BCCI is the richest cricket board in the world. BCCI has the responsibility to control cricket in a cricket frenzy country India. BCCI earns great revenues through IPL and from so many bilateral series the country hosts. BCCI has the highest percentage of share in ICC’s revenue with 23%.
In the latest news, the competition commission of India (CCI) imposed a hefty ban of Rs 52.24 crores on the BCCI for indulging in anti-competitive practices concerning IPL media rights and for abuse of dominant position for imposing the restriction that denies access to the market for the organization of professional domestic cricket. The association fined BCCI in 2013 as well.
In a 44-page order, CCI said the penalty of Rs 52.24 crore comes to nearly 4.48 percent of the average of the BCCI’s relevant turnover during the last three financial years. BCCI’s average turnover for three financial years — 2013-14, 2014-15 and 2015-16 is of Rs 1,164.7 crores:
“The assessment of the Commission clearly brings out that the impugned clause in the IPL (Indian Premier League) Media Rights Agreement has been pursued by BCCI consciously to protect the commercial interest of the bidders of broadcasting rights as well as the economic interest of BCCI,” it said.