The Board of Control for Cricket in India (BCCI) has reported a significant financial upswing, with its bank balance increasing by ₹14,627 crore since 2019. According to reports, the BCCI's bank balance stood at ₹20,686 crore as of last year. This growth is attributed to increased IPL surplus and ICC distributions.
Key Financial Highlights
- Overall Growth: The BCCI's bank balance has risen by ₹14,627 crore since 2019.
- Recent Increase: In the last financial year alone, the BCCI added ₹4,193 crore to its coffers.
- Current Balance: As of the latest report, the BCCI's bank balance stands at ₹20,686 crore.
- General Fund Growth: The BCCI's general fund has also nearly doubled, increasing from ₹3,906 crore in 2019 to ₹7,988 crore in 2024. This represents an increase of ₹4,082 crore.
- Surplus: The BCCI posted a surplus of ₹1,623.08 crore for 2023-24, which is up from ₹1,167.99 crore in the previous year. This increase is mainly due to increased IPL surplus and ICC distributions.
Factors Contributing to Financial Growth
- IPL Surplus: Increased revenue from the Indian Premier League (IPL) has significantly contributed to the BCCI's financial growth.
- ICC Distributions: Distributions from the International Cricket Council (ICC) have also played a crucial role in boosting the BCCI's finances.
- Investment Income: The BCCI's investment income has shown strong performance, with interest income on bank deposits reaching ₹986.45 crore, up from ₹533.05 crore in the previous year.
- Media Rights: While media rights income from international fixtures decreased to ₹813.14 crore from ₹2,524.80 crore in the previous year due to fewer international home matches, the overall impact was offset by other revenue streams.
- Sponsorships: Revenue from title sponsorships and commercial partnerships also contributed significantly. The Tata Group, as the title sponsor of the IPL, contributes ₹500 crore annually.
Financial Planning and Allocations
- Tax Provisions: The BCCI has provisioned ₹3,150 crore towards income tax obligations for FY 2023-24 while continuing to pursue appeals in various tribunals.
- Infrastructure Development: The BCCI has earmarked ₹1,200 crore for infrastructure development.
- Benevolent Fund: An allocation of ₹350 crore has been made for a platinum jubilee benevolent fund.
- Cricket Development: The board has allocated ₹500 crore for cricket development infrastructure.
- State Associations: State associations received ₹1,990.18 crore, with ₹2,013.97 crore projected for the current year.
BCCI's Financial Performance Compared to Other Cricket Boards
The BCCI's financial strength far surpasses that of other cricket boards worldwide. In the financial year 2024, the BCCI's revenue was approximately ₹20,686 crore. In comparison, Cricket Australia's revenue was ₹658 crore, while the England and Wales Cricket Board (ECB) had ₹492 crore in sales.
The upcoming Annual General Meeting (AGM) of the BCCI on September 28 in Mumbai will provide further insights into the board's financial strategies and future plans.
