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

The richest cricket organisation in the world is the Board of Control for Cricket in India (BCCI). Between FY 2023 and FY 2024, its cash and bank balance increased by an astonishing INR 4,200 crore (25.42%), from INR 16,493 crore to INR 20,686 crore.

The media rights for the Indian Premier League (IPL), bilateral cricket rights, and a sizeable portion of the International Cricket Council’s (ICC) earnings are the main sources of income for the BCCI. An important contributor to this revenue is India, which has the biggest cricket market in the world.

A staggering INR 48,390 crore was paid in June 2022 for the five-year IPL media rights. The Asian Cricket Council (ACC) and the ICC are two international cricket organisations that provide funds, sponsorships, and partnerships to the board in addition to the IPL.

The North-East Development Project’s progress has been examined by BCCI.

The BCCI earned INR 8,995 crore in FY 2023–24, above its estimated income of INR 7,476 crore. The general fund increased significantly as well, going from INR 6,365 crore to INR 7,988 crore.

At the recent Apex Council meeting, Treasurer Ashish Shelar commended the board’s financial accomplishments while presenting these numbers. He also disclosed the FY 2024–25 anticipated income of INR 10,054 crore, with expenses of INR 2,348 crore, leaving a projected surplus of INR 7,706 crore.

Another important aspect of the BCCI’s financial activities is the donations it makes to its 38 state associations. INR 500 crore is set up for infrastructure subsidies, while INR 499 crore has been set enough for yearly grants to these associations for FY 2024–2025.

The North-East Development Project, an endeavour to improve cricketing facilities in the area, was also assessed by the council. In different states, physical development varied from 19% to 53%, despite obstacles including bad weather and power outages. Photographic proof revealed some progress, confirming the board’s commitment to advancing cricket in formerly underserved regions.