BCCI richest board in the world; now worth a colossal Rs 14,489 crore: The Board of Control for Cricket in India (BCCI), the world’s wealthiest of the game, is now Rs 14,489.80 crore at the end of financial year 2018-19. The Indian cricket board has added Rs 2,597.19 crore. According to a report by IANS, more than half of the Rs 4,017.11 crore, the BCCI earned under “income” during the year was majority from the Indian Premier League (IPL) 2018.
During FY 2018-19, BCCI’s second-highest income was from media rights of the Indian team which was Rs 828 crore. At the same time, the BCCI incurred an expenditure of Rs 1,592.12 crore during the year.
“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 IANS.
The BCCI’s net worth includes, amongst other heads, its bank balance, fixed deposits, and fixed assets etc. Of the BCCI’s Rs 14,489.80 crore net worth, as on March 31, 2019, the main sources include general fund that stands at Rs 3,906.88 crore and earmarked funds, which are Rs 3,243.41 crore.BCCI’s net worth: What are other sources of income?
Apart from the IPL, the other main sources of income in 2018-19, according to the balance sheet, were the men’s senior international tours/tournaments hosted in India (Rs 446.26 crore), interest from the banks (Rs 290.73 crore), and income from the ICC/Asian Cricket Council (Rs 25.03 crore).
Over the last few years, the BCCI’s income has gone up chiefly because of the sale of the media rights of the Indian team — bilateral Tests, ODIs, and T20 matches played at home — the IPL media rights, national team (jersey) sponsor; and series sponsor.
BCCI’s broadcast rights holder, Star India, pays it Rs 43.20 crore per international match played in India. During FY 2018-19, India hosted 22 international games –seven Tests, 10 ODIs, and five T20s, which brings the total to Rs 950.40 crore.
For IPL, on the other hand, STAR India made a historic bid of Rs 16,347.50 crore for five years, which is Rs 54.50 crore per match.
The Indian cricket board has a total of seven sponsors — Byju’s (team sponsor), STAR Sports (broadcaster), PayTM (title sponsor), Hyundai, Dream11, and Ambuja Cement (partners) and kit sponsors (MPL Sports).
Series sponsor PayTM gives Rs 2.42 crore per match; national team jersey sponsor Oppo furnishes Rs 4.61 crore per match, before Byju’s took over (September 5, 2019, to March 31, 2022).
(With Inputs from IANS)