Mumbai:Despite the global economic downturn, a financial bonanza awaits the affiliates of the Cricket Board with each association expected to receive on an average Rs 20 crore from the parent body as its share of the financial spoils.
"The figure is around Rs 20 crore for each association for 2008-09 which is projected to increase next year to Rs 24-28 crore as per budget estimates. All this will have to be passed at the AGM," Cricket Board sources said on Thursday after its Working Committee meeting.
Finance Committee Chairman Rajiv Shukla had yesterday informed reporters after the panel's meeting that the Board's profits have taken a dip because of curtailment of the England tour and the cancellation of the visit to Pakistan in the wake of the November 26 terror attacks on the financial capital.
The Board's revenues also got a hit because of the cancellation of the Champions T20 League for the same reason.
It is not known how much is the dip in the Board's profits for 2008-09, which would be clear at its 80th Annual General Meeting next month.
The Board made a surplus of Rs 33 crore in 2005-06 which increased dramatically to Rs 231.65 crore in 2006-07 and Rs 303.15 crore in 2007-08 as per the Treasurer N Srinivasan's report tabled at the 79th AGM of BCCI last year.