Cricket

BCCI Earns ?9,742 Crore in FY 2023-24: IPL Leads the Way

chief77a74a82cc1 year ago1 year ago16 mins

In India, cricket is not just a sport — it’s like an emotion, a festival, a business, and everything in between. And the one organization sitting right at the centre of it all is the Board of Control for Cricket in India (BCCI). Now the big news is — BCCI has made a record-breaking income of ?9,742 crore in the financial year 2023-24. Yes, you heard it right!

And no surprises here — the major contributor to this income was our beloved IPL — the Indian Premier League. It’s literally raining money when it comes to Indian cricket team news.

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IPL Alone Contributed ?5,761 Crore to BCCI’s Income

According to the report by ad firm Rediffusion, the IPL brought in ?5,761 crore, which means 59% of BCCI’s total income came just from this one tournament. That’s huge!

IPL has now grown into a brand of its own now. From thrilling matches and big sixes to celebrity owners and international stars — it’s got everything that brings in the money. And the BCCI, well, they’re the ones cashing it all.

BCCI Now Has ?30,000 Crore in Reserve Funds

The BCCI is sitting on a reserve of ?30,000 crore. Just imagine the scale of that. Rediffusion’s MD Sandeep Goyal mentioned that from this reserve alone, the board earns nearly ?1,000 crore annually as interest. That’s like earning money while doing literally nothing — just because you already have tons of it.

How Does BCCI Earn So Much from IPL?

Here’s a quick look at where all this revenue comes from:

Revenue Source	Details
Media Rights	Companies pay huge amounts to get rights for live matches, highlights, etc.
Title Sponsorship	Like the TATA deal in 2023 worth ?600 crore for two years
Franchise Fees	New teams pay massive fees to enter IPL (e.g., ?12,500 crore in 2022)
Other Sponsorships	From jersey sponsors, ticketing, digital deals, and more

All of this adds up, and that’s how IPL becomes a money-printing machine for BCCI.

Potential of Domestic Cricket

Now, while IPL is the cash cow, experts believe that BCCI can also make good money from traditional domestic tournaments like Ranji Trophy, Duleep Trophy, and CK Nayudu Trophy.

According to Rediffusion, these tournaments have the potential to become commercial successes too — if marketed and promoted properly.

Good broadcast deals, streaming on OTT, getting sponsors involved, and creating fan engagement — these are all ways to increase non-IPL income. As an Indian cricket news fan, everyone wants our domestic players to get more recognition. This will not only bring more revenue, but will also provide more fame and payouts to the domestic players.

What More Can BCCI Do for Revenue Growth?

Well, according to industry experts, here are a few things BCCI could explore:

Go global — take cricket to more countries where the sport is still growing.
Invest in other leagues — by holding equity in foreign leagues, they can grow revenue.
Build women’s leagues like WPL — these are already picking up pace and attracting sponsors.
Offer broadcasting rights in more regions — to tap into the massive Indian diaspora.

In fact, one suggestion even came from Lancashire Cricket Club’s CEO, who said ECB should offer a stake to the BCCI in their tournament, ‘The Hundred’ to attract Indian players. That says a lot about BCCI’s growing influence in global cricket.

Concern Point

While IPL makes most of BCCI’s money, experts also warn that any interruption in IPL can be risky. For example, this year, there was a minor disruption due to Operation Sindoor, which paused a few matches temporarily.

Thankfully, it didn’t affect the league much — but it shows how dependent BCCI is on IPL. So, diversifying revenue streams is definitely the smarter move for the future.Read more such Indian cricket team news, sports updates and cricket business insights only on Khelostar News.