The Board of Control for Cricket in India (BCCI) has reported a remarkable revenue increase, reaching ₹19,280 crore (approximately $2.28 billion) for the financial year 2023-2024. This figure represents a substantial rise compared to previous years, bolstered primarily by the lucrative Indian Premier League (IPL) and new media rights agreements.
Key Highlights
. IPL Contribution – The IPL alone contributed significantly, with total income from IPL 2023 reported at ₹11,769 crore, marking a 78% increase year-on-year. The surplus from IPL 2023 was ₹5,120 crore, a 116% jump from the previous year.
. Media Rights – A new media rights deal valued at ₹48,390 crore for the 2023-2027 cycle commenced with IPL 2023. This deal included significant contracts with Disney Star and Jio Cinema.
. Sponsorship Revenue – The BCCI also secured new sponsorship agreements worth approximately ₹4,000 crore with companies like Tata Sons and MyCircle11.
. Surplus Growth – The overall surplus for FY23 increased by 38%, reaching ₹3,727 crore as the board managed its finances effectively amidst rising revenues.
Tax Contributions
In addition to its impressive revenue figures, the BCCI paid ₹4,298 crore in taxes for the financial year 2022-2023, showcasing its significant contribution to the economy. This financial success underscores the BCCI’s position as the wealthiest cricket board globally and highlights its pivotal role in shaping international cricket through substantial investments and revenue generation strategies.
