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IPL : fell good to all in income.
May 30th, 2008 · No Comments
As per news publish in TOI.
The biggest gainer, BCCI - which is projected to rake in a profit of Rs 350 crore from IPL in the first year itself. This would be more than BCCI’s profit for year 2007.
Set Max, too, a winner on its hands. The channel’s revenue marketshare has risen from a pre-IPL level of 5.7% to 28.8%, its share of prime time has gone up to 29%, higher than the cumulative marketshare of the top nine Hindi general entertainment channels.
IPL’s success has also rubbed off on the franchisees. teams like Jaipur, Kolkata and Mohali, which have not spent much on franchisee fees, are likely to break even in the first year itself.
Kolkata Knight Riders is projected to make an operating profit of Rs 15 crore due to its huge earnings from local sponsorship, amounting to Rs 32 crore, and gate ticket sales of Rs 20 crore.
Team Jaipur will also be making a profit of Rs 10 crore. This is mainly because it bid a mere Rs 27 crore as the annual franchisee fee, almost half the sums bid by the UB group for Bangalore and by Reliance for Mumbai.
For deail click :
http://ipl.timesofindia.indiatimes.com/IPL_doubles_BCCI_profit/articleshow/3084001.cms
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