IPL and media rights set to drive increased surplus at BCCI
The Indian Premier League, the popular Twenty20 cricket competition, will account for 95 per cent of the anticipated surge in the surplus of the Board of Control for Cricket in India in the next financial year, it has been reported.
The BCCI is cashing in on a new five-year global media rights deal for the IPL, with domestic broadcaster Star India signed last September and worth Rs163.5 billion ($2.54 billion).
Projections seen by the Times of India indicate that the BCCI’s surplus from the IPL in 2018-19 will amount to Rs20.17 billion compared to just Rs1.25 billion for international and domestic cricket played in India.
In the current financial year, which ends on 31 March, the IPL is estimated to have contributed Rs4 billion, or 60 per cent of the BCCI’s surplus of Rs6.65 billion.
In all, the net surplus of the BCCI is expected to treble to Rs21.42 billion in 2018-19, driven by IPL 11, which takes place from 7 April to 27 May.
Based on the International Cricket Council’s Future Tours Programme, the BCCI will experience a Rs50-million fall in the surplus for the Indian men’s team’s international tours.
With fewer matches scheduled for the next financial year, media rights income from international matches is expected to fall by Rs780 million.
The BCCI currently earns Rs432 million in media rights revenue from each international fixture, and is preparing to launch the bidding process for India home matches for the 2018-19 season onwards.
The rights are currently held by Star in an expiring deal worth Rs38.5 billion over six years.
India are set to conduct tours of Australia, New Zealand and Zimbabwe and host Australia and the West Indies in series in the next financial year.
Meanwhile, the BCCI has won a trademark infringement case against a company that had been planning to launch a junior Indian Premier League.
The Bombay High Court has banned Grace India Sports Pvt Ltd (GISPL) from using the IPL trademark in any manner whatsoever.
In the order, GISPL has been barred from using the domain names and websites www.ijplt20.com, www.juniorsipl.com and www.ijplth.com “and/or any other trade mark and/or domain name/website containing the BCCI’s said trade mark IPL or any other trade mark identical with and/or deceptively similar to BCCI’s registered trade marks IPL/IPLTwenty20 in respect of the same/similar services and/or goods.”
The BCCI filed a lawsuit and an application for urgent interim reliefs against GISPL last November after learning in August that the company had revived plans to launch an IPL for players aged between 14 and 18 years.
The governing body said it had previously sent a “cease and desist” notice to GISPL in 2016, after which the organisation had stopped its activities.