In a notable development, BCCI’s bank balance has soared by leaps and bounds. The overall revenue has now reached a whopping Rs 20,686 crore with an approximate increase of Rs 4200 crore, news agency PTI reported.

The majority of BCCI’s revenue comes from the IPL media rights and bilateral cricket rights. With India being the biggest cricket market in the world, the board also receives a lion’s share of revenue generated by the International Cricket Council (ICC).

Two years ago, the IPL media rights were sold for a staggering Rs 48,390 crore for a five-year period.

“The cash and bank balance of BCCI has increased from Rs 16,493 crores in FY2023 to INR 20,686 crores in FY 2024. This is an increase of approximately INR 4,200 crore," read a BCCI document in possession of PTI.

According to the report, the Indian board was projected to earn Rs 7,476 crore in FY23-24 but the actual income stands at Rs 8,995 crore. The general fund also jumped from Rs 6,365 crore to 7,988 crore.

In the FY24-25, the BCCI is expected to earn Rs 10,054 crore with the total budgeted expenditure set at Rs 2,348 crore.

BCCI’s 38 state units also depend on the board’s annual grants and as per the document, the budgeted amounts due to the associations stand at Rs 499 crore.

(With PTI Inputs)