Despite a fall in income from the media rights, the Board of Control for Cricket
in India (BCCI) has reported overall income of Rs 651.83 crore for the
financial year 2006-07.
After accounting for an expenditure of Rs 420 crore incurred during the year,
the board has managed a healthy surplus of Rs 231 crore, according to the BCCI's
annual report released here.
It was an excellent performance by the apex cricket body as the surplus for
the previous year (2005-06) was only Rs 33 crore. The rise in income was attributed
to higher inflow from tours and interest on fixed deposit with banks.
BCCI Treasurer N Srinivasan said the income by way of media
rights was down at Rs 314 crore as against Rs 341 crore in 2005-06 due to concessions
granted to Nimbus in the wake of change in government rules, which asked for
compulsory feed of sports events of national importance to Doordarshan.
Nimbus, which had won the media rights for telecasting matches,
had requested the board for reduction in fee owing to the government stand.
The board agreed for reduction of USD 55 million for the entire
contract period from March 2006 to March 2010. Besides, Nimbus was also given
reduction of USD 8 million on account of radio rights fee, the report said.
The fixed deposits with banks have shot up to a whopping Rs 745 crore against
Rs 545 crore during the previous year.
According to the report, the international players were paid Rs 43 crore during
the year while the projected distribution for the current year has been estimated
at Rs 55 crore.
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