State units to get Rs 8 crore each from IPL revenues

State units to get Rs 8 crore each from IPL revenues

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"The earnings for the Board this time from IPL-2 conducted in South Africa are lower as compared to IPL-1 because of extra expenses incurred due to the shifting of the tournament overseas," BCCI sources said today.

The IPL income and expenditure statement and detailed accounts for the 2009 edition would be finalised at its Governing Council meeting here on September 2, the sources indicated.

"Around Rs 280 crore is the revenue earned from IPL this year out of which 70 per cent would be distributed to the 25 state associations, which works out close to Rs 8 crore for each," they said.
Normally the BCCI does not distribute its earnings to its affiliated government institutions - Services and Railways - that also take part in the Ranji Trophy, Board sources said.

Also generally excluded from this list are three other BCCI-affiliated units - Association of Indian Universities, Cricket Club of India in Mumbai and National Cricket Club in Kolkata.

The eight IPL franchises have shelled out sums ranging from USD 67 million to 111 million for buying the teams from the BCCI which are to be paid over a 10-year period.

The BCCI has sold the IPL broadcast rights for a nine-year period for close to Rs 8000 crore to Sony out of which a major portion goes to the franchises which also get a share of the ticket sales from the matches.
Meanwhile, the IPL Governing Council had brought to the notice of its franchises, at its meeting held here on August 26, that no player should be paid any extra money than what is due to him when they bought him.

"The IPL Governing Council had taken this decision and it was approved by the BCCI's Working Committee. This has now been conveyed to the franchises owners who have been warned that the franchises as well as the players would face action for any breach of this rule," the sources said.
"No such breach has taken place but this has been done to make sure it does not happen in future too," they said.
For the 2011 edition the IPL would be expanded to include two more franchise teams to make it a 10-team show and any city that has the requisite infrastructure to hold the matches can be bid for and bought to base these two new teams.
"Bids can be placed for owning franchises in cities like Ahmedabad, Kochi, Nagpur or even Pune and Rajkot (which are building new stadiums) which have the necessary facilities to host matches," they said.
Currently the eight IPL franchises represent the cities of Mumbai, Kolkata, Delhi, Hyderabad, Bangalore, Mohali, Chennai and Jaipur.
The IPL has already announced that for IPL 4, in 2011, there would be a players auction some time in the summer of 2010. Existing players too would go under the hammer again and there would not be any icon players.
The players would be contracted for the next three years with the two new franchises also taking part in this auction.

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