Budget 2018-19

  Bid price for IPL's media and digital rights expected to double to Rs 32,694 crore in 2023 It will be raining money for the Board of Control for Cricket in India (BCCI), the country’s apex cricketing body, as two new team franchises of the Indian Premier League (IPL) go under the hammer on Monday. The new owners will be declared in Dubai by the end of day. According to estimates, BCCI is expected to rake in an additional Rs 5,000-7,000 crore from the sale of the two new IPL teams , apart from an additional Rs 450 crore plus from its share of broadcasting and sponsorship revenues in 2022. That’s because the number of matches in the tournament will go up from 60 to 74 next year (due to the number of teams going up from eight to 10). Disney+Hotstar has to fork out Rs 54.5 core per match for beaming and streaming the live matches. But the big bonanza for both BCCI as well as the franchisees – both new and old – will come from 2023, when the media and digital rights o...

  On an average the BCCI earns Rs 67 crore from every match broadcast. It earned Rs 4,000 crore from the IPL in 2020 and was expected to earn a similar amount this time The Board of Control for Cricket in India (BCCI) on Tuesday finally called off the Indian Premier League (IPL) 2021 indefinitely after players and support staff of various franchises tested positive for Covid. The cancellation of the league, the biggest money spinner for the BCCI, which in turn is the biggest contributor to the finances of IPL teams, could be a big financial setback for both. According to the BCCI, it earned Rs 4,000 crore from the IPL in 2020, when the tournament was held in the United Arab Emirates (UAE) without crowd attendance.  IPL 2021 , which was also held in a similar bio bubble and purely on a broadcast platform, was expected to bring in the same amount of money for the BCCI. On an average the BCCI earns Rs 67 crore from every match broadcast. However, with 31 matches in the 60-match t...

Senior CPI(M) leader Ashok Bhattacharya’s statement that former Indian cricket captain Sourav Ganguly, who suffered a heart attack, was under pressure to join politics created a storm Bhattacharya’s statement that BCCI president and former Indian cricket captain Sourav Ganguly, who suffered a heart attack and is now hospitalised, was under pressure to join politics created a storm on Sunday. Speculations were rife that the former batting great will join the BJP ahead of the state assembly elections due in April-May this year. But Ganguly himself never made his intentions quite clear about taking the political plunge. He underwent angioplasty after a “mild” heart attack on Saturday. He is under treatment in a private hospital in Kolkata. “Some people wanted to use  Saurav Ganguly  politically. That probably exerted pressure on him. He is not a political element. He should be known as Sourav the sporting icon,” Bhattacharya, the BCCI presidents longtime family friend, said. ...