World's richest cricket board BCCI now worth a whopping INR 14,489 crore
Some mind-blowing numbers!
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The Board of Control for Cricket in India (BCCI) is one of the richest cricket boards across the globe. If the reports are to be believed, the Indian board was worth a colossal INR 14,489.80 crore at the end of the financial year 2018-19 having added Rs 2,597.19 crore to its financial might. However, the balance sheet of the year 2018-19 hasn’t been made public while the board is yet to prepare the earnings of the financial year 2019-20.
The Board earned a whopping amount of INR 4,017.11 crore under “income” during 2018 and more than half of it came from the 2018 edition of the Indian Premier League (IPL), which is approximately INR 2,407.46. The second-biggest source of income for BCCI was the grant of the media rights of the Indian team for about INR 828 crore. As far as the expenditure is concerned, it is believed that the Board incurred an expenditure of about INR 1,592.12 crore during FY 2018-19.
Apart from the aforementioned source, BCCI also earned INR 446.26 crore from the Men’s senior international tournaments and series it hosted in the financial year 2018-19 while it received an interest from the bank of about INR 290.73 and the income from the ICC/Asian Cricket Council read INR Rs 25.03 crore.
BCCI has roped in seven sponsors for Team India
BCCI also earns a great amount of money from its seven sponsors including STAR Sports (broadcaster), Byju’s (team sponsor), PayTm (title sponsor), Dream11, Hyundai, and Ambuja Cement (partners), and kit sponsor (MPL Sports). The BCCI’s net worth also includes its bank balance, fixed deposits, and fixed assets etc. The BCCI net worth of INR 14,489.80 includes a general fund that stands at Rs 3,906.88 crore and earmarked funds, which are Rs 3,243.41 crore.
The BCCI is also expected to submit its financial balance sheet of 2019-20 to the International Cricket Council (ICC) and its members within six months. “As per the Societies Act, under which the BCCI is registered, it should submit its balance sheet within six months of the end of each financial year, besides sharing it with its members (state associations), and the International Cricket Council. Without submitting its balance sheet with the ICC, the BCCI will not get its share of distributions from the world body,” a source told as quoted by Times Now News.