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 26,2024

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Islamabad: Four paramilitary personnel and two policemen have been killed and over 100 security personnel injured as the protest by supporters of jailed former prime minister Imran Khan turned violent prompting the federal government to deploy the army in the national capital along with shoot at sight orders on Tuesday, state-run media said.

Pakistan deployed the army amid a tense stand-off with Khan's supporters from his Pakistan Tehreek-e-Insaf (PTI) pushing forward by removing hurdles on their way to Islamabad's D-Chowk venue as the government vowed to foil their attempt “even if a curfew needs to be imposed.”

Radio Pakistan said a vehicle rammed into Pakistan Rangers personnel killing four Rangers officials on the Srinagar Highway in Islamabad late on Monday night. Five other Rangers personnel and several police officials too sustained severe injuries.

About five kilometres from this spot, a bunch of miscreants, equipped with weapons and ammunition, pelted stones on the Rangers personnel and carried out indiscriminate firing on the security personnel at Chungi No 26 in Rawalpindi, Radio Pakistan said.

It also reported that two policemen were killed but didn't provide any details.

According to Punjab police, one policeman was killed at Hakla interchange on Islamabad outskirts during clashes with the PTI protestors on Monday but it also did not give details about the second policeman.

Separately, Interior Minister Mohsin Naqvi said, at a late night media interaction, that more than one hundred security personnel, mostly from police, were injured and added: “One senior police officer (SP) was critically injured – he suffered a severe head injury -- due to stone-pelting by protesters.”

Radio Pakistan further reported that the Pakistan Army was called in “to deal with the miscreants with an iron hand” and “clear orders have also been issued to shoot miscreants and troublemakers on sight.”

Strongly condemning the attack on Rangers and police personnel by protesters, Prime Minister Shehbaz Sharif, in a statement, directed to immediately identify those involved in the incident and ensure they are brought to justice.

“Attacks on police and Rangers, under the guise of a so-called peaceful protest, are condemnable,” he said, adding, the anarchist group seeks bloodshed and “Pakistan cannot afford any form of chaos or bloodshed. Bloodshed for nefarious political agenda is unacceptable and highly condemnable.”

He also instructed to provide the best possible medical facilities to those injured.

Interior Minister Naqvi said the government had offered an alternative venue to the protestors to stage their activity at Sangjani in the suburbs of the capital and apparently Khan has also agreed to it.

Despite permission given by Khan, “maybe there is a leadership above Imran Khan who has refused to accept this,” he claimed and confirmed that talks were going on with the PTI to resolve the issue and that the PTI leaders were allowed to meet Khan twice on Monday to get his input.

The government is waiting for a formal response to its offer of an alternative venue for protest and “we are now waiting for PTI’s response before taking further steps,” Naqvi added.

Naqvi also warned that “come what may, the PTI would not be allowed to stage a protest at D Chowk and even hinted of imposing a curfew if needed.”

Security sources also said that all necessary measures are being taken to counter terrorist activities by disruptive and extremist elements. “All the miscreants are also being identified to bring them to justice,” the sources added.

Meanwhile, the PTI accused the authorities of using violence in which several of its supporters have been injured. A PTI spokesman told BBC Urdu that at least two supporters have also been killed but it was not confirmed from other sources so far.

Khan, 72, the PTI founder, has been in jail since August 5, 2023, and had given the ‘final call’ for the protest to force the authorities to release all prisoners, including himself, and also restore the alleged stolen mandate or victory of his party in February 8 elections as well as rescind the last month's 26th constitutional amendment allowing the government more powers over judiciary.

Earlier on Sunday, led by Khyber-Pakhtunkhwa Chief Minister Ali Amin Gandapur and Khan's wife, Bushra Bibi, the PTI supporters began their journey from the militancy-hit province with a mission to make it to D-Chowk in the national capital but faced obstacles on the roads.

The D-Chowk, close to several important government buildings: the Presidency, the PM Office, the Parliament, and the Supreme Court, is a prime location in the national capital.

The authorities had blocked the highways by placing shipping containers but the protestors accompanied by lifting equipment and other heavy machines worked their way by removing hurdles, but the hurdles did skittle their speed and plans.

The convoy entered Islamabad from Sangjani toll plaza. The party also shared footage of the KP convoy in Islamabad’s limits.

The government already banned rallies by imposing Section 144, a colonial era law used to outlaw political activities, as a high level delegation from Belarus was visiting Pakistan.

At least one policeman was killed and dozen others injured in clashes on Monday as thousands of the PTI protestors entered the territorial jurisdiction of the national capital. In one of the clashes, a policeman was killed at the Hakla interchange on Islamabad outskirts.

Another constable of the Sargodha police was injured due to “firing by miscreants” and was being treated, local media said, adding, dozens of other policemen too were injured in the clashes, but exact details were not available.

As the convoy entered the capital territory in the evening, Bushra Bibi said in a video message: “My brothers, as long as Imran is not with us, we will not end this march.”

Meanwhile, as announced on Monday, all public and private educational institutions would remain closed in view of the law and order situation both at Islamabad and Rawalpindi on Tuesday.

Khan has been implicated in dozens of cases since his government was dismissed through a no-confidence motion in 2022. He has been in Adiala Jail at Rawalpindi since last year facing over 200 cases.

His party won the largest number of seats in the February general elections despite contesting as independents as the party was denied an election symbol.

The party founder has alleged that the ruling Pakistan Muslim League-Nawaz (PML-N) and its coalition partners, including the Pakistan Peoples Party (PPP), had “stolen the mandate” to grab power at the federal level.

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News Network
November 25,2024

Udupi: Six junior artists from the prequel of Kannada blockbuster film ‘Kantara’ were injured, when the bus they were travelling in overturned in the district, police said on Monday.

According to police, the accident occurred near Jadkal on Sunday night when the mini-bus carrying the crew of the film overturned.

“The incident happened while they were returning to Kollur after completing the shoot at Mudoor in Jadkal. The mini-bus was carrying 20 junior artistes when it met with the accident,” a police officer said.

The injured were rushed to hospitals in Jadkal and Kundapur for treatment, they said.

The Kollur police are investigating the matter.

"The news making rounds is completely false. The Kantara: Chapter 1 team began shooting at 06:00 AM today, and everything is proceeding as normal. A minor accident occurred 20 kilometres away from the shooting location, involving a local bus carrying some members of the Kantara team. However, no injuries were reported," a source close to the production said.

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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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