BCCI Reports ₹14,627 Crore Earnings in Five Years; IPL Remains Key Driver

The Board of Control for Cricket in India (BCCI) has seen its total bank balance swell to ₹20,686 crore. According to a report by PTI, the board earned ₹14,627 crore over the past five years. In the last fiscal year alone (2023-24), it generated ₹4,193 crore. This financial data was shared with state cricket associations.

In 2019, BCCI's general fund stood at ₹3,906 crore. By 2024, it had increased to ₹7,988 crore, marking a rise of ₹4,082 crore over five years. The annual general meeting (AGM) on September 28 will reveal new financial details.

BCCI's Financial Growth and Tax Provisions

During the 2024 AGM, it was disclosed that BCCI's cash and bank balance rose from ₹6,059 crore in 2019 to ₹20,686 crore. To address tax liabilities for the fiscal year 2023-24, BCCI set aside ₹3,150 crore. Although this matter is under judicial review, funds have been reserved for any potential payments.

Revenue from international cricket matches and media rights decreased in 2023-24. Earnings from international men's cricket tournaments were ₹361.22 crore compared to last year's ₹642.78 crore. Media rights revenue also dropped from ₹2,524.80 crore to ₹813.14 crore due to fewer international matches and the ICC Cricket World Cup 2023.

IPL Revenue and Franchise Fees

BCCI's surplus for 2023-24 reached ₹1,623.08 crore due to IPL earnings and ICC shares, surpassing last year's ₹1,167.99 crore surplus. The IPL generates significant revenue through media rights and title sponsorships. In 2008, title sponsorships fetched an annual fee of ₹50 crore; by 2023, this figure exceeded ₹300 crore annually.

Franchise fees are another income source when new teams join IPL through a bidding process. In 2022, Gujarat Titans and Lucknow Super Giants joined the league, adding ₹12,500 crore to BCCI's coffers.

Interest Income and State Allocations

BCCI earned ₹986.45 crore from bank interest on deposits in contrast to last year's ₹533.05 crore earnings from the same source. For state cricket associations in 2023-24, BCCI allocated ₹1,990.18 crore and provisioned another ₹2,013.97 crore for 2024-25.

An additional allocation includes infrastructure funding of ₹1,200 crore along with a platinum jubilee benevolent fund of ₹350 crores and a cricket development fund of ₹500 crores.

The final match of the ICC Cricket World Cup 2023 was played between India and Australia where Australia emerged victorious against India.