As per the FY17 Annual Report, @BCCI paid an INTEREST Cost of Rs115 Cr (400% YoY) while itโs INTEREST Income of Rs171 Cr (Fell 2% YoY).
BUT WHY were they paying 171Cr of Interest Costs when they had a CASH BALANCE of 3770 Cr (3560 Cr in FY16) ?
BUT WHY were they paying 171Cr of Interest Costs when they had a CASH BALANCE of 3770 Cr (3560 Cr in FY16) ?
Who Manages #BCCI ?
@SGanguly99 (former Indian Cricket Team Captain) is the president of @BCCI
Mahim Verma is the vice president and #AmitShahs son @JayShah is the secretary of @BCCI
@SGanguly99 (former Indian Cricket Team Captain) is the president of @BCCI
Mahim Verma is the vice president and #AmitShahs son @JayShah is the secretary of @BCCI
BCCI is made up of 38 affiliated members.
BCCI has its own constitution with specified rules and regulations for its players and administrators
BCCI also organizes the domestic cricket competitions which include Ranji Trophy, Irani Cup among others.
BCCI has its own constitution with specified rules and regulations for its players and administrators
BCCI also organizes the domestic cricket competitions which include Ranji Trophy, Irani Cup among others.
The immense fan base in India, winner of 1983 and 2011 world cup among other titles, and introduction of Indian Premier League (IPL) in 2008, all these factors have contributed to the growing net worth of BCCI.
So how BCCI has created such humongous wealth?
The major source of income of BCCI is through sponsorship and broadcasting rights.
(1) The global media rights for IPL is awarded to Star India for Rs. 16,300 Crores for the period 2018 to 2022.
The major source of income of BCCI is through sponsorship and broadcasting rights.
(1) The global media rights for IPL is awarded to Star India for Rs. 16,300 Crores for the period 2018 to 2022.
(2) PayTm was awarded title sponsorship rights for International and Domestic matches for Rs. 326 Crores from 2019 to 2023. PayTm will pay Rs. 3.80 Crores per match to BCCI.
(3) Official Kit sponsorship rights are awarded to Nike for Rs. 370 Crores from 2016 to 2020.
(4) BYJU is the official Indian Cricket Team sponsor for Rs. 1,079 Crores.
(4) BYJU is the official Indian Cricket Team sponsor for Rs. 1,079 Crores.
(5) Hyundai Motors Company, Dream 11 and Ambuja Cement are the official sponsors from 2019 to 2023. Together the three companies will contribute Rs. 2.59 Crore per match to BCCI.
(6) BCCI is also set to receive the largest share in the new revenue model put in place by International Cricket Council (ICC).
BCCI was created in 1984 (Not a typoโฆ. Most things in India are considered to have started in 2014)
On the @BCCI Website, One finds it strange that there does not seem to be a webpage of current & past office bearers of BCCI. Maybe I missed itโฆ
On the @BCCI Website, One finds it strange that there does not seem to be a webpage of current & past office bearers of BCCI. Maybe I missed itโฆ
Finally, for a Regulatory Body that is this Wealthy, Large, Influential, itโs surprising that @BCCI does NOT HAVE AN EMAIL ADDRESS (Contact Us)
One cannot Record any Correspondence with @BCCI
For #Aadhaar & #PAN, you need an #EmailAddress
Heights of #transparency in #NewIndia
One cannot Record any Correspondence with @BCCI
For #Aadhaar & #PAN, you need an #EmailAddress
Heights of #transparency in #NewIndia
I would like to correct one of the #Tweets. Shri #SauravGanguly term as @BCCI president got over in 2022. Shri #RogerBinny has taken over in 2022.
It comes as NO SURPRISE that #BJPs @ianuragthakur was the prestigious #BCCI #President when they stopped publishing Annual Reports
It comes as NO SURPRISE that #BJPs @ianuragthakur was the prestigious #BCCI #President when they stopped publishing Annual Reports
Credit for this Thread goes to ๐
#BCCI despite being the RICHEST Sports Board in India, pays ZERO INCOME TAX on its self owned Commercial Sporting Properties.
But have you ever wondered, does BCCI pay a hefty tax on its Multi-Billion $ IPL franchise?
The answer is, NO. Surprisingly, IPL is not liable to tax.
But have you ever wondered, does BCCI pay a hefty tax on its Multi-Billion $ IPL franchise?
The answer is, NO. Surprisingly, IPL is not liable to tax.
In 2021, Income Tax Appellate Tribunal (ITAT), in an appeal filed by the BCCI upheld the arguments of the sports body.ย It stated that even though it's making money through the IPL, the objective of promoting cricket remains intact and hence its income should be exempt from tax
I would like to correct one of the #Tweets. Shri #SauravGanguly term as @BCCI president got over in 2022. Shri #RogerBinny has taken over in 2022.
ONE WONDERS where @BCCI invests their Money ? Back in FY17, despite having an average Cash Balance of 3700cr, they earned only 175cr of Interest Income 4.7% Rate of Interest. I donโt know how and at what rate & on what Outstanding loan they paid an interest cost of Rs117cr?
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