The Board of Control for Cricket in India has become one of the richest sports bodies in the world, its annual income exceeding the turnover of a large number of private companies.
It is raining money on Indian cricket. The Board of Control for Cricket in India, the governing body of the game, will rake in over 50 billion rupees (RM4.1bil) over the next 3 years from the domestic Twenty20 cricket league alone.
The rights to regional teams for the Indian Premier League (IPL) were recently auctioned to a group of industrialists and film stars.
A brand new version of the ‘pyjama cricket’, the IPL will also enrich cricket stars beyond their wildest dreams with remuneration of each Indian and foreign player running into 7 to 8 figures for a 44-day-long championship. Continue reading.