In addition, the Board of Control for Cricket India (BCCI) has made investments worth nearly Rs.7.5 billion ($190 million; 93.5 million pounds) and its 'current assets, loans and advances' stand at almost Rs.2.1 billion ($53 million; 26.2 million pounds), as per its 2006-2007 annual report, a copy of which is with IANS.
It’s the Board of Control for Cricket In India or BCCI. BCCI is one of those bodies which have made India proud and even more renowned in the world by way of best management of Indian Cricket. The worth of the fixed assets has shot up from Rs.16.3 million ($416,007; 204,657 pounds) during the previous fiscal year. googletag.display('CRINXT_ENG_DESKTOP/CRINXT_ENG_NEWS/CRINXT_ENG_NEWS_AS/CRINXT_ENG_NWS_AS_ROS_BTF_728');
Income from grant of media rights alone stood at Rs.3.1 billion ($80 million; 39.3 million pounds). CAknowledge - CA, CS, CMA, Income Tax, GST, Banking 2019.
2.59 Crore per match to BCCI.
A report by management consultancy firm KPMG puts the total impact of IPL 2015 on the Indian economy at Rs 1,150 crore, more than 0.6 % of the country’s GDP,” states the report. }); Out of its total assets of Rs.9.6 billion, the board has 'fixed assets' of Rs.71 million ($1.8 million; 891,268 pounds) at the end of the 2006-2007 fiscal year.
After the IPL was launched in 2008, many other sports have started such leagues. With the contribution of its former president Jagmohan Dalmiya, the arrival of the Indian Premier League in 2008 and the immense fan base in India to make it a massive success, BCCI became the richest cricket board in the world. “According to the Broadcast Audience Research Council of India, the total TV viewership of IPL 2016 calculated by impressions stood at 102 crores. Look at how Vivo (mobile company) has become a house-hold name after becoming the title sponsor of the league. The T – 20 or 20 – 20 format has made cricket fast paced, entertaining form of sports and has opened up other avenues to earn income.
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We look ahead to see the Board of Control for Cricket in India (BCCI) earning more income and making more name in the years to come. “The IPL’s been a sure-shot hit on the field and off it too. Sony and Star Sports the leading media channels are also in the run for the rights to be obtained. The Department of Revenue has asked the BCCI to pay another outstanding income tax worth Rs 1,303 crore, according to details submitted by the Finance Ministry in Parliament in February, 2019. 1,079 Crores. It was the first time that World Cup was being hosted outside England.
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