Hyderabad Cricket Association (HCA) is in for a bonanza, thanks to Star TV network bagging the telecast rights of Indian cricket from 2012-18 valued at Rs. 3,851 crore. HCA, like any other affiliated unit of Board of Control for Cricket in India (BCCI), will be getting its share of Rs.10 crore from the telecast rights.
“This will be the same for all the associations irrespective of whether or not they stage an international match or not,” says N. Shivlal Yadav, BCCI vice-president and also vice-president of HCA.
Shivlal, who attended the Board meeting in Chennai on Monday, informed The Hindu that even for Indian Premier League, the State Cricket Associations will get a similar amount irrespective whether they host any match or not by way of their share in ad revenue and other related subjects.
All this will be apart from the annual BCCI grant which runs into a few crores of rupees for all the State Cricket Associations to spend for development of infrastructure and promotion of sport across their domain. “But it is unfortunate that this time around, HCA might end up in a ‘no loss, no gain’ situation with regard to hosting the four IPL matches since we are already forced to pay Rs.75 lakh to the Visaka Industries (the first sponsor which pumped in money to facilitate start of the construction of Rajiv Gandhi Stadium),” Shivlal said to a query.
“The HCA gets Rs.30 lakh to take care of the expenses for hosting each IPL match. Since we are hosting four it should be a comfortable Rs.1.20 crore. Now, we are left (after paying the Visaka Group) with only Rs.45 lakh which might not just be sufficient to conduct these matches,” Shivlal explained.
“It is an unfortunate situation which we could not avoid. But it is a fact that HCA might not end up making profit from these IPL matches,” Shivlal insisted.
source: http://www.TheHindu.com / News> Cities> Hyderabad / by V.V. Suhrahmanyam / Hyderabad, April 03rd, 2012