Dhaka 3:19 pm, Friday, 20 September 2024

This time Bangladesh Cricket Board’s (BCB)focus is on business

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  • Update Time : 05:53:55 am, Monday, 25 March 2024
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Bangladesh Cricket Board (BCB) is now focusing on business. That is why the BCB wants to bring the amendment in the constitution and keep the trade certificate from the councillors. If all goes well, the constitution will be approved at the annual general meeting of BCB on March 31.

 

Not 1000-2000, the financial value of BCB’s assets is around 5000 crores. And that is why the country’s richest sports federation is rushing towards becoming a business.

A year ago, BCB’s assets were Tk 972 crore. In one leap, that wealth has reached 5000 crores in Dhaka. Because BCB got 3736 percent land from Rajuk in Purbachal at nominal price. At the current market price which amounts to 3549 crores. Sheikh Hasina International Cricket Stadium is under construction on this land. BCB has a fixed deposit of Rs 772 crore. Out of this, BCB’s principal deposit is Tk 685 crore. There is a separate deposit of Rs 87 crore for Bangladesh Premier League (BPL). 184 crores in cash and bank accounts. Another Rs 78 crore is expected to be deposited in June. 12 years ago, BCB’s assets were Tk 398 crore.

 

BCB received Tk 137 crore from ICC in 2012. In the current fiscal year, ICC is giving a grant of Tk 238 crore. BCB could have earned much more from sponsorship rights if they had used their brand value properly. BCB’s income from this sector is only Tk 38 crore in 2022-23 season. But a century ago, when Bangladesh’s performance was not in a state to speak of, BCB’s income from sponsorship rights was quite good. In 2011, the income from sponsorship was Tk 10.5 crore.

In 2013, the income from BPL was Tk 39 crore. Only five million rupees were spent! But in 2023, 48 crores came from BPL. And 36 crores have been spent.

 

All calculations of BCB are based on cricketers. However, the salary and allowances of cricketers have increased just like ordinary officials and employees. That too after the cricketers’ movement led by Shakib Al Hasan in 2019. In 2012, the national cricketers received a total annual salary of slightly more than two crores. At this time, BCB had to pay a total salary of 16 crores. After a year, the salary increased.

Article 6.17 of the BCB constitution provides for raising funds from government sponsors, national and international other sources and making risk-free profitable investment of surplus funds to finance the development of cricketers. It is in this paragraph that major changes are introduced. Added to this is the purchase of FDR and prize bonds. In case of necessity taking loan from any Scheduled Bank, opening LC or mortgaging immovable and immovable property as security against any loan or creating charge or taking measures of lien against FDR as security for loan or providing bank guarantee. Apart from this arranging participation in commercial and social activities.

 

Besides, there is a subtle change in clause 6.20. Formation of one or more trusts, companies, societies or foundations. And subject to the approval of the board of directors of any of the shares of BCB, amendments will be raised to allocate them in favor of ex-officio board president, director and chief executive officer.

 

During this period BCB earned a total income of 447 crores. 408 crores may be spent during this period. 200 million taka has been allocated for the Sheikh Hasina Cricket Stadium in Purbachal. Income from BPL next season is estimated at 57 crores, 43 crores from ACC, 28 crores from sponsorship and 17.5 crores from TV rights.

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This time Bangladesh Cricket Board’s (BCB)focus is on business

Update Time : 05:53:55 am, Monday, 25 March 2024

Bangladesh Cricket Board (BCB) is now focusing on business. That is why the BCB wants to bring the amendment in the constitution and keep the trade certificate from the councillors. If all goes well, the constitution will be approved at the annual general meeting of BCB on March 31.

 

Not 1000-2000, the financial value of BCB’s assets is around 5000 crores. And that is why the country’s richest sports federation is rushing towards becoming a business.

A year ago, BCB’s assets were Tk 972 crore. In one leap, that wealth has reached 5000 crores in Dhaka. Because BCB got 3736 percent land from Rajuk in Purbachal at nominal price. At the current market price which amounts to 3549 crores. Sheikh Hasina International Cricket Stadium is under construction on this land. BCB has a fixed deposit of Rs 772 crore. Out of this, BCB’s principal deposit is Tk 685 crore. There is a separate deposit of Rs 87 crore for Bangladesh Premier League (BPL). 184 crores in cash and bank accounts. Another Rs 78 crore is expected to be deposited in June. 12 years ago, BCB’s assets were Tk 398 crore.

 

BCB received Tk 137 crore from ICC in 2012. In the current fiscal year, ICC is giving a grant of Tk 238 crore. BCB could have earned much more from sponsorship rights if they had used their brand value properly. BCB’s income from this sector is only Tk 38 crore in 2022-23 season. But a century ago, when Bangladesh’s performance was not in a state to speak of, BCB’s income from sponsorship rights was quite good. In 2011, the income from sponsorship was Tk 10.5 crore.

In 2013, the income from BPL was Tk 39 crore. Only five million rupees were spent! But in 2023, 48 crores came from BPL. And 36 crores have been spent.

 

All calculations of BCB are based on cricketers. However, the salary and allowances of cricketers have increased just like ordinary officials and employees. That too after the cricketers’ movement led by Shakib Al Hasan in 2019. In 2012, the national cricketers received a total annual salary of slightly more than two crores. At this time, BCB had to pay a total salary of 16 crores. After a year, the salary increased.

Article 6.17 of the BCB constitution provides for raising funds from government sponsors, national and international other sources and making risk-free profitable investment of surplus funds to finance the development of cricketers. It is in this paragraph that major changes are introduced. Added to this is the purchase of FDR and prize bonds. In case of necessity taking loan from any Scheduled Bank, opening LC or mortgaging immovable and immovable property as security against any loan or creating charge or taking measures of lien against FDR as security for loan or providing bank guarantee. Apart from this arranging participation in commercial and social activities.

 

Besides, there is a subtle change in clause 6.20. Formation of one or more trusts, companies, societies or foundations. And subject to the approval of the board of directors of any of the shares of BCB, amendments will be raised to allocate them in favor of ex-officio board president, director and chief executive officer.

 

During this period BCB earned a total income of 447 crores. 408 crores may be spent during this period. 200 million taka has been allocated for the Sheikh Hasina Cricket Stadium in Purbachal. Income from BPL next season is estimated at 57 crores, 43 crores from ACC, 28 crores from sponsorship and 17.5 crores from TV rights.