PCB spent PKR 1.08 billion on the promotion of the sport in the last three years

[MenInG]

http://www.pakistantoday.com.pk/2017/01/18/pcb-spent-rs1-08-billion-in-past-three-years/

The cricket governing body of Pakistan spent Rs1.08 billion on the promotion of the sport in the last three years.

A report submitted to the Parliament on Tuesday revealed Pakistan Cricket Board’s (PCB) income and expenditures for the previous three years.

As per the report, PCB generated a revenue of Rs10.77 billion allowing the board a profit of Rs 9.69 billion.

Earlier this month, the board reviewed the audit report of the first edition of the Pakistan Super League (PSL) in its governing board meeting. The findings of the report showed the profit earned by PCB estimated to be $2.6 million as well as the amount handed over to the five franchises, which was worth $2 million, leaving the board with $600,000 for itself.

PSL’s first edition, which was held in February 2016 in the UAE, saw five franchises compete for the silverware with Islamabad United crowned as the eventual winners. However, the owners had complained that lack of time for marketing before the event didn’t allow them to generate profits.

Meanwhile, a PCB official told media that this leverage will not be available in the second edition of the cash-rich T20 league. “Earning a profit in the very first edition was a landmark achievement,” said a PCB official. “We are expecting more income in the second edition.”

 

[Arham_PakFan]

How much of those expenses were spent on trips by the PCB officials,and how much money was payed to domestic players?

 

[Zeshan547]

Are these figures for real, if they are then why pcb official keep crying about being bankrupt and keep begging to BCCI. And if expendutre are only 1 billion and earning or profit is 10 billion pkr then where the hell is other 9 billion rupees?

 

[Nil Dhumrojal]

For the promotion of pak cricket or for the promotion of credit of their accounts balances??? If for pak cricket then how can it go so low?!

 

[bala977]

Hmm.

- ECB 2015 revenue is approx. £177m, with a pretax profit of £28m. So the profit is c.15% of revenues. (in other words, you can expect atleast some of the difference of £149m(£177-£28) to be reinvested into the game.)
- BCCI 2014-2015 revenue is approx. £179m, with a profit of c.£18m. Profit margin of approx. 10%. Same logic as above.
- Cricket Australia made £233m in 2015 with a surplus of approx. £60m which is roughly 25%.
- PCB revenue is £77m, and profit is £69m. THAT IS, 90% profit?? Doesn't make sense. How is this even possible? Not questioning the figures, but why are the expenses so low??

 

[MightyObnoxious]

Hmm.

- ECB 2015 revenue is approx. £177m, with a pretax profit of £28m. So the profit is c.15% of revenues. (in other words, you can expect atleast some of the difference of £149m(£177-£28) to be reinvested into the game.)
- BCCI 2014-2015 revenue is approx. £179m, with a profit of c.£18m. Profit margin of approx. 10%. Same logic as above.
- Cricket Australia made £233m in 2015 with a surplus of approx. £60m which is roughly 25%.
- PCB revenue is £77m, and profit is £69m. THAT IS, 90% profit?? Doesn't make sense. How is this even possible? Not questioning the figures, but why are the expenses so low??

Because they don't spend on anything. Just player salaries and cost of hosting intl cricket plus officials and headoffice and maintenance. Other than, that not much. I mean, the way domestic players travel and eat is enough indication that money is not being spend.

 

[Napa]

Hmm.

- ECB 2015 revenue is approx. £177m, with a pretax profit of £28m. So the profit is c.15% of revenues. (in other words, you can expect atleast some of the difference of £149m(£177-£28) to be reinvested into the game.)
- BCCI 2014-2015 revenue is approx. £179m, with a profit of c.£18m. Profit margin of approx. 10%. Same logic as above.
- Cricket Australia made £233m in 2015 with a surplus of approx. £60m which is roughly 25%.
- PCB revenue is £77m, and profit is £69m. THAT IS, 90% profit?? Doesn't make sense. How is this even possible? Not questioning the figures, but why are the expenses so low??

Where are these figures from? BCCI's revenues seems too low.

 

[Syed1]

Since PCB is a public organization shouldn't we have an account of every ruppee spent by it and not just a blanket statement like "Rs1.08 billion on the promotion of the sport in the last three years".

What promotion activities were undertaken? What was the benefit of these activities?


Obviously all this "promotion" business is just a farce for all the money pocketed by the PCB higher-ups and bureaucrats.

 

[bala977]

Where are these figures from? BCCI's revenues seems too low.

* ECB - https://www.ft.com/content/3d950400-fa4d-11e4-aa42-00144feab7de
* BCCI - No single source, but if you dig around patiently, you will find that the revenue for 2015 was 1500 crores. And the operating income can be found here - https://en.wikipedia.org/wiki/Board_of_Control_for_Cricket_in_India
* CA - https://en.wikipedia.org/wiki/Cricket_Australia. Go to finances section
* PCB - this post

 

[bala977]

* ECB - https://www.ft.com/content/3d950400-fa4d-11e4-aa42-00144feab7de
* BCCI - No single source, but if you dig around patiently, you will find that the revenue for 2015 was 1500 crores. And the operating income can be found here - https://en.wikipedia.org/wiki/Board_of_Control_for_Cricket_in_India
* CA - https://en.wikipedia.org/wiki/Cricket_Australia. Go to finances section
* PCB - this post

This gives a good summary as of 2012 - http://indiatoday.intoday.in/story/...-earner-amongst-10-test-nations/1/279334.html

 

[Pakpak]

Hmm.

- ECB 2015 revenue is approx. £177m, with a pretax profit of £28m. So the profit is c.15% of revenues. (in other words, you can expect atleast some of the difference of £149m(£177-£28) to be reinvested into the game.)
- BCCI 2014-2015 revenue is approx. £179m, with a profit of c.£18m. Profit margin of approx. 10%. Same logic as above.
- Cricket Australia made £233m in 2015 with a surplus of approx. £60m which is roughly 25%.
- PCB revenue is £77m, and profit is £69m. THAT IS, 90% profit?? Doesn't make sense. How is this even possible? Not questioning the figures, but why are the expenses so low??

When our board is making 70 odd million pounds, yet the average domestic player is being paid tops 200 pounds. Makes my blood boil.

 

[Syed1]

When our board is making 70 odd million pounds, yet the average domestic player is being paid tops 200 pounds. Makes my blood boil.

Bhai foreign medical treatment is expensive. Samjha karo..

 

[Deewana Mastana]

Most of that money would have gone in the pockets of all the incompetent people working under this joke of an organistation called the "PCB".

 

[soso_killer]

[MENTION=93712]MenInG[/MENTION] can we please make it a standard here on PP to use the US dollar as a reference regarding all financial articles. Even the British Pound will do.
Thanks.

 

[Tekcirc]

Hmm.

- ECB 2015 revenue is approx. £177m, with a pretax profit of £28m. So the profit is c.15% of revenues. (in other words, you can expect atleast some of the difference of £149m(£177-£28) to be reinvested into the game.)
- BCCI 2014-2015 revenue is approx. £179m, with a profit of c.£18m. Profit margin of approx. 10%. Same logic as above.
- Cricket Australia made £233m in 2015 with a surplus of approx. £60m which is roughly 25%.
- PCB revenue is £77m, and profit is £69m. THAT IS, 90% profit?? Doesn't make sense. How is this even possible? Not questioning the figures, but why are the expenses so low??

PKR 1.08 billion = $10 million or about 7.7 million pounds not 77 million pounds! Maths got screwed up here.

Anyway the profit margin would put all the greatest business minds to shame. something is really off.

 

[Syed1]

[MENTION=93712]MenInG[/MENTION] can we please make it a standard here on PP to use the US dollar as a reference regarding all financial articles. Even the British Pound will do.
Thanks.

It is the era of Google, you can easily convert the amount. As a handy frame of reference, just divide the amount in Pakistani ruppees by 100 and you would roughly get the US dollar amount.

 

[Pakpak]

PKR 1.08 billion = $10 million or about 7.7 million pounds not 77 million pounds! Maths got screwed up here.

Anyway the profit margin would put all the greatest business minds to shame. something is really off.

You're mistaken. Please read the article.

As per the report, PCB generated a revenue of Rs10.77 billion allowing the board a profit of Rs 9.69 billion.


PCB revenue was 10 billion, about 70 million pounds. Out of that they spent PKR 1 billion i.e. 7 million pounds on promotion of the sport.

 

[Tekcirc]

You're mistaken. Please read the article.

As per the report, PCB generated a revenue of Rs10.77 billion allowing the board a profit of Rs 9.69 billion.


PCB revenue was 10 billion, about 70 million pounds. Out of that they spent PKR 1 billion i.e. 7 million pounds on promotion of the sport.

oops Sorry , My bad!!

 

[Saj]

leaving the board with $600,000 for itself.

I wonder whose pockets that money ended up in.

 

[Napa]

This gives a good summary as of 2012 - http://indiatoday.intoday.in/story/...-earner-amongst-10-test-nations/1/279334.html

Thanks for the link, this is the best summary I have seen of the various boards' finances. I think the years when a country hosts an ICC event like the World Cup, we should see its revenues increase sharply.

 

[soso_killer]

It is the era of Google, you can easily convert the amount. As a handy frame of reference, just divide the amount in Pakistani ruppees by 100 and you would roughly get the US dollar amount.

Yeah I know, it's the laziness in me I guess.
But since this is virtually an international forum i think it would be convenient for everyone to use a standard currency. I'm sure 90-95% of the users on this site are familiar with the US dollar/British Pound.
We'll have to Google every time we see a currency we're not familiar with be it the Australian dollar, Indian Rupees, Zim dollar, South African Rand etc etc which is a bit of an inconvenience.

I personally think it's best practice to have a standard currency and cater for all your users. Anyone can Google, but not everyone can Google efficiently believe me.