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Tag: CLT20

  • BCCI reports lower gross media rights income in 2013-14

    BCCI reports lower gross media rights income in 2013-14

    MUMBAI: The annual report of the Board of Control for Cricket in India (BCCI) for the financial year 2013 – 14 shows a decline in gross media rights income as it dipped from Rs 774.24 crore  to Rs 419.38 crore. The honourary treasurer of the board Anirudh Chaudhry blamed lack of international action in India for the dip in media rights income. During the year of consideration, the annual gross receipts from international tours was Rs 193.52 crore as against the Rs 216.02 crore in the previous year.   

     

    BCCI’s million dollar baby Indian Premier League (IPL) did not disappoint the treasurer. Gross receipts from IPL 2013 were Rs 1194 crore as against Rs 892 crore of previous year. 

     

    The treasurer said, “This is because the receipts from IPL media rights income have gone up from Rs 556 crore to Rs 844 crore and the franchisee consideration has gone up marginally from Rs 460 crore to Rs 502 crore.”

     

    The rights income from Champions League has also gone up, as a substantial hike from Rs 278.88 crore to Rs 327.50 crore was registered. 

     

    Receipt from ICC share of distribution remained at Rs 32.26 crore. There is a reasonable increase in interest income from Rs 85 crore last year to Rs 120 crore for the year of consideration. “This is mainly because of better treasury operations in getting better-negotiated interest rates for the short term deposits and efficiency of operations,” said Chaudhry.

     

    In the year under consideration, the expenses on cricketing operations went down marginally from Rs 551.17 crore to Rs 516.83 crore. The provision for gross revenue share payable to the players has gone down from Rs 48.57 crore to Rs 11.02 crore. “This is because of the lesser media rights income. From 2013-14, the Board decided that all the common expenses, which are not allocable to any specific tournament would be apportioned on the basis of revenue generated by IPL, CLT20 and BCCI’s international tours. This will reflect more accurately the income generated from these activities of Board,” said Chaudhry. 

     

    In the year under consideration, the surplus of income over expenditure was Rs 526 crore as against Rs 319 crore in 2012-13, before any appropriation. In the current financial year 2014-15 the budgeted surplus is estimated at Rs 391 crore. 

     

    During the year four finance committee meetings were held. The following decisions were taken during the year: 

     

    · The Board awarded the Team Sponsorship contract for the period from 1 January 2014 till 31 March 2017 to Star India. 

     

    · Star India was awarded the title sponsorship for the limited period from October 2013 to December 2013 in which two series i.e., India versus Australia and India versus West Indies were played. 

     

    · The back office of the honorary treasurer was set up in Chennai from 1 April, 2014 and the coordinating office of honorary treasurer was established in New Delhi. 

     

    · The allowances and fees payable to support staff accompanying the senior team, A team, under 19 team, junior team and women’s team were revised.

     

    · Under the scheme of One Time Benefit to former players, an amount aggregating to Rs 1.55 crore was paid during the year under consideration. 

     

    · Under the infrastructure subsidy scheme, the member units have claimed Rs 764.03 crore till 31 March, 2014, including subsidy for ground equipment. 

     

    · During the year, Board invoked the Bank Guarantee given by Sahara Adventure Sports (Pune Franchisee) to recover the balance franchisee consideration of Rs 133 crore. 

     

    · During the year, as per the order of Supreme Court of India, the three bankers of Nimbus, who had provided the Bank Guarantees of Rs 1600 crore together and who had not honored the invocation of the Bank Guarantees by the Board and had challenged the invocation, paid Rs 400 crore to the Board against an undertaking from the Board that in case the decision goes against BCCI the said amount will be returned along with the applicable fixed deposit interest.

     

    · During the year the team won the ICC Champions Trophy and the Board awarded prize money of Rs 1 crore to every playing member of the team and Rs 30 lakh to every member of support staff. 

     

    · In the last Annual General Meeting, a new Finance Committee was appointed under the chairmanship of Dr. Ganga Raju. The Finance Committee and the Treasurer’s office benefited from the rich experience of Dr. Raju.

  • CL T20 2013 returns to India, to kick-off 17 September

    MUMBAI: The fifth edition of Champions League Twenty20 (CLT20) will be held in India from 17 September to 6 October. The international T20 tournament, which was held in South Africa last year, will return to India for the third time in five years.

    This year, the tournament will once again feature a Pakistan team in the qualifier stage. The English teams, though, will give the tournament a miss as the England Cricket Board (ECB) has expressed that its teams won‘t be able to participate in this year‘s tournament.

    West Indian team Trinidad & Tobago, who were the runners-up in the inaugural edition of the tournament, have earned a direct entry into the group stage this year after playing in the qualifier in 2011 and 2012.

    The format of the tournament will be the same as in two previous editions with a group stage preceded by a qualifier. A total of 29 matches will be played in the tournament.

    “The CLT20 will return to India this year. It will be the third time India will host the tournament in five years, after 2009 and 2011. The competition, which will again feature leading cricketers from across the world and some of the established legends of world cricket, will be watched and followed by equally passionate fans,” says CLT20 Governing Council chairman N. Srinivasan.

    The Qualifier will feature four teams – the fourth-ranked team from the IPL 2013, Otago Volts (New Zealand‘s HRV Cup champions), and the winners of the Sri Lanka and Pakistan domestic T20 competitions.

    The teams will play each other once, with the top two advancing to the group stage. The group stage will feature 10 teams.

    The top team from Group A will play the second-ranked team from Group B, and vice versa, in the semi-finals. The winners of the semis will play in the CLT20 2013 Final on 6 October. The venues of the CLT20 2013 will be decided at the end of the Pepsi IPL 2013, once the top three teams in that tournament are known.

    Group A will comprise the winner and third-ranked team in the IPL 2013, Highveld Lions (winner of South Africa‘s RAM SLAM T20 Challenge), Perth Scorchers (KFC T20 Big Bash League runner-up), and the top team from the CLT20 2013 Qualifier.

    Group B will comprise Brisbane Heat (KFC T20 Big Bash League champion), Trinidad & Tobago (West Indies T20 champion), the runner-up in the Pepsi IPL 2013, Titans (RAM SLAM T20 Challenge runner-up), and the second-ranked team from the CLT20 2013 Qualifier.

  • Karbonn Mobiles gets title sponsorship of Champions League T20 for Rs 150 mn

    Karbonn Mobiles gets title sponsorship of Champions League T20 for Rs 150 mn

    NEW DELHI: ESPN Star Sports, the commercial rights holder of Champions League Twenty20, has got Rs 150 million from handset manufacturer Karbonn Mobiles which has come in as title sponsor of the 2012 edition of the tournament.

    The value of the deal is almost the same as Nokia had paid last year but much lower than Airtel‘s five-year deal for Rs 1.70 billion. Airtel had ended its title sponsorship deal after two years, realising that the Champions League Twenty20 (CLT20) event is yet to catch the fancy of the audiences.

    As part of the new deal, Karbonn Mobiles will have rights to on-ground title sponsorship with all its entitlements. The tournament will now be called Karbonn Champions League Twenty20.

    “We have paid Rs 150 million for the one-year deal,” a source in Karbonn Mobiles said.

    The handset manufacturer is also negotiating with ESS for broadcast sponsorship. Karbonn Mobiles chairman Sudhir Hasija said, “The association with CLT20 is a matter of great pride for Karbonn Mobiles and it gives us a platform to create constructive fan engagement and, thus, generate a buzz around the brand Karbonn and the Brand CLT20.”

    The handset brand is also the associate on-ground sponsor of Indian Premier League (IPL). Karbonn is currently on the negotiating table with BCCI on the deal which expired with season 5 of the IPL.

    ESPN Star Sports is in negotiations to rope in other sponsors for the event. ESPN Software India managing director Aloke Malik said that the tournament this year is likely to draw in more viewership as there will be participation from four IPL teams and teams from Pakistan and Sri Lanka.

    Karbonn will leverage CLT20 sponsorship by utilising the 360 degree communication mix with a focus on TV, print, digital and press.

    For CLT20, Karbonn will extend the ‘Karbonn Smart‘ brand extension offering new range of technologically advanced products along with a complete range of smart-feature phone segment as well.

    The fourth edition of the Champions League Twenty20 will feature a total of 14 teams and 29 matches across four venues – Centurion, Johannesburg, Durban and Cape Town.

    Karbonn Mobiles is looking at investing in sports properties beyond cricket such as hockey and boxing. “We have earmarked Rs 2 billion towards marketing this year,” said Karbonn Mobiles managing director Pradeep Jain.