BCCI posts whopping net income of Rs 350 crore in 2012-13

The Board of Control for Cricket in India (BCCI) posted net income of Rs 350 crore, while its gross revenue stood at Rs 950 crore during the fiscal 2012-13.

The BCCI, considered the world's richest cricket body, has earned a surplus of Rs 382.36 crore in 2011-12. Informing this on Thursday after the BCCI's Finance Committee meeting in Delhi, Board Treasurer Ravi Savant told PTI that the net income figure has been arrived at "provided there is no tax (levied on the amount)."

Reuters

Savant said that the net income from the cash-rich Indian Premier League worked out to Rs 237 crore. Reuters

"The Finance Committee passed the accounts and they will be placed before the Board's Working Committee that should be meeting in the first week of September," he said. The Working Committee would also finalise the dates of the Board's AGM, also to be held next month.

Savant said that the net income from the cash-rich Indian Premier League worked out to Rs 237 crore.

"The coming year will see a dip in revenue (from broadcast rights) as we are not hosting many international games apart from the ODI and T20 matches against Australia (in October-November)," Savant said.

India are to host seven ODIs and one T20 game against Australia from October 10 to November 2. Later, they are scheduled to tour South Africa and New Zealand followed by Asia Cup and World T20 Bangladesh.

PTI

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