New Delhi: The Board of Control for Cricket in India (BCCI) has reported a remarkable increase in their financial reserves in 2024. BCCI is the richest cricketing body globally and earns its revenue from Indian Premier League (IPL) bilateral cricket media rights, and a major share of the International Cricket Council (ICC) revenue.
In 2022, BCCI sold IPL media rights for a whopping Rs 48,390 crore to Disney Star and Viacom 18 (now JioStar). Disney Star retained the TV media rights in the subcontinent for Rs 23,575 crore while Viacom 18 secured the digital media rights for Rs 23,758 crore. Apart from that, the board also sold home media rights (Domestic & international) to Viacom 18 for Rs 5963 crore (TV&Digital).
BCCI reported a big surge in revenue with its cash and bank balance increasing from Rs 16,493 crore in FY 2023 to Rs 20,686 crore in FY 2024, reflecting a massive increase of approximately Rs 4,200 crore (25.42%).
North-East Development Project reviewed in BCCI’s Apex Council meeting
During FY 2023-24, the projected income of BCCI was Rs 7,476 crore, but it surpassed expectations by earning Rs 8,995 crore. The general fund also witnessed a significant surge, making an increase from Rs 6,365 crore to Rs 7,988 crore.
These board’s financial figures were presented during a recent Apex Council meeting, where Treasurer Ashish Shelar lauded the achievements. The Treasure also revealed the budgeted income for FY 2024-25 at Rs 10,054 crore, with anticipated expenditures set at Rs 2,348 crore. The board also allocated Rs 499 crore to its 38 state associations for FY 2024-25, while Rs 500 crore is reserved for infrastructure subsidies.
The apex council also reviewed progress on the North-East Development Project, an initiative for enhancing cricketing facilities and infrastructure in the region. Despite various challenges such as weather and electricity issues, physical progress in various states ranged between 19% and 53%. Photographs from the ongoing work showed some improvements, supporting BCCI’s dedication to developing cricket in the North-East.
The BCCI’s bank balance saw a huge increase after a successful year of cricket that involved record viewership in the Indian Premier League (IPL) and the ODI World Cup 2023. Cricket Sports News: Latest Cricket News, Cricket Live Score, Sports Breaking News from Sports Today
