BCCI Earned Record Revenue of ₹9,741.7 Crore in FY24, IPL Contributed ₹5,761 Crore
The Board of Control for Cricket in India (BCCI) has reported a record revenue of ₹9,741.7 crore for the financial year 2023-24. According to a report by Rediffusion, the Indian Premier League (IPL) contributed a staggering ₹5,761 crore to the total revenue, accounting for 59% of the total.
The report also revealed that the BCCI received ₹1,042 crore from the International Cricket Council (ICC), which accounts for 10.70% of the total revenue. Additionally, the board earned ₹361 crore from non-IPL media rights.
The figures are a testament to the growing popularity and commercial success of the IPL, which has become the ultimate cash cow of cricket. The league has been a major driver of revenue for the BCCI, and its popularity shows no signs of slowing down.
The IPL has been a game-changer for Indian cricket, providing a platform for international cricketers to showcase their skills and compete against each other. The league has also been a major attraction for fans, with millions of people tuning in to watch the matches every year.
The BCCI’s revenue from the IPL has been growing steadily over the years, with the league generating ₹3,200 crore in 2015-16, ₹4,500 crore in 2016-17, and ₹6,300 crore in 2017-18. The figure has continued to rise, with the BCCI earning ₹7,500 crore from the IPL in 2018-19 and ₹8,000 crore in 2019-20.
The growth in revenue from the IPL has been driven by a combination of factors, including the increasing popularity of the league, the growing number of international players participating in the league, and the increasing number of matches being played. The league has also been successful in attracting major brands and sponsors, which has helped to increase revenue.
The BCCI’s revenue from the IPL is not the only source of income for the board. The ICC also provides significant revenue to the BCCI, with the board earning ₹1,042 crore from the ICC in the current financial year. This is in addition to the revenue earned from the IPL and other sources.
The BCCI’s revenue from non-IPL media rights is also worth noting. The board earned ₹361 crore from non-IPL media rights in the current financial year, which is a significant amount. This revenue is generated from the sale of broadcasting rights for international matches played in India, as well as from the sale of sponsorship rights for these matches.
The growth in revenue for the BCCI is a welcome development for Indian cricket, as it will help to benefit the game and its stakeholders. The revenue generated by the BCCI will be used to develop the game, improve infrastructure, and support the development of young cricketers.
In conclusion, the BCCI’s record revenue of ₹9,741.7 crore for the financial year 2023-24 is a testament to the growing popularity and commercial success of the IPL. The league has become the ultimate cash cow of cricket, and its popularity shows no signs of slowing down. The BCCI’s revenue from the IPL and other sources will be used to benefit Indian cricket, and will help to develop the game and its stakeholders.
