BCCI's financial crisis due to Covid-19

[Last Monetarist]

The BCCI as an organization is financially stretched, and like most bureaucratic behemoths it's not going to be an easy fix. It can't afford to not host the IPL each year, which is why continuous expansion of that tournament till it eats up international cricket is inevitable.

 

[cricketjoshila]

The BCCI as an organization is financially stretched, and like most bureaucratic behemoths it's not going to be an easy fix. It can't afford to not host the IPL each year, which is why continuous expansion of that tournament till it eats up international cricket is inevitable.

How is BCCI financially stretched? Can you show me when was the last time BCCI didnt make a profit?

 

[MenInG]

Not only World Cup and IPL but players' remuneration was also discussed in the meet. Remember these are tough times for Indian domestic players.

https://www.news18.com/cricketnext/...21-uae-ranji-trophy-remuneration-3788543.html

 

[MenInG]

BCCI is found itself answering questions related to delay in payments to its players after a UK publication claimed that the India women cricketers are yet to receive their share of prize money from the 2020 ICC Women’s T20 World Cup in Australia where they finished runners-up. The board quickly replied saying the prize money will be disbursed soon.

 

[OMB]

BCCI spearheading Covid-hit world? Listing revenues of top 10 richest cricket boards in 2021

BCCI remains the richest cricket board in world cricket. BCCI, CA and ECB make for the top three richest boards. Here's a list of the revenues of 10 richest cricket boards in 2021

Cricket remains one of the most followed sports in the world. Amid the fanfare of football, rugby, tennis, badminton, the gentlemen's game has built its stature and reputation across the globe -- with huge popularity in the subcontinent and the active cricket-playing nations.

The game is run by the International Cricket Council (ICC) whereas every cricketing playing nation's team is managed by their respective boards. From smooth functioning, care about the domestic structure, bringing sponsorship, looking after payment and other resources for their players, adding more fans to the game, hosting big-ticket tournaments, looking after the junior-senior or men's/women's cricket functioning, keeping malpractices and corruption at bay, there remain a plethora of factors that keep every cricketing board on its toes.

Undoubtedly, the biggest of them all for every board is generating more revenue and managing their monetary resources. At the end of the day, the sport may be between bat and ball and all about the players involved (be it in men's or women's category), but the most essential factor for every cricketing body remains the total earnings which they make annually. It helps them in managing and looking into every facet, mentioned above, and holding their place in world cricket.

Since the Covid-19 pandemic continues to wreak havoc on the sporting ecosystem worldwide, it has kept every cricket board on toes to remain relevant and prevent their total earnings to take a hit severely.

Here's a look into the richest cricketing bodies, in the Covid-era, in terms of total earnings in 2021:

Top cricketing boards Total earnings in 2021
BCCI - 3,730 crore
CA - 2,843 crore
ECB - 2,135 crore
PCB - 811 crore
BCB - 802 crore
CSA - 485 crore
NZC - 210 crore
WICB - 116 crore
ZCB - 113 crore
SLC - 100 crore

*Figures as per various reports

BCCI, who will have a SGM today in Mumbai for IPL 2021's resumption and reveal more details on the T20 World Cup venue, continues to spearhead the list. The Indian cricket is running smoothly, managing many factors despite a hit suffered due to Covid outbreak since 2020. The IPL, producing big-ticket players, unmatched passionate fans, major ICC titles, etc. have kept BCCI -- or Indian cricket in general -- in a much-secured position.

However, the board has plenty on their plate currently -- with around 2-2.5k crore at stake if IPL 14's phase two doesn't take place this year. The likes of CA, ECB, PCB and BCB follow suit whereas some cricketing boards -- in the latter part of the table -- continue to blow hot and cold in terms of their existence in world cricket due to several factors.

https://www.timesnownews.com/sports/cricket/article/bcci-spearheading-covid-hit-world-listing-revenues-of-top-10-richest-cricket-boards-in/763329

 

[Savak]

BCCI spearheading Covid-hit world? Listing revenues of top 10 richest cricket boards in 2021

BCCI remains the richest cricket board in world cricket. BCCI, CA and ECB make for the top three richest boards. Here's a list of the revenues of 10 richest cricket boards in 2021

Cricket remains one of the most followed sports in the world. Amid the fanfare of football, rugby, tennis, badminton, the gentlemen's game has built its stature and reputation across the globe -- with huge popularity in the subcontinent and the active cricket-playing nations.

The game is run by the International Cricket Council (ICC) whereas every cricketing playing nation's team is managed by their respective boards. From smooth functioning, care about the domestic structure, bringing sponsorship, looking after payment and other resources for their players, adding more fans to the game, hosting big-ticket tournaments, looking after the junior-senior or men's/women's cricket functioning, keeping malpractices and corruption at bay, there remain a plethora of factors that keep every cricketing board on its toes.

Undoubtedly, the biggest of them all for every board is generating more revenue and managing their monetary resources. At the end of the day, the sport may be between bat and ball and all about the players involved (be it in men's or women's category), but the most essential factor for every cricketing body remains the total earnings which they make annually. It helps them in managing and looking into every facet, mentioned above, and holding their place in world cricket.

Since the Covid-19 pandemic continues to wreak havoc on the sporting ecosystem worldwide, it has kept every cricket board on toes to remain relevant and prevent their total earnings to take a hit severely.

Here's a look into the richest cricketing bodies, in the Covid-era, in terms of total earnings in 2021:

Top cricketing boards Total earnings in 2021
BCCI - 3,730 crore
CA - 2,843 crore
ECB - 2,135 crore
PCB - 811 crore
BCB - 802 crore
CSA - 485 crore
NZC - 210 crore
WICB - 116 crore
ZCB - 113 crore
SLC - 100 crore

*Figures as per various reports

BCCI, who will have a SGM today in Mumbai for IPL 2021's resumption and reveal more details on the T20 World Cup venue, continues to spearhead the list. The Indian cricket is running smoothly, managing many factors despite a hit suffered due to Covid outbreak since 2020. The IPL, producing big-ticket players, unmatched passionate fans, major ICC titles, etc. have kept BCCI -- or Indian cricket in general -- in a much-secured position.

However, the board has plenty on their plate currently -- with around 2-2.5k crore at stake if IPL 14's phase two doesn't take place this year. The likes of CA, ECB, PCB and BCB follow suit whereas some cricketing boards -- in the latter part of the table -- continue to blow hot and cold in terms of their existence in world cricket due to several factors.

https://www.timesnownews.com/sports/cricket/article/bcci-spearheading-covid-hit-world-listing-revenues-of-top-10-richest-cricket-boards-in/763329

Disgraceful gap bw the top 3 and PCB given that the PCB has the largest domestic population after India. The dheet PCB administrations bw the 2008 and 2013 are too blame for this

 

[MenInG]

The BCCI will reportedly be able to save Rs 1500 crore (USD 200m) in taxes for staging three major ICC events during the 2024-31 cycle. The development comes after the ICC agreed to bear the 10 per cent tax the Indian cricket board has to pay to its government.

Already, BCCI is set to endure a loss of Rs 750 crore for hosting two world cups - 2016 World T20 and 2023 ODI World Cup. The loss could have been more had the 2021 T20 World Cup not been shifted out of the country to UAE.

According to a report in the Times of India, barring BCCI, every other cricket board benefits from tax exemptions from their respective government. That leaves the Indian board incurring heavy losses.

“Every other cricket board gets tax exemptions from their government. But BCCI can’t expect the central government to bend its laws for us. Hence, all the members felt that the ICC should bear the damages. Anyway, BCCI generates the heaviest revenues by hosting events in India. The BCCI will not have to suffer any cuts from the ICC’s revenue pool," TOI quoted a BCCI official as saying.

On Tuesday, the ICC revealed hosts for its limited-overs events till 2031. India have been announced hosts for three major events including the 2026 T20 World Cup (co-hosts alongside Sri Lanka), 2031 ODI World Cup (co-hosts Bangladesh) and 2029 Champions Trophy.

In a major development, Pakistan have also been awarded an ICC event for the first time since 1996 when it hosted the ODI World Cup alongside India and Sri Lanka. The Champions Trophy in 2025 will be held in the country.


https://www.news18.com/cricketnext/...agrees-to-bear-tax-burden-report-4451783.html

 

[Savak]

The BCCI will reportedly be able to save Rs 1500 crore (USD 200m) in taxes for staging three major ICC events during the 2024-31 cycle. The development comes after the ICC agreed to bear the 10 per cent tax the Indian cricket board has to pay to its government.

Already, BCCI is set to endure a loss of Rs 750 crore for hosting two world cups - 2016 World T20 and 2023 ODI World Cup. The loss could have been more had the 2021 T20 World Cup not been shifted out of the country to UAE.

According to a report in the Times of India, barring BCCI, every other cricket board benefits from tax exemptions from their respective government. That leaves the Indian board incurring heavy losses.

“Every other cricket board gets tax exemptions from their government. But BCCI can’t expect the central government to bend its laws for us. Hence, all the members felt that the ICC should bear the damages. Anyway, BCCI generates the heaviest revenues by hosting events in India. The BCCI will not have to suffer any cuts from the ICC’s revenue pool," TOI quoted a BCCI official as saying.

On Tuesday, the ICC revealed hosts for its limited-overs events till 2031. India have been announced hosts for three major events including the 2026 T20 World Cup (co-hosts alongside Sri Lanka), 2031 ODI World Cup (co-hosts Bangladesh) and 2029 Champions Trophy.

In a major development, Pakistan have also been awarded an ICC event for the first time since 1996 when it hosted the ODI World Cup alongside India and Sri Lanka. The Champions Trophy in 2025 will be held in the country.


https://www.news18.com/cricketnext/...agrees-to-bear-tax-burden-report-4451783.html

The PCB and the PSL Franchises have been able to convince the FBR to give it tax exemption. Strange the BCCI cannot convince the Indian Tax authorities to do the same

 

[cricketjoshila]

The PCB and the PSL Franchises have been able to convince the FBR to give it tax exemption. Strange the BCCI cannot convince the Indian Tax authorities to do the same

Because then everyone will ask for tax exemption.

The Indian grand prix F1 race was cancelled after 3 years due to sane issues.

 

[silentkiller187]

The issue of taxing the income of BCCI needs to be re-examined even though it is registered as a charitable body

Cricket fever has gripped the nation and BCCI has decided to renew the media rights of Indian Premier League (IPL) in June 2022. Floor price for the auction has been kept at Rs 32,890 crore for a five-year period of 2023 to 2027 and the auction is expected to fetch more than Rs 35,000 crore. In the previous year, BCCI added two new franchises in IPL for a whooping sum of Rs 12,715 crore. Anyway, BCCI is world’s richest cricket association and as per media reports, its net worth at March 2021 was more than Rs 18,000 crore.

IPL has taken the commercialization of cricket to a new height and revenue authorities also noted this phenomenon. BCCI is registered as a charitable organization and its income is exempt from tax, subject to fulfilment of conditions imposed under the Income Tax Act, 1961. Issue of taxing the income of BCCI was taken up by the tax department and it sought to revoke the exemption granted to BCCI. This was challenged before the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) and the November 2021 order [ITA No. 3301/ Mum/2019] came in favour of BCCI. However, even the ITAT carved out in its order that the pertinent issue examined by the tribunal is related only to granting the registration to BCCI and it has not examined the issue of taxability of IPL income.

Various state cricket boards have got tax reliefs on their income but this doesnot settle the matter for BCCI. In fact, the Gujarat High Court in the matter of Director of Income Tax (E) Vs Gujarat Cricket Association [Tax Appeal No. 268 of 2012 which was decided on 27 September 2019] had categorically said that ‘undoubtedly the activities of BCCI are commercial in nature’. Para 163 of the said order grants relief to Gujarat Cricket Association on the ground that activities of BCCI (which are of commercial in nature) are different from the assessee and the assessee has merely received donation from BCCI. In a similar issue related to Chandigarh Lawn Tennis Association Vs ITO (Exemptions), the Chandigarh ITAT bench [ITA No. 1382/CHD/2016] held that income from organizing Davis Cup matches is liable to tax u/s 2(15) of the Income Tax Act, 1961. There are various other judgements also where it has been affirmed that if any organization which is engaged in advancement of any other object of general public utility, then it must pass the test prescribed u/s 2(15) of the Act otherwise section 13(8) of the Act will become applicable and exemption will be given on a Y-o-Y basis. Such originations can continue to hold their registration but impact of section 2(15) has to be considered while computing their tax-exempt income.

The Football Association of Britain is also registered as a non-profit corporation but in the previous FY it has paid around 20 million GBP as tax and a further provision of 4.8 million GBP is made towards deferred tax (a future tax liability). IPL also runs on similar model of British football clubs and therefore an inference can be drawn.

There was a time when Supreme Court had to intervene into the affairs of the BCCI and former C&AG Vindo Rai was appointed as interim president on the direction of the court. The apex court approved the memorandum of association and rules & regulations of BCCI in August 2018 and it was expected that the revised framework will provide much needed transparency. Chapter 8 of the Supreme Court approved rules & regulations is dedicated to transparency and it mandates BCCI to upload details of financial outlay etc. on its website. Annual accounts, financial and compliance reports etc. are also to be updated on the official website (www.bcci.tv) but surprisingly, annual reports after FY 2016-17 are not available. Elaborate rules have been made to avoid the conflict of interest in the conduct of BCCI and all such instances are also to be disclosed on the website. Its high time when the apex court asks the cricketing body to submit a compliance status report on all the recommendations. In fact, rules and regulations are bye-laws of the entity and they must be complied in letter and spirit.

A rich sporting body like BCCI which is managed by politicians, (both from UPA and NDA) and optics are very much important in politics. A lavish manner of conducting the tournaments and resisting the tax payment, conducting the affairs in an opaque manner, etc., are not giving a good perception about the apex cricketing body.

https://www.dailypioneer.com/2022/c...cricket-body--the-bcci--is-not-yet-taxed.html

 

[gazza619]

What utter nonsense. How can a cricket board be a charity.

 

[daytrader]

Perks of BCCI's honorary job: First class travel, suite room and $1000 per day on foreign trips
The per diem (daily allowance) has been revised after more than seven years

An office bearer of the all-powerful BCCI will now be paid a daily allowance of $1000 on foreign tours and will fly first-class.

The increase in allowances doled out to the BCCI office bearers was tabled in the Apex Council meeting on Sunday but came into effect last October.

The per diem (daily allowance) has been revised after more than seven years. Earlier, the officer bearers of the world's richest board used to get $750 per day on overseas tours.

The office bearers, including the president, vice-president, secretary, treasurer and joint-secretary, will be also be entitled to Rs 40,000 per day for meetings within India and business class travel, according to the BCCI document accessed by PTI.

For 'work travel', they will be paid Rs 30,000 a day. They can also book for a suite room both on domestic and overseas trips.

The allowances of IPL chairman has also been bracketed in the office-bearers' category.

Members of the BCCI Apex Council, including two representatives from the Indian Cricketers' Association, will get Rs 40,000 per day for their quarterly meetings and $500 on overseas tours. However, it is usually the office bearers who travel overseas for work.

The board has also revised the allowances for the members of its state units who will now get Rs 30,000 per day during domestic travel and $400 on foreign travel.

The three members of the Cricket Advisory Committee, which picks the head coach of both men and women national teams, will be paid Rs 3.5 lakh each for meetings. Foreign travel is unlikely in their case but each of them is entitled to an amount of $400 per day for this.

It is to be noted that a BCCI office bearer's post is an honorary one. Its well-paid employees like the CEO will get a daily allowance of $650 on foreign tours and Rs 15,000 per day within India.

The Telegraph Online

 

[MenInG]

40 pitches!!!

==

<blockquote class="twitter-tweet" data-partner="tweetdeck"><p lang="en" dir="ltr">Took stock of the new NCA, which is being built on 40 acres of land in Bengaluru with BCCI President Mr Roger Binny. The Centre of Excellence will be equipped with state-of-the-art amenities & will have about 40 pitches. The new futuristic NCA is BCCI’s goal for 2023-25 &#55356;&#56814;&#55356;&#56819; <a href="https://twitter.com/BCCI?ref_src=twsrc%5Etfw">@BCCI</a> <a href="https://t.co/o1DwlYssAU">pic.twitter.com/o1DwlYssAU</a></p>— Jay Shah (@JayShah) <a href="https://twitter.com/JayShah/status/1647217414344683522?ref_src=twsrc%5Etfw">April 15, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[cricketjoshila]

40 pitches!!!

==

<blockquote class="twitter-tweet" data-partner="tweetdeck"><p lang="en" dir="ltr">Took stock of the new NCA, which is being built on 40 acres of land in Bengaluru with BCCI President Mr Roger Binny. The Centre of Excellence will be equipped with state-of-the-art amenities & will have about 40 pitches. The new futuristic NCA is BCCI’s goal for 2023-25 &#55356;&#56814;&#55356;&#56819; <a href="https://twitter.com/BCCI?ref_src=twsrc%5Etfw">@BCCI</a> <a href="https://t.co/o1DwlYssAU">pic.twitter.com/o1DwlYssAU</a></p>— Jay Shah (@JayShah) <a href="https://twitter.com/JayShah/status/1647217414344683522?ref_src=twsrc%5Etfw">April 15, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

They also need a 40 bedded injury recovery unit. NCA is hopeless in terms of injury management.

 

[MenInG]

<blockquote class="twitter-tweet" data-partner="tweetdeck"><p lang="en" dir="ltr">I’m pleased to announce an increase in prize money for all <a href="https://twitter.com/BCCI?ref_src=twsrc%5Etfw">@BCCI</a> Domestic Tournaments. We will continue our efforts to invest in Domestic Cricket – which is the backbone of Indian Cricket. Ranji winners to get ₹5 crores (from 2 cr), Sr Women winners ₹50 lacs (from 6 lacs)&#55356;&#56814;&#55356;&#56819; <a href="https://t.co/Cgpw47z98q">pic.twitter.com/Cgpw47z98q</a></p>— Jay Shah (@JayShah) <a href="https://twitter.com/JayShah/status/1647588293088018432?ref_src=twsrc%5Etfw">April 16, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[MenInG]

The BCCI has decided to "waive off" one match from its media rights agreement (MRA) with Star India, amounting to Rs 78.90 crore. The MRA for the 2018-2023 cycle which ended on March 31 had an "indicative schedule" of 102 games at a value of Rs 6138.1 crore but the BCCI ended up organising 103 matches in the five-year cycle. "It has been resolved to waive off (one) match from the scope of Star India Private Limited under the BCCI-Star Media Rights Agreement dated 5th April 2018 for BCCI International and Domestic Matches. The total number of matches during the rights period has now been reduced from 103 to 102," read a BCCI note.

However, sources close to Star India say as per the MRA signed in 2018, the board was expected to organise 102 matches, so the scenario of waiving off one match fee should not arise.

"The MRA had 102 games and Star will pay for those matches. I don't see an issue here," a source told PTI on Monday.

Star had bid different amounts per game for different years in the previous cycle: Rs 46 crore per game for 2018-19, Rs 47 crore per game for 2019-20, Rs 46 crore per game for 2020-21, Rs 77 crore per game for 2021-2022 and Rs 78.90 crore per game for 2022-23.

As per sources, Star had asked for waiver of Rs 139 crore due to the rescheduling of few games after the outbreak of COVID-19 in 2020.

Considering that the media rights for the 2023-2027 are up for grabs and Star will be expected to bid alongside Viacom 19 and Sony, the BCCI has decided to waive off Rs 78.90 crore from the previous media rights value.

The board will have high expectations for the home season rights after making windfall gains of Rs 48,390 crore from the IPL media rights.

NDTV

 

[MenInG]

<blockquote class="twitter-tweet" data-partner="tweetdeck"><p lang="en" dir="ltr">An increase in prize money for domestic tournaments &#55357;&#56399;&#55357;&#56399;<br><br>Take a look at the revised figures of the below-mentioned prestigious domestic tournaments &#55357;&#56637; <a href="https://t.co/FL8IOsjFd1">pic.twitter.com/FL8IOsjFd1</a></p>— BCCI Domestic (@BCCIdomestic) <a href="https://twitter.com/BCCIdomestic/status/1648231019513008129?ref_src=twsrc%5Etfw">April 18, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>