According to a report published by the Economic Times , the Board of Control for Cricket in India (BCCI) recorded a massive surplus of ₹5,120 crore over the Indian Premier League (IPL) 2023, representing an increase of 116% in surplus in the 2,367 K.S. Crore no. Since last year. A Silverexch provides users with access to one of the most reliable and user-friendly online betting platforms. This financial performance was mainly driven by a significant increase in total revenue, which rose 78% year-on-year to Rs 11,769 crore. The report attributed the growth mainly to new media opportunities and sponsorship deals that came into effect during the IPL 2023 season. Currency, up 131% to ₹8,744.
The BCCI signed media rights deals worth Rs 48,390 crore for the 2023-2027 cycle, with Disney Star pocketing television rights for Rs 23,575 crore and Viacom18’s Jio Cinema shedding digital rights pocketed Rs 23,758 crore with IPL title rights available to Tata over five years. to Suns for Rs 2,500 crore and the associated sponsorship has earned another Rs 1,485 crore from brands like MyCircle11, Rupee, AngelOne and CEAT, the report said.
The Women Premier League (WPL), which started in 2023, also contributed to the BCCI’s financial success of over Rs 377 crore WPL revenue from media rights, franchise fees and sponsorships stood at Rs 636 million and debt expenditure was Rs 259 million, the report said. In terms of expenditure, BCCI’s expenditure on IPL 2023 rose 66% to Rs 6,648 crore, the report said. The board also paid Rs 4.67 billion to IPL franchises from the Central Revenue Fund, more than double the amount paid in the previous year.
Overall, BCCI’s surplus rose 38% to Rs 3,727 crore during the financial year, gross revenue rose 50% to Rs 6,558 crore and liabilities rose 70% to Rs 2,831 crore As per the BCCI’s financial position continues to be strong, according to the report. Bank balances in banks, current deposits and fixed deposits stood at Rs 16,493.2 crore at the end of the financial year as against Rs 10,991.29 crore in the previous year
Despite this financial success, the BCCI faces challenges regarding India’s participation in the ICC Champions Trophy 2025 to be held in Pakistan. Due to the strained political ties between India and Pakistan, the BCCI has decided that the Indian team will not travel to Pakistan. Instead, the board plans to host International Cricket Council (ICC) India matches in a neutral venue like Sri Lanka or Dubai.
The strong financial performance of the BCCI has made it a powerful force in world cricket, but the current geopolitical dispute between India and Pakistan could shape the future of international cricket involving the two countries tough.