Rs. 4,900 crore: BCCI's expenses in the next few years
The BCCI is one of the richest sporting bodies in the world and with the new IPL deal stuck with Star Network, the board's profits will keep on rising. However, the Indian cricket body will also have a massive amount of cash outflow because of its cash rich league. According to reports, the board will have to spend Rs. 4900 crore. Here's more!
Legal cases to cost BCCI
Most of BCCI's expenses pertain to legal cases. Rs. 2420 cr is expenses related to all the Enforcement Directorate cases regarding the 2009 IPL in South Africa. Rs. 1250 cr will be spent on other legal cases including the long standing tussle with Kochi Tuskers. BCCI could also incur additional expenses because of arbitration proceedings with former IPL franchise Pune Warriors and Deccan Chargers.
BCCI to pay over Rs. 1100 cr in taxes
The BCCI will also pay a whopping Rs. 540 cr in income tax and Rs. 600 cr in service tax. Rs. 90 cr will be spent on sales tax and Rs 52.54 cr is the fine imposed by the Competition Commission of India, last week. Despite the board's deep pockets, the outflow of cash is quite sizable even for the richest sport body.
IPL set for new revenue sharing model
Revenue model of IPL is set to change in 2018. BCCI sold media rights of the IPL to Star India for Rs. 16,000 cr for next 5 years which will be divided 50:50 by the board and franchises. Despite that, BCCI has enough money to deal with these expenses. The media rights of the national team will also be up for grabs in 2018.