BCCI’s bank balance increases by 25% in FY24, stands at INR 20,686 crore

A view of logo of the Board of Control for Cricket in India (BCCI) (Photo by Aniruddha Chowhdury/Mint via Getty Images)

The Board of Control for Cricket in India (BCCI) is the richest cricketing body globally. Its cash and bank balance surged from INR 16,493 crore in FY 2023 to INR 20,686 crore in FY 2024, reflecting an impressive increase of approximately INR 4,200 crore (25.42%).

The BCCI’s revenue streams are driven primarily by the Indian Premier League (IPL) media rights, bilateral cricket rights, and a significant share of the International Cricket Council (ICC) revenue. India, as the largest cricket market in the world, plays a crucial role in generating this income.

In June 2022, the IPL media rights for five years were sold for a whopping INR 48,390 crore. Apart from IPL, the board benefits from partnerships, sponsorships, and grants from global cricket organizations like the ICC and the Asian Cricket Council (ACC).

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BCCI has reviewed progress on the North-East Development Project

During FY 2023-24, the BCCI’s projected income was INR 7,476 crore, but it outperformed expectations by earning INR 8,995 crore. The general fund also experienced significant growth, climbing from INR 6,365 crore to INR 7,988 crore.

These figures were presented during a recent Apex Council meeting, where Treasurer Ashish Shelar praised the board’s financial achievements. He also revealed the budgeted income for FY 2024-25 at INR 10,054 crore, with expenditures set at INR 2,348 crore, resulting in a projected surplus of INR 7,706 crore.

The BCCI’s contributions to its 38 state associations are another key of its financial operations. For FY 2024-25, INR 499 crore has been allocated for annual grants to these associations, while INR 500 crore is reserved for infrastructure subsidies.

The council also reviewed progress on the North-East Development Project, an initiative for enhancing cricketing infrastructure in the region. Despite challenges such as weather and electricity issues, physical progress in various states ranged between 19% and 53%. Photographic evidence showed some improvements, supporting the board’s dedication to developing cricket in previously deprived areas.