The Telegraph
Saturday , March 1 , 2014
CIMA Gallary

Windfall for affiliates

Calcutta: The structural changes at the International Cricket Council (ICC) is all set to trigger a financial windfall with the Board of Control for Cricket in India (BCCI) getting a much enhanced share of the revenue — 21 per cent as opposed to the old arrangement of 4 per cent.

At the working committee meeting in Bhubaneswar on Friday, it was also decided that the enhanced revenue would be distributed among the affiliates of the BCCI.

The Telegraph learns that each playing association of the BCCI will get an increase of at least Rs 15 crore annually once the new structure is in place in June at the ICC.

The BCCI’s affiliates (barring the Institutional bodies and non-playing members) now get a minimum of about Rs 24 crore annually from the parent body. The details were spelt out during the meeting on Friday.

“According to my estimate, within this period (2015-23) of eight years we will get around $600 million,” BCCI secretary Sanjay Patel said in Bhubaneswar. “I am pleased to announce instead of four per cent share, BCCI will now get 21 per cent. During 2015-23, BCCI’s expected gross revenue will be close to $2.75 to 3 billion,” he said.

Among those who attended Friday’s working committee meeting was Cricket Association of Bengal (CAB) joint secretary Subir Ganguly. “As an affiliate, we are happy as we will be getting a bigger share of the financial benefits available to the members,” said Ganguly.