BCCI To Earn 13 Times More Than What It Currently Receives From ICC Revenue
The Board of Control for Cricket in India "will get to earn 13 times more than what it currently gets from the International Cricket Council's gross revenue," according to Vijay Tagore of the MUMBAI MIRROR. After Rs 300 crore ($50.2M) was accrued into the BCCI account during the last eight years, the Indian board will earn over Rs 4000 crore ($672M) during the eight-year period starting in '15. Subsequently, the ICC "devised a formula which allows the Indian board to earn 22 per cent of the gross ICC revenue and further four per cent from its profits." BCCI Secretary Sanjay Patel said, "We wish to divert those funds for the development of infrastructure in the country and for the benefit of the players." After the current cycle of the Future Tours Programme, which ends in '15, India "will be playing more matches at home and there will be at least 40-50 days of international cricket in India every year" (MUMBAI MIRROR, 7/2).