India’s Parliament has been told that the country’s cricket board earned a surplus of about $1.5 billion over the past five years.
The Board of Control for Cricket in India (BCCI) does not usually publish its financial affairs in detail, but it is known as one of the most profitable governing bodies in the world due to has a deep love for the game and an intermittent bidding war for broadcast rights.
A government minister presented BCCI’s latest earnings in Parliament on Tuesday, which revealed $91.9 million in revenue and $370 million in expenses for the year ending March 2022, leaving $549.9 million in revenue. Made a surplus.
It was the board’s biggest surplus in the five years of 2017-18, which posted revenues of $3.3 billion and expenses of $1.8 billion during the same period.
This section contains related reference points (Related Nodes field).
The BCCI is often said to have a monopoly on world cricket due to its greater wealth than other national cricket boards.
According to ESPNcricinfo, the BCCI will earn around $230 million annually between 2024-27, which is 38.5% of the International Cricket Council’s annual revenue of $600 million.
Last year BCCI sold the media rights of the Indian Premier League T20 tournament for $6.2 billion.
The board recently floated a tender for the media rights of its international and domestic matches, which is set to bring in another huge revenue stream.
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**Interview with Cricket Financial Expert, Mr. Rajesh Mehta**
**Editor:** Welcome, Mr. Mehta! Thank you for joining us today to discuss the recent financial success of the Board of Control for Cricket in India, or BCCI.
**Mr. Mehta:** Thank you for having me!
**Editor:** Let’s talk about the astonishing earnings of the BCCI. They reported an earning of ₹18,700 crore (approximately $2.2 billion) in the financial year 2023-2024. What does this say about the popularity of cricket in India?
**Mr. Mehta:** It speaks volumes! Cricket is not just a sport in India; it’s a passion that transcends boundaries. The financial success of the BCCI reflects this deep-rooted love for the game. The significant revenues come from broadcasting rights, sponsorship deals, and the immense fan following, especially in T20 leagues like the IPL.
**Editor:** Over the past five years, the BCCI reportedly made a surplus of about $1.5 billion. Why do you think there’s such a huge financial discrepancy compared to other sports governing bodies?
**Mr. Mehta:** The BCCI’s financial model is quite unique. Their ability to capitalize on the sport’s popularity through lucrative partnerships and media rights is unmatched. Unlike many other sports, cricket in India has a massive following, which leads to intense competition among companies for advertising and sponsorship deals.
**Editor:** It’s interesting you mention sponsorships. The BCCI does not regularly publish detailed financial reports. How does this lack of transparency affect public perception?
**Mr. Mehta:** A lack of transparency can sometimes lead to skepticism about financial management. However, given the BCCI’s track record of success, many fans and stakeholders trust the board’s management. The high revenues and consequent tax payments, such as the ₹4,298 crore (about $510 million) paid in taxes in 2022, also illustrate a level of accountability.
**Editor:** Speaking of taxes, how do you think the BCCI’s substantial tax contributions impact its reputation?
**Mr. Mehta:** Paying significant taxes enhances the BCCI’s reputation as a responsible governing body. It shows that they are not only profitable but also contributing to the nation’s economy. This fosters a positive image among fans and can strengthen support for cricket development initiatives within the country.
**Editor:** Thank you, Mr. Mehta, for your insights! It looks like the BCCI is set for continued success, both on and off the field.
**Mr. Mehta:** My pleasure! It will be interesting to see how they continue to evolve and manage their finances in the ever-competitive sports landscape.
