BCCI profit surges 928% to ₹1,714 cr in FY16
The world's richest cricket board, Board of Control for Cricket in India's (BCCI) net profit surged 928% year-on-year to ₹1,714.94 crore for the year ended March 31, 2016, a Financial Express report stated. The surge was attributed to ₹603 crore gained from discontinuing the Champions League T20. Further, the board's balance sheet expanded 44.28% to ₹7,847.07 crore during the period.