significant improvement from the board’s own forecast for the year, which was Rs 862.30 crore.
What pushed the figure up was the increase in income from the sale of media rights, up to Rs 559.31 crore from the previous year’s Rs 313.62 crore. But it’s not just television rights — every other source of income saw a mammoth rise.
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To read the ePaper, visit: http://epaper.hindustantimes.com
The income of Board of Control for Cricket in India (BCCI) this year has crossed Rs 1,000 crore, well in excess of earlier estimates. Board treasurer N. Srinivasan will make a formal announcement at the BCCI annual general meeting on September 27 and 28.
The board’s income in 2007-08 was Rs 1000.41 crore, up a strong 46 per cent from Rs 651.83 crore in 2006-07. It’s a significant improvement from the board’s own forecast for the year, which was Rs 862.30 crore.
What pushed the figure up was the increase in income from the sale of media rights, up to Rs 559.31 crore from the previous year’s Rs 313.62 crore. But it’s not just television rights — every other source of income saw a mammoth rise.
To read the full article, click here..
To read the ePaper, visit: http://epaper.hindustantimes.com
Labels: BCCI, Board treasurer N. Srinivasan, Commonwealth Games, giants, income, Indian Cricket Board, International cricketers, media rights, rich, television rights
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10:04 AM
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