Orissa to get Rs 8 crore from IPL revenues

The cricket board is set to distribute around Rs 200 crore from the 2009 Indian Premier League revenues to 25 of its state associations that take part in the Ranji Trophy and other domestic tournaments conducted by the BCCI. The earnings for the board this time from IPL-2 conducted in South Africa are lower as compared to IPL-1 because of extra expenses incurred due to the shifting of the tournament overseas. The IPL income and expenditure statement and detailed accounts for the 2009 edition would be finalised at its governing council meeting here on September 2. Around Rs 280 crore is the revenue earned from IPL this year out of which 70 per cent would be distributed to the 25 state associations, which works out close to Rs 8 crore for each. The eight IPL franchises have shelled out sums ranging from USD 67 million to 111 million for buying the teams from the BCCI, which are to be paid over a 10-year period. The BCCI has sold the IPL broadcast rights for a nine-year period for close to Rs 8,000 crore to Sony out of which a major portion goes to the franchises which also get a share of the ticket sales from the matches.