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In an interview Lalit Modi says:
So there's you know a lot of people making a lot of money off the IPL, but you're not one of them?
No I'm not one of them, unfortunately not.
Why not?
Well, I do this in an honorary position and BCCI is a charity and a trust. It's a non-profit making organization and we do this for development of the game and I'm passionate about the game. And we do this so that the people in India can enjoy the facilities and we can build a great cricketing culture and we can have great facilities for our players.
--- BCCI is a CHARITY and Non-PROFIT? That's the biggest load BS I have heard in a long long long time!