BCCI now worth a Massive ₹14489.80 crores

The Board of Control for Cricket in India (BCCI) was worth ₹14489.80 crores at the end of the financial year 2018-19, IANS reported.

According to the news agency, the 2018-19 balance sheet is still not in the public domain, while the accounts of 2019-20 are still not ready.

The world’s wealthiest cricket board had added ₹4,017.11 crores as ‘income’. Out of which they earned ₹2,597.19 crores from the 2018 edition of the Indian Premier League (IPL).

During the financial year 2018-19, the BCCI earned ₹828 crores from media rights – their second-biggest source of income. In the same time frame, the board incurred an expenditure of ₹1,592.12 crores.

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“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.”

The other primary income sources for the BCCI in 2018-19 were the men’s international tours/tournaments hosted in India through which the board pocketed ₹446.26 crore.

Earnings through bank interests amounted to ₹290.73 crore and income from the ICC/Asian Cricket Council stood at ₹25.03 crore.

The period saw BCCI host 22 international matches in India, including seven Tests, 10 ODIs and five T20Is. Through all these matches, the BCCI made ₹950.4 crore. STAR India also pays the BCCI ₹54.5 crore per IPL match.

STAR Sports, BYJU’S, PayTM, Dream 11, Hyundai, Ambuja Cements and MPL Sports are BCCI’s seven sponsors. Before BYJU’S, Oppo was the jersey sponsors and paid ₹4.61 crores per match to the BCCI.

Read More | SportsKeeda