BCCI Bank Balance Soars 25% in FY24 to INR 20,686 Crore
The Board of Control for Cricket in India (BCCI) is the richest cricket body. It reported a 25.42% rise in its cash and bank balance for 2023-24. The balance rose from INR 16,493 crore in FY 2023 to a record INR 20,686 crore in FY 2024. This was an increase of over INR 4,200 crore.
IPL Media Rights: A Key Driver of Growth
The Indian Premier League (IPL) media rights remain the BCCI’s largest revenue contributor. In June 2022, the IPL media rights for a five-year period were sold for a record-breaking INR 48,390 crore. Also, India’s cricket market dominance comes from shares and rights from the ICC and ACC.
Financial Performance Exceeds Expectations
For FY 2023-24, the BCCI had projected revenues of INR 7,476 crore. However, it surpassed expectations, earning INR 8,995 crore. The general fund grew significantly, from INR 6,365 crore to INR 7,988 crore during the same period.
At a recent Apex Council meeting, Treasurer Ashish Shelar praised the board’s financial success. He then announced the FY 2024-25 budget. The BCCI expects to generate INR 10,054 crore in income, with expenditures projected at INR 2,348 crore. This leaves a projected surplus of INR 7,706 crore for the year.
State Contributions and Infrastructure Investments
The BCCI continues to allocate resources to its 38 state associations. For FY 2024-25, the board has set aside INR 999 crore. It includes INR 499 crore for grants and INR 500 crore for infrastructure subsidies.
Also, the council reviewed progress on the North-East Development Project. It aims to improve cricketing infrastructure in the region. Despite bad weather and power issues, progress in states was 19% to 53%. Photos support this.
A Bright Future for Indian Cricket
The BCCI, with its strong finances and IPL’s popularity, drives cricket’s global success. Its strategic investments in infrastructure help, too. FY 2025 projections show the board’s ability to exceed expectations. They are also growing the sport at all levels.