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MUMBAI: The International Cricket Council has earned $321.2
million from the successful 2011 ICC Cricket World Cup that
was staged in the Indian sub-continent, reinforcing its dependence
on the tentpole property for its revenues.
In
comparison, the ICC had earned $105.1 million from the ICC
World Twenty in 2010.
The
ICC had sold the global broadcast rights to ESPN Star Sports
till 2015 for $1.1 billion. As per the deal, ESS got the telecast
rights for 18 ICC tournaments, including two World Cups and
five T20 World Cups.
Though the major portion of ICC's 2011 World Cup revenues
were from the sale of the broadcast rights, it also got income
from ten sponsors that included Hero MotoCorp, Pepsi, Emirates,
LG, Reliance Communications, Reebok, Castrol, Hyundai and
MoneyGram.
The
ICC’s total revenue for the year stood at $353.8 million,
up from $134.9 million in 2010.
The
revenue from the World Cup pushed the world cricket governing
body's surplus to $203.8 million for the year ending 31 December
compared to $76.1 million in the year ago period. The World
Cup takes place every four years.
It
must noted that the ICC had got a Rs 450 million tax exemption
from the Indian government on a part of its income arising
in India from the ICC CWC.
Its
subscription income went up from $21.9 million in 2010 to
$24.1 million. Subscription income is the amount ICC’s
Full Members (Test playing nations) pay every year to fund
the annual budget of the ICC.
The
ICC’s income from commercial and other activities grew
to $5.9 million from $5.2 million while interest and other
financial income totaled $2.6 million, a slight drop from
$2.7 million that it earned in 2010.
Operating
costs amounted to $149.9 million, up from $58.8 million as
the event cost of $121.9 million for staging the staging the
ICC CWC. The event cost in 2010 stood at $30.2 million, which
went into staging the ICC T20 WC.
General
and administrative expenses relating to the management of
the global game of cricket totaled $28 million, a decline
from $28.6 million in the previous year.
During
the year, member boards were paid dividends amounting to $180
million. In 2010, the amount toted up to $69 million.
Capital
and Reserves amount to $33.6 million (2010: $29.4 million),
represented by Reserves of $29 million (2010: $19.9 million)
and Retained Surplus of $4.6 million (2010: $9.5 million).
The
consolidated financial statements comprise the results of
ICC Development International and its subsidiary companies
ICC Events, International Cricket Council FZ-LLC, IDI Mauritius
Limited and IDI Hungary KFT. The Group is owned by ICC for
the benefit of all its Members.
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