The Board of Control for Cricket in India (BCCI) generated a total revenue of ₹9,741.7 crore for the 2023–24 financial year. According to a report in The Hindu, which quoted Rediffusion, the Indian Premier League (IPL) is BCCI’s most profitable venture, with over 59% of the Indian cricket board’s overall income.
The Indian Premier League, which was launched in 2008, is considered the world’s best franchise T20 league and has become a major financial asset for the BCCI. Notably, the IPL is an annual franchise-based T20 tournament that features 10 teams and attracts top players from both India and abroad.
BCCI’s Revenue Grows Stronger With ₹9,742 Crore in 2023-24
The Board of Control for Cricket in India (BCCI) generated ₹9,741.7 crore in revenue during the financial year, with the Indian Premier League (IPL) contributing ₹5,761 crore, according to a report by The Hindu Business Line.
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Business strategist and independent director Lloyd Mathias described the IPL as a “golden goose” for the BCCI. He highlighted that the tournament continues to grow in value.
“BCCI in 2007 discovered a golden goose – the IPL which is now a 100 per cent part of the BCCI,” the publication quoted Lloyd Mathias as saying.
“The tournament is the best and media rights are constantly going up. IPL also ensures that players from Ranji Trophy-level get a playing field. IPL will continue to churn out profitability as it growth further.”
WPL, Media Rights, and Sponsorships Boost BCCI’s Revenue Beyond IPL
The report added that the BCCI earned ₹361 crore from non-IPL media rights, particularly through the broadcasting of India’s international fixtures. Revenue from ticket sales, hospitality, and commercial rights for home international matches also contributed to the board’s income.
The launch season of the Women’s Premier League (WPL) generated additional revenue for the BCCI, which has successfully hosted three editions of the women’s tournament.
The report also noted that the BCCI has ₹30,000 crore in reserves, earning nearly ₹1,000 crore annually in interest. Notably, the board also receives around ₹1,000 crore per year from the International Cricket Council (ICC), further cementing its financial dominance in the global cricketing landscape.
BCCI Has Immense Potential to Commercialise Traditional Formats – Rediffusion Chief
Rediffusion Chief Sandeep Goyal believes the BCCI still has revenue potential through better commercialization of domestic tournaments like the Ranji Trophy, Duleep Trophy, and CK Nayudu Trophy.
Goyal also noted that the board’s income is not only stable but is expected to grow by 10-12% each year due to rising sponsorships, media rights, and earnings from match days.
“BCCI has immense potential to commercialise traditional formats like Ranji Trophy, Duleep Trophy, or CK Nayudu Trophy to shore up non-IPL revenues,” Goyal said.
“…the board has close to ₹30,000 crore in reserves, which brings in about ₹1,000 crore a year in interest alone. These revenues aren’t just sustainable – they are poised to grow 10–12 per cent annually, thanks to expanding sponsorships, media deals, and matchday earnings,” Goyal added.
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