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BCCI’s Bank Balance Swells Above ₹20,000 Crore! Records 39% Rise In Surplus



BCCI records massive profit [Source: @suraj_naman/X.com]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 Balance16,49320,686+4,193
+25.4
General Fund7,4087,988+580+7.8
Gross Media Rights2,524.80813.14-1,711.66-67.80
Income from Tours642.78361.22-281.56-43.80
Investment Income533.05986.45+453.4+85.1
Surplus Amount1,167.991,623.08+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.