BCCI posts Rs 350 crore net profit

The BCCI made a massive Rs 237 crore of profit from the IPL

The BBCI posted a net income of Rs. 350 crore while gross revenue reached Rs 950 crore for the fiscal year 2012-13, according to the Times of India.

In 2011-12, the BCCI, considered the World’s richest cricketing body, enjoyed a profit of Rs 382 crore.

Board treasurer Ravi Savant, talking on Thursday following the BCCI’s finance committee meeting, said that the figure would stand “provided there is no tax (levied on the amount).”

“The finance committee passed the accounts and they will be placed before the Board’s working committee that should be meeting in the first week of September,” he said.

Savant said that the profit from Indian Premier League was Rs 237 crore. He also informed the media that revenue was likely to fall in the following year.

“The coming year will see a dip in revenue (from broadcast rights) as we are not hosting many international games apart from the ODI and T20 matches against Australia (in October-November),” Savant said.

India will host Australia from October 10th to November 2nd, playing 7 one-day-internationals and one T20 match. They are scheduled to tour South Africa and New Zealand followed by Asia Cup and World T20 Bangladesh.