BCCI Make Substantial Profit for 2010/11 Financial Year

The Board of Control for Cricket in India (BCCI)  have made a profit of $36 million (Rs1.63billion) during the financial year 2010-11.

Most of that money was earned from its sale of broadcast rights, sponsorship and not to mention their franchise fee of the IPL.

Sources added that the net profit would have been to the tune of $57 million (Rs 2.6 billion) had ICC World Cup under the previous financial year. Income from ICC WC, which ended on 2 April, would get computed only at the end of the current financial year.

The Cricket Club of India, Mumbai, National Cricket Club, Kolkata, Railways, Services and the All India Universities, though full members of the BCCI, do not receive IPL and television subvention.

The BCCI also decided that a former cricketer can now be eligible to be a national selector after five years of retirement instead of the earlier stipulated 10 years.

Meanwhile, the BCCI approved the account for 2010-11 at the WC meeting. It was also decided to hold AGM on 19 and 20 September.

BCCI president-elect, N Srinivasan, said in a brief statement: “The Accounts for the year 2010-11 were approved at the meeting. It was also decided that the 83rd Annual General Meeting of the Board will be held on 19th and 20th September 2011 at the Cricket Centre, Mumbai.”