BCCI’s treasury rose to Rs 9629 crores in last 3 years: Arun Dhumal | Cricket News


MUMBAI: The BCCI, already one of the richest sports bodies in the world, just got richer.
In a note to the members in the BCCI’s Annual General Meeting here on Tuesday as the outgoing BCCI Treasurer, new IPL Chairman Arun Dhumalrevealed that the Board’s treasury has increased by nearly Rs 6000 crore in the last three years.
“When the current team took over the reins of the BCCI in 2019, the BCCI’s coffers had funds of Rs 3648 crores. We are handing over an organization sitting on a treasury of Rs 9629 crores of funds, which is about three times of what we got at the time of our takeover from CoA. This is remarkable in view of the fact that the disbursement to the state associations has seen a jump of almost 5 times; from Rs 680 crores during the CoA tenure to Rs 3295 crores now to the state associations,” Dhumal said in a note.
He pointed to “the e-auction of the broadcast and digital rights of the IPL from the business cycle of 2023-2027, which fetched Rs 48,390 crores, and the valuation of the two new IPL franchises – Gujarat Titans and Lucknow Super Giantswhich was auctioned for Rs 12,715 crores as the two achievements of the BCCI in the current financial year that got the interest of the public, press and the OTT platforms.”
Dhumal also informed the members that the BCCI has succeeded in convincing the Income Tax Tribunal in Mumbai that it “deserves concessional tax treatment under the Income Tax Act.
“Another important milestone was reached in the current financial year in the area of ​​tax litigation. The BCCI has succeeded in convincing the Income Tax Tribunal in Mumbai that it is engaged in activities of public utility and therefore the BCCI deserves special tax treatment under the Income Tax Act. This judgment has the potential to save hundreds of crores every year in tax payments unreasonably levied and collected from the BCCI,” Dhumal said in his note.


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