BCCI set to earn over Rs 2000-cr from IPL

Times of India
February 13, 2018

NEW DELHI, Feb 13: The Indian Premier League (IPL), which started as a sideshow by the Board of Control for Cricket in India (BCCI) in 2008, is now set to account for nearly 95 percent of the board’s surplus.

Captains-coaches meeting date advanced by BCCI

BCCI’s projections of its income and spending in the coming financial year suggest that the IPL will earn a surplus of Rs 2,017 crore, while the rest of the board’s operations - international fixtures as well as domestic - will contribute barely Rs 125 crore to its surplus.

Since IPL launch, BCCI has paid Rs 3,500cr in tax

What these projections mean is that BCCI will make 16 times more profit during the 45-day IPL window than it is likely to in the remaining 320 days of the year. This net surplus will accrue after BCCI’s expenditure on the game’s infrastructure and other heads, amounting to approximately Rs 1,272 crore against an income of Rs 3,413 crore.

In the current year, IPL is estimated to contribute 60 percent of BCCI’s overall surplus of a little under Rs 670 crore. Now, thanks to the five-year mega media rights deal worth Rs 16,347 crore with Star India, IPL is going to bring in a surplus of Rs 2017 crore as compared to Rs 400 crore in the last financial year. Keeping the surplus generated from the IPL aside, BCCI is likely to end up generating a surplus of Rs 125 crore out of its international calendar and domestic matches.

Thus, the net surplus of the board is projected to see a threefold increase from Rs 665 crore to 2,142 crore. The allocation ratio (IPL:BCCI) has changed to 80:20 from 52:48 due to change in revenue shares. This means BCCI’s establishment and administration expenses are likely to come down to Rs 19 crore from Rs 51crore.

Based on the Future Tours Programme, the board will see a marginal drop of Rs 5 crore in the surplus from the men’s team’s international tours, leading to a substantial drop of Rs 78 crore in income from media rights alone.

Interestingly, the projections indicate that the Indian team may not play any Test matches in New Zealand when they tour early next year after a gap of five years. India will play 12 Tests in the next financial year with only two Tests at home - against West Indies.

Income from media rights per international fixture - Tests, ODIs or T20Is - is billed at Rs 43.20 crore. India will play 10 international matches each in Australia and New Zealand in the coming financial year. They are slated to play four Tests, three ODIs and three T20Is in Australia, before flying out to New Zealand for five ODIs and five T20Is. The media rights agreement with Star is due for renewal in April 2018.

“There is a lot of risk of losing money in a five-day game starting at 3 am India time (in New Zealand). Anyway, it will be a World Cup year by the time India travel to New Zealand. India will be playing just white-ball cricket after the Tests in Australia get over till the World Cup in England arrives.

India will host Australia after they come back from New Zealand and will travel to Zimbabwe for three T20Is before the 2019 IPL,” a senior BCCI official in the know of things told TOI.

India played just two Tests and five One-Day Internationals last time when they visited New Zealand in 2014.

Supervised by the Supreme Court-appointed committee of administrators (CoA), the board had announced in December that it is keen on reducing the number of playing days without cutting down on the number of matches. Playing just the shorter formats in New Zealand could be a step in that direction.

BCCI CEO Rahul Johri had recently claimed that there would be ‘virtually no or very little’ international cricket during the IPL in the FTP from 2019. “The other boards understand the opportunity of the IPL. They all want their players to be available. In the FTP from 2019, there's virtually no or very little international cricket during that period in the calendar. Our endeavour is to overcome even that little international cricket. That is testimony to the strength of the IPL,” Johri had told TOI last month.

India A, junior, women and NCA programmes to be strengthened

The board is likely to double its expenditure budget on international tours for India A, junior and women. The board has plans to set aside Rs 48.5 crore for these tours with the women’s tours seeing an increase of Rs 9 crore.

BCCI also plans to increase camps and activities at the National Cricket Academy (NCA) by allocating Rs 50 crore as compared to Rs 26 crore last year. There is an increase of Rs 14 crore for conducting domestic matches as the BCCI plans to increase the number of domestic matches too. This could be because of the board’s endeavour to strengthen women’s and junior cricket.

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News Network
November 12,2024

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The Taliban regime has appointed Ikramuddin Kamil as the acting consul in the Afghan mission in Mumbai, Afghan media has reported.

It is the first such appointment made by the Taliban set up to any Afghan mission in India.

There was no immediate comment from the Indian side on the appointment that came.

The Ministry of Foreign Affairs of Afghanistan has announced the appointment of Kamil as the acting consul in Mumbai, the Taliban-controlled Bakhtar News Agency reported on Monday, citing unnamed sources.

"He is currently in Mumbai, where he is fulfilling his duties as a diplomat representing the Islamic Emirate," it said.

The appointment is part of Kabul's efforts to strengthen diplomatic ties with India and enhance its presence abroad, the media outlet said

Kamil holds a PhD degree in international law and previously served as the deputy director in the department of security cooperation and border affairs in the foreign ministry, it said.

He is expected to facilitate consular services and represent the interests of Afghanistan in India, the report added.

Kamil's appointment comes days after the external affairs ministry's point-person for Afghanistan held talks with the Taliban's acting defence minister, Mullah Mohammad Yaqoob, in Kabul.

Sher Mohammad Abbas Stanikzai, the Taliban's deputy foreign minister for political affairs, also posted on X about Kamil's appointment.

The appointment of Kamil is seen as part of efforts to facilitate consular services to the Afghan population in Mumbai.

There has been almost negligible presence of diplomatic staff at the Afghan missions in India.

Most of the diplomats appointed by the Ashraf Ghani government have already left India.

In May, Zakia Wardak, the seniormost Afghan diplomat in India, resigned from her position after reports emerged that she was caught at the Mumbai airport for allegedly trying to smuggle 25 kg of gold worth Rs 18.6 crore from Dubai.

Wardak had taken charge as the acting ambassador of Afghanistan to New Delhi late last year, after working as the Afghan consul general in Mumbai for more than two years.

She took charge of the Afghan embassy in New Delhi last November, after the mission helmed by then ambassador Farid Mamundzay announced its closure.

Mamundzay, who was an appointee of the Ghani government, had moved to the United Kingdom.

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News Network
November 12,2024

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The UN humanitarian coordinator for Lebanon has warned that the “picture of life in Lebanon remains grim,” highlighting an "alarming" level of human suffering and significant humanitarian consequences due to the ongoing Israeli carnage.

Imran Riza, the UN Deputy Special Coordinator and Resident and Humanitarian Coordinator for Lebanon (UNSCOL), provided a stark overview of the Arab country's dire circumstances in a statement released on Monday.

“The current picture of life in Lebanon remains grim. Yesterday, airstrikes reportedly killed 23 people, including seven children, in the village of Aalmat in Mount Lebanon,” Riza said on X.

An airstrike in the city of Tyre on the same day resulted in the tragic deaths of five siblings from a single family, all of whom had special needs, according to his statement.

He added that in the last week, Israeli airstrikes have killed at least 241 individuals and left 642 others injured in Lebanon, as reported by the Ministry of Health.

“In the past month, more than 185,000 people have fled their homes in their search for safety within the country, bringing the total to over 870,000 people internally displaced,” Riza said

The UN official highlighted that numerous individuals, including the elderly and those with health issues, are staying behind while witnessing the ruins of their ancestral homes.

He urged for the swift safeguarding of civilian people and infrastructure, emphasizing the necessity to uphold international humanitarian law and end the ongoing violence.

Lebanon’s National News Agency reported that Israeli forces bombed a house in the town of Maydoun in Bekaa on Monday night, killing three people and destroying the house.

Earlier, Israel bombed the northern town of Ain Yaaqoub, killing at least 14 people.

The killings came as Israeli military continued to pound Lebanon, bombing shops selling electrical appliances in the southern city of Tyre and carrying out air raids on the towns of Shamshtar in eastern Baalbek and Roumine in southern Nabatieh.

Lebanon’s Ministry of Health said Israeli attacks killed at least 54 people across the country on Monday.

Israel’s merciless attacks continue despite calls from the UN Security Council for an immediate ceasefire and directives from the International Court of Justice urging measures to prevent genocide and alleviate the dire humanitarian situation in Gaza and Lebanon.

In Lebanon, at least 3,243 people have been killed and 14,134 others wounded in Israeli attacks since the war on Gaza began on October 7, 2023.

The Lebanese resistance movement Hezbollah opened a support front for Palestinians in Gaza only a day after the Israeli regime unleashed its genocidal war on the besieged territory.

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News Network
November 17,2024

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An Israeli airstrike on the office of Syria’s Baath party in Lebanon’s capital Beirut has killed the Lebanese resistance movement Hezbollah's Media Relations Officer, Mohammad Afif, reports say.

Lebanon's National News Agency (NNA) reported that the Israeli raid struck the Ba'ath party’s building in central Beirut district of Ras Al-Naba'a on Sunday, adding that the strike was an attempt to assassinate the leader of the resistance media front.

According to Baath Secretary-General Ali Hijazi, Afif was having a meeting in the Baath Party headquarters when Israel carried out the attack.

"Afif did not fight with weapons and did not lead a military unit in Hezbollah. Rather, he led a media unit," he said.

Reuters, Sky News, Al Jazeera and a number of Henrew-language media reported that Afif was killed in the Israeli strike.

However, Hezbollah has not yet confirmed Afif’s death or whether he was present at the site or not.

Earlier, the Lebanese Health Ministry said at least one person was killed and three others injured after an Israeli strike targeted a central district in Beirut.

Lebanon's al-Mayadeen television network reported that five people were killed in the attack.

The latest development came after Afif said Hezbollah was behind the Caesarea operation and targeting Netanyahu’s home during a speech at the Ghobeiry area in the southern suburbs of Beirut on October 22.

This was the second assassination attempt on Afif in the last two months, after he survived an attack on the Hezbollah media relations office several weeks ago.

Israel launched a ground assault and massive air campaign against Lebanon in late September after a year of exchanging fire across the Lebanese border in parallel with the Gaza war.

At least 3,287 people have been killed in Israeli strikes in Lebanon over the past year, with the vast majority in the past seven weeks. Another 14,222 have been wounded, mostly women and children.

In response to the ongoing aggression, the Lebanese resistance movement Hezbollah has been staging hundreds of retaliatory strikes against the occupied Palestinian territories and the Israeli forces trying to advance on southern Lebanese areas.

The movement has vowed to sustain its strikes until the regime ends the escalation.

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