• Source:JND
Add as a preferred

The IPL has become cash-rewarding literally for the BCCI as the world's richest board continues to earn a lot due to the ever-growing popularity of what is the world's best T20I league. As per a report, the amount of money that BCCI earned during the financial year 2023-24, of which the IPL alone accounted for 59 percent.

The IPL is a yearly franchise-based T20 league, where the country and the world participate. Around 10 teams take part in this cash-rich league, which began way back in 2007.

According to the Hindu Business Line, the Indian board had earned a whopping amount of Rs 9741.7 crore during the financial year 2023-24, of which IPL contributed a whopping amount of Rs 5761 crore.

ALSO READ: Happy Birthday Smriti Mandhana: A Look At Top 10 Records Created By Stylish Indian Batter

“BCCI in 2007 discovered a golden goose – the IPL, which is now a 100 per cent part of the BCCI. The tournament is the best, and media rights are constantly going up. IPL also ensures that players from the Ranji Trophy level get a playing field. IPL will continue to churn out profitability as it grows further," Lloyd Mathias, who is the business strategist of the publication, said.

BCCI’s Revenue From Non-IPL Properties

According to the report, about Rs 361 crore was earned by selling non-IPL media rights, which included the broadcasting rights of bilateral series.

According to Sandeep Goyal, who is the chief of Rediffusion, the board didn't realise its full potential as far as revenue generation is concerned, since there is a lot of scope to commercialise the domestic tournament like Ranji Trophy, which is the country's best red-ball domestic tournament.

“BCCI has immense potential to commercialise traditional formats like Ranji Trophy, Duleep Trophy, or CK Nayudu Trophy to shore up non-IPL revenues," Goyal said.

“…the board has close to ₹30,000 crore in reserves, which brings in about ₹1,000 crore a year in interest alone. These revenues aren’t just sustainable – they are poised to grow 10–12 per cent annually, thanks to expanding sponsorships, media deals, and matchday earnings," he concluded.

According to the report, the ICC, which is the sport's global governing body, is financially dependent on the BCCI, since they have failed to generate revenue as it should have.