MUMBAI: The Bangladesh Cricket Board (BCB) is looking at setting up a television channel to back its proposed T20 league along the lines of the Indian Premier League.

The board, which many analysts feel has diminished in value as a property, plans to launch a franchise-based T20 tournament in the first quarter of next year The BCB expects that this tournament will be able to attract many high profile players from around the world and produce new players within the country.

The BCB will start the process of establishing a television channel, the board said. A committee has been formed to expedite the procedure.

The committee is headed by Media and comunications Committee chairman Mohammed Jalal Yunus. The other members are Dewan Shafiul Arefin and Siraj Uddin Md Alamgir.

MUMBAI: Cricket?s richest body, the BCCI, has made a net profit of Rs 1.9 billion in 2010-11, a 200 per cent increase in its surplus over the previous fiscal.

The net surplus amounted to an increase of over Rs 1.26 billion from 2009-10, including Rs 1.18 billion from the Indian Premier League (IPL).

The BCCI expects a surplus of a little over Rs 2.96 billion for the current fiscal, according to the board?s annual report.

The gross income in 2010-11, amounting to Rs 20.26 billion, has come from media rights (Rs 10.47 billion), sponsorships (Rs 4.34 billion), IPL franchise consideration (Rs 2.89 billion), receipts from International Cricket Council/Asian Cricket Council (Rs 1.05 billion), interest and other incomes (Rs 736.8 million and Rs 766.3 million).

Gross expenditure incurred by BCCI amounted to Rs 18.37 billion. The expenses included payments to franchises (Rs 3.90 billion), TV and infrastructure subsidy to affiliated associations (Rs 2.37 billion and Rs 1.31 billion) and IPL subvention (Rs 2.03 billion).

Hosting of the cricket World Cup won by India cost the BCCI Rs 669.7 million, BCCI said in its annual report.

MUMBAI: The shifting of the second edition of the the Indian Premier League to South Africa has cost the Board of Control for Cricket in India (BCCI) dearly.

Cricket?s richest body suffered a loss of Rs 420 million due to the event, resulting in drop in profits to Rs 212 million in 2009-10.

The BCCI has told the Income Tax Department that the IPL is losing money. The department is seeking to recover tax from the BCCI fully for the assessment year 2008-09. The BCCI has to pay taxes after it lost its tax exempt status.

The department had conducted first survey on the IPL in April last year and followed that with an investigation of IPL franchises. The BCCI made a profit of over Rs 3 billion in 2007-08 on an income of over Rs 10 billion. This was the first time that its income touched this level.

However, BCCI?s income fell by 28 per cent while profit fell by a huge 85 per cent in 2008 as result of the first edition of the IPL. Its surplus dropped to Rs 632 million in 2009-10, which was further worsened by the Rs 420 million loss mentioned earlier.

The profit could drop further as the assessment of income returns of 2009-10 are still pending. The BCCI is yet to submit accounts for the 2010 and 2011 IPL editions to the department. The IT Department gets revenue in the form of tax deducted at source (TDS) on payment to players, coach, umpires, commentators, event managers, besides other professionals.

The BCCI has paid Rs 1.31 billion in taxes for 2007-08 and Rs 1.18 billion in 2006-07.