The Board of Control for Cricket in India in its financial projections has attributed 95% of revenue surplus to the Indian Premier League. The other fixtures – international and domestic clubbed together – will contribute a mere five per cent to the net revenue surplus projected for in the upcoming financial year.
These projections indicate that the 45-day IPL window will earn over 1,600% more than the remaining 320 days’ total revenues during the year. According to the projections, the BCCI’s net surplus from the IPL alone will be ₹2,017 crore – up from ₹400 crore in the last financial year. An unprecedented surge in the IPL media rights value has led to this more than 500% rise in net profits from IPL. Star Indian had acquired the IPL media rights for ₹16,437.5 crore for a five-year cycle (2018-2022), which amounts to a whopping ₹54.5 crore per match or ₹3,287.5 crore per annum.
The rest of the board’s operations from international and domestic fixtures are projected to contribute a net revenue of ₹125 crore. BCCI’s total net surplus during the next financial year will thus amount to ₹2,142 crore. The BCCI is projected to spend an approximately ₹1,272 crore against its gross revenue of ₹3,413 crore, according to a Times of India report.
The projected IPL surplus is up from current years targets of ₹670 crore, which is approximately 60% of BCCI’s net surplus for the year.
The changing financial scenario has altered the IPL:BCCI allocation ratio to 80:20 from 52:48. The projections also indicate a sharp fall in board’s administrative and establishment expenditure, which are tipped to come down to ₹19 crore from ₹51 crore in the current financial year. As the Future Tours Programme has a decline in home series, there will be a marginal drop of ₹5 crore in the surplus income from the Men in Blues’ international tours. The board on account of the FTP will register ₹78 crore from media rights gross income alone.
NO TESTS IN NZ, 2 AT HOME
India is scheduled to play a total of 12 Tests during the projection period. These include only two Tests at home against the touring West Indians, while India’s tour of New Zealand later this year will have no Test matches.
India will play 10 international matches each in Australia (4 Tests, 3 ODIs, and 3 T20 internationals) and New Zealand (five ODIs and five T20Is). India had played just two Tests and five One-Day Internationals last time when they visited New Zealand in 2014.
“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. India will host Australia after they come back from New Zealand and will travel to Zimbabwe for three T20Is before the 2019 IPL,” Times of India has quoted an anonymous BCCI official as saying.
Media rights revenue for each international fixture is projected at ₹43.20 crore. BCCI will be expecting another windfall as media rights for India’s domestic and international fixtures, currently held by Star India, come up for renewal in April.