BCCI to earn USD 12 million in profit from the T20 world cup
The T20 world cup is going to fetch lots of money for BCCI as well as the Emirates cricket board. It is reported that BCCI will earn 12 million USD from the ICC T20 world cup. Other than BCCI, Emirates Cricket Board where 39 games of T20 world will be held, will earn around 7 million USD. Oman cricket board will fetch around 400000 USD dollars for hosting 6 rounds of matches. All these details of expected earnings were corroborated by the BCCI in the statement to its apex council.
ICC T20 world cup is a huge tournament that will attract huge traction from around the world. As a result of this, it is obvious that it is a high revenue-generating tournament. BCCI in its detailed email to the apex council members released the expected revenue cricket boards will be earning. It said that out of the 7 million revenue to the ECB, 1.5 million will go for hosting, USD 5.5 million will go for the operations, and USD 400000 million allotted to the Oman cricket board for six games Muscat. BCCI also informed that it gave ticketing rights of the tournament in UAE and Oman to ECB and OC and BCCI is expecting that it will fetch a great deal of turnout during this event.
BCCI also said in its email to the apex council members that it will get 12 million in excess as revenue from the T20 World cup and the total cost of the whole tournament hosting is 25 million USD that is less the next year’s T20 world cup in Australia.
As per the email, seen by Cricbuzz: “The BCCI is hosting a major part of this event in UAE, i.e in Dubai, Abu Dhabi & Sharjah. The BCCI is working with the ECB on similar lines. Some of the key pointer’s w.r.t BCCI’s arrangement with ECB is as follows:
1. BCCI is paying ECB a fixed fee of USD 1.5 million (from our host fee of USD 13.5 Million) and operational costs of USD 5.5 million which will be covered by ICC. The total fee payable is USD 7 million.
2. All operational deliverables w.r.t ICC’s requirements will be provided by the ECB
3. BCCI has transferred its ticketing rights to the ECB and all revenues generated out of the sale of match tickets will be retained by the ECB
4. A Local Organizing Committee (LOC) for delivery of this event has been constituted which mainly include staff from BCCI and a few staff from ECB.”
The email further notes: “The BCCI is hosting 6 matches in Muscat. Some of the key pointer’s w.r.t BCCI’s arrangement with ECB is as follows:
1. BCCI is paying OC a fixed fee of USD 400,000.
2. All operational deliverables w.r.t ICC’s requirements will be provided by the OC
3. BCCI has transferred its ticketing rights to the OC and all revenues generated out of the sale of match tickets will be retained by the OC.
4. The BCCI has deployed a team from its LOC in Muscat to oversee the preparation for the event.”
The BCCI also made it clear that its move to shift the tournament to the middle east was made in order to keep in mind the safety and security of the players. “The BCCI discussed the hosting issues with the ICC and had several rounds of deliberations internally. After much thought, it was decided that the safety of players and other stakeholders is of paramount importance, and keeping that in mind, it was best to shift the event to the United Arab Emirates and Oman,” the BCCI secretary Jay Shah wrote in the email.
