Nazmul: BCB has FDR worth Tk 900 crore

While many big cricket nations suffered financial loss due to the Covid-19 pandemic, Bangladesh Cricket Board has been one of the few to have very minimal impact, informed its president Nazmul Hasan.

According to the BCB chief, the governing body of cricket in Bangladesh has rather seen an increase in its income.

“The board funds increased and this has been due to its earning. All our sponsors are from the local market, none is from outside Bangladesh. We earn very less [compared to the other cricket boards] but still we have been able to create an FDR [fixed deposit receipt] of Tk 900 crore in the last two terms,” said Nazmul to the media Saturday.

BCB’s major earning comes from selling of the television rights, sponsorships, international series and tournaments.

It also earns when the national perform well in the International Cricket Council and Asian Cricket Council events.

The board also has a good earning from the lucrative domestic T20 tournament, the Bangladesh Premier League.

According to the BCB supremo, the earning from the FDR covers BCB’s major expenditure.

“The board earned around $33m from sponsorships and rights in between 2012 to 2018. While in the last three years, it has been around $29m. It has been possible despite Covid-19. This shows the sponsors and rights holders trusts the BCB and this is very important for us,” Nazmul had said following the BCB Annual General Meeting last month.  

BCB like many other sports organizations in the country used to struggle to meet expenses and take financial aid from the National Sports Council.

But now the BCB runs on its own and at times helps other sports organizations with financial support. 

The BCB had supported 23 sports organizations of the country affected by the Covid-19 pandemic last year with Tk50 lakhs.