While money keeps pouring into their coffers through various rights deals, the Board of Control for Cricket in India remains liable to pay a sizeable sum to the tune of Rs 4900 crore to various parties over the course of the next few years, The Times of India reported.
BCCI have to pay as much as Rs 2,420 crore towards cases related to the Enforcement Directorate that has the Board in the dock for discrepancies during the 2009 Indian Premier League season in South Africa.
The Board additionally owes Rs 1,250 crore for various legal cases including their ongoing settlement issues with former IPL outfit Kochi Tuskers.
A further Rs 540 crore has to be paid as Income Tax, while they owe service tax to the tune of Rs 600 crore and sales tax that totals to Rs 90 crore. This is all excluding the Rs 52.54 crore fine that was handed to them this past week by the Competitions Commission of India.
Additionally, the Board in the midst of arbitration proceedings with terminated IPL franchise Sahara Pune Warriors and Deccan Chargers.
The Board remains a cash-rich entity which received a windfall earlier this year after they sold the media rights for the next five years of the IPL to Star India for a massive sum of Rs 16,347 crore.
However, at least half of this sum is sum will go to the franchises, who will from this season on will operate on a 50:50 sharing basis with the BCCI. However, despite this commitment, the Board is believed to have enough resources to manage these expenses. The media rights for the national team is also expected to be sold in the first half of 2018.
