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BCCI records massive profit [Source: @suraj_naman/X.com]
The Board of Control for Cricket in India (BCCI) continues to grow into a financial powerhouse, with its money swelling at an unprecedented rate. According to its latest financial statement shared with state associations, the Board had a bank balance of ₹20,686 crore as of September 2024, a massive leap from ₹6,059 crore in 2019, even after disbursing funds to state cricket associations.
Strong Growth In BCCI's Financials
Since 2019, BCCI has added ₹14,627 crore to its reserves, with a jump of ₹4,193 crore recorded in the last financial year alone. The general fund too has grown from ₹3,906 crore in 2019 to ₹7,988 crore in 2023-24, reflecting an increase of ₹4,082 crore in five years.
Contrary to popular belief that the cricket board does not pay income tax, the report revealed that BCCI provisioned ₹3,150 crore towards tax obligations in FY 2023-24, even while pursuing appeals in courts and tribunals.
| Category | 2022-23 (₹ Cr) | 2023-24 (₹ Cr) | Change (₹ Cr) | % Change |
| Bank Balance | 16,493 | 20,686 | +4,193 | +25.4 |
| General Fund | 7,408 | 7,988 | +580 | +7.8 |
| Gross Media Rights | 2,524.80 | 813.14 | -1,711.66 | -67.80 |
| Income from Tours | 642.78 | 361.22 | -281.56 | -43.80 |
| Investment Income | 533.05 | 986.45 | +453.4 | +85.1 |
| Surplus Amount | 1,167.99 | 1,623.08 | +455.09 | +39.0 |
Revenue Mix and Growth Drivers
- IPL 2023 surplus and ICC distributions played a key role in boosting overall surplus.
- Interest income from deposits nearly doubled to ₹986.45 crore, thanks to higher returns from nationalized and private banks.
- A sharp fall in media rights income was noted, with receipts plunging 68% due to fewer home internationals in 2023-24 compared to the packed calendar of 2022-23.
Infrastructure and Player Support
The Board allocated funds strategically for long-term development:
- ₹1,200 crore towards the Infrastructure Development Fund.
- ₹350 crore for the Platinum Jubilee Benevolent Fund.
- ₹500 crore for the Cricket Development Fund.
Additionally, the BCCI disbursed ₹1,990.18 crore to state associations in FY 2023-24, with an estimated ₹2,013.97 crore planned for 2024-25. Despite a slump in media rights, BCCI’s financial muscle only grew stronger in FY 2023-24, with soaring surplus and investment returns ensuring cricket in India continues to be backed by unmatched financial security.
