Did they actually make money in IPL?

SPOTLIGHT


As the year draws to a close, curiousity over who mademoney in IPL season 2 remains. Interestingly each one of the eightsides reportedly made profits which is a considerable improvment overseason 1 when only Rajasthan Royals, Kolkata Knight Riders and ChennaiSuper Kings made a profit. But this is contrary to popular perceptionwhich said that all the teams would lose money because the event wasstaged in South Africa. But the figures revealed tell a differentstory.
The broadcasting revenues were directed to a central pool, 40% ofwhich went to IPL itself, 54% to franchisees and 6% as prize money.The money will be distributed in these proportions until 2017, afterwhich the share of IPL will be 50%, franchisees 45% and prize money5%. The IPL signed up Kingfisher Airlines as the official umpirepartner for the series in a Rs. 106 crore (1.06 billion) deal.Rajasthan Royals made a profit of Rs 35.1 crore while KKR made aprofit of Rs 25.8 crore; Kings XI Punjab Rs 26.1 crore. It is stillnot known how much each franchisee was subsidised by the BCCI andwhether those claims have been entertained or not. As far astransparency is concerned, it still leaves a lot to be desired. Butthat has not been one of BCCI's virtues anyway. Here is the break upfor each franchise:
(Profit/Loss - (Rs Crore)
MUMBAI INDIANS
a. Broadcasting Rights - 67.5b. Team Sponsors - 24c. other income - 14d. prize money - 0.5
Total Revenues(a+b+c) - 106
a. Franchise Fees - 51.5b. Team Expenses - 20c. other expenses - 27.5
Total Expenses(a+b+c) -99 Net profit - 7
ROYAL CHALLENGERS, Bangalore
a. Broadcasting Rights - 67.5b. Team Sponsors - 24c. other income - 13.5d. prize money - 2.25
Total Revenues(a+b+c) - 107.25
a. Franchise Fees - 51.6b. Team Expenses - 20c. other expenses - 27.5
Total Expenses(a+b+c) - 99.1 Net profit - 8.15
DECCAN CHARGERS

a. Broadcasting Rights - 67.5b. Team Sponsors - 24c. other income - 13.5d. prize money - 4.5
Total Revenues(a+b+c) - 109.5
a. Franchise Fees - 49.2b. Team Expenses - 20c. other expenses - 25.5
Total Expenses(a+b+c) - 94.7 Net profit - 14.8
CHENNAI SUPERKINGS
a. Broadcasting Rights - 67.5b. Team Sponsors - 24c. other income - 18.5d. prize money - 1.2
Total Revenues(a+b+c) - 111.2
a. Franchise Fees - 41.9b. Team Expenses - 20c. other expenses - 27.5
Total Expenses(a+b+c) - 89.4 Net profit - 21.8
DELHI DAREDEVILS
a. Broadcasting Rights - 67.5b. Team Sponsors - 24c. other income - 14.7d. prize money - 1.2
Total Revenues(a+b+c) - 107.4
a. Franchise Fees - 38.6b. Team Expenses - 20c. other expenses - 25.5
Total Expenses(a+b+c) - 84.1 Net profit - 23.3
KINGS XI PUNJAB
a. Broadcasting Rights - 67.5b. Team Sponsors - 24c. other income - 14.3d. prize money - 0.8
Total Revenues(a+b+c) - 106.6
a. Franchise Fees - 35b. Team Expenses - 20c. other expenses - 25.5
Total Expenses(a+b+c) - 80.5 Net profit - 26.1
KOLKATA KNIGHT RIDERS

a. Broadcasting Rights - 67.5b. Team Sponsors - 24c. other income - 18.9d. prize money - 0.4
Total Revenues(a+b+c) - 110.8
a. Franchise Fees - 34.5b. Team Expenses - 20c. other expenses - 30.5
Total Expenses(a+b+c) - 85 Net profit - 25.8
RAJASTHAN ROYALS
a. Broadcasting Rights - 67.5b. Team Sponsors - 24c. other income - 14.2d. prize money - 0.7
Total Revenues(a+b+c) - 106.4
a. Franchise Fees - 30.8b. Team Expenses - 20c. other expenses - 20.5
Total Expenses(a+b+c) - 71.3 Net profit - 35.1
All figures are in Rs. Crores (1 Crore = 10 Million)
Other incomes include gate receipts, in-stadia advertising,merchandise sales, and media tie-ups
Other expenses include stadia fees, travel, stay cost and team promotion
Source: IIFL Research