Where's the BCCI's money going?
The BCCI may be the richest cricket body in the world but 70% of the money they earn from television rights goes to its member boards, Nikhilesh Bhattacharya reports in the Hindustan Times
Dustin Silgardo
25-Feb-2013
The BCCI may be the richest cricket body in the world but 70% of the money they earn from television rights goes to its member boards, Nikhilesh Bhattacharya reports in the Hindustan Times. The BCCI does not have any control over how the state boards spend that money and, according to HT, a lot of the money is wasted on building stadiums that cannot even be used to host international games.
The TCA has a bank balance of more than Rs 55 crore. The plan is to build a stadium near the Agartala airport and expand the facilities at the MBB Stadium and convert it into an academy for the Northeast. Land in both locations has been leased to the TCA for 20 years. The budget is "Rs125-130 crore for the two projects", says Ganguly. While the academy makes sense, the international stadium does not. Agartala does not even have the kind of hotels required to accommodate international teams.
Dustin Silgardo is a former sub-editor at ESPNcricinfo