24 September,2016 08:26 AM IST | | PTI
The BCCI made a surplus of Rs 111.83 crore in the last fiscal, a dip of over Rs 55 crore as compared to the previous one, said its Treasurer Anirudh Chaudhry
The BCCI made a surplus of Rs 111.83 crore in the last fiscal, a dip of over Rs 55 crore as compared to the previous one, said its Treasurer Anirudh Chaudhry.
"In the year under consideration, the surplus of income over expenditure was Rs 111.83 crore as against Rs 166.87 crore in the earlier year," stated Chaudhry in his annual report for 2015-16.
"The drop in surplus was mainly due to distribution of additional amount due to associations, additional payments to players and absence of income from Champions League T20 Tournament (that has been scrapped) and in spite of increase in total income as compared to previous year," he stated.
In the current fiscal (2016-17), the budgeted surplus was estimated at Rs 509.13 crore, according to the BCCI treasurer. He has also cited that the expenses on cricketing operations had increased from Rs 311.21 crore to Rs 370.04 crore and the provision for gross revenue share payable to the players had gone up from Rs 10.47 crore to Rs 56.35 crore due to corresponding increase in gross revenue income.
The annual gross receipts at the end of the previous fiscal from men's senior international tours/tournaments had increased to Rs 149.44 crore as against Rs 120.78 crore in the previous year due to increase in international fixtures on Indian soil during 2015-16.
