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State units to get Rs 8 crore each from IPL revenues

State units to get Rs 8 crore each from IPL revenues
PTI
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First Published: Fri, Aug 28 2009. 02 47 PM IST
Updated: Fri, Aug 28 2009. 02 47 PM IST
Mumbai: The Cricket Board is set to distribute around Rs200 crore from the 2009 Indian Premier League revenues to 25 of its state associations that take part in the Ranji Trophy and other domestic tournaments conducted by the BCCI.
“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 told PTI today.
The IPL income and expenditure statement and detailed accounts for the 2009 edition would be finalised at its Governing Council meeting here on 2 September, the sources indicated.
“Around Rs280 crore is the revenue earned from IPL this year out of which 70% would be distributed to the 25 state associations, which works out close to Rs8 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 $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 Rs8000 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 26 August, 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.
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First Published: Fri, Aug 28 2009. 02 47 PM IST