BCCI’s Bank Balance Hits ₹20,686 Crore Milestone in FY 2024

Related Articles

Can Ravichandran Ashwin Play in Overseas T20 Leagues After Retirement?

1 hour ago

Zimbabwe Announce Squad for Historic Boxing Day and New Year’s Tests Against Afghanistan

5 hours ago

Why the UAE is the Likely Neutral Venue for India’s Matches in the 2025 Champions Trophy

6 hours ago

The Board of Control for Cricket in India (BCCI) has achieved an unprecedented financial milestone, with its bank balance soaring to an astounding ₹20,686 crore for the financial year 2024. This marks a significant increase of ₹4,200 crore compared to the previous fiscal year, according to a report by PTI.

Revenue Breakdown

The BCCI’s impressive growth is primarily attributed to:

1. IPL Media Rights: The Indian Premier League (IPL) remains the cornerstone of BCCI’s financial success. Two years ago, the IPL media rights were sold for an eye-watering ₹48,390 crore for a five-year period.
2. Bilateral Cricket Rights: Revenue generated from India’s bilateral cricket matches also contributes substantially.
3. ICC Revenue Share: As the world’s largest cricket market, India garners a significant portion of the revenue distributed by the International Cricket Council (ICC).

Key Financial Highlights

• FY2023-24 Income: Projected income was ₹7,476 crore, but the actual revenue exceeded expectations, reaching ₹8,995 crore.
• General Fund: Grew from ₹6,365 crore in FY2023 to ₹7,988 crore in FY2024.
• Cash and Bank Balance: Increased from ₹16,493 crore in FY2023 to ₹20,686 crore in FY2024.

Future Projections

• FY2024-25 Revenue: The board expects to generate ₹10,054 crore.
• Expenditure: Budgeted at ₹2,348 crore for the next fiscal year.
• State Associations: The BCCI’s 38 state units will receive annual grants, with budgeted amounts for associations standing at ₹499 crore.

Driving India’s Cricket Economy

The BCCI’s financial prowess underlines its dominance in the global cricketing landscape. With lucrative IPL media deals and strategic management of bilateral cricket rights, the board has solidified its position as a financial juggernaut in world cricket.

This milestone not only reflects the growing popularity of cricket in India but also the board’s efficient monetization strategies. As the BCCI continues to grow, its financial success is expected to further uplift Indian cricket and its stakeholders at all levels.