The Board of Management for Cricket in India (BCCI) doesn’t normally reveal detailed monetary data.
Nevertheless, due to India’s fervent love of the sport and recurrent bidding wars for broadcast rights, it’s reputed to be one of many world’s most worthwhile regulatory organisations.
On Tuesday, a authorities minister detailed current BCCI earnings earlier than parliament, revealing earnings of $919 million and expenditure of $370 million for the fiscal yr ending March 2022, leaving a $549 million surplus.
It was the board’s largest surplus within the 5 years from 2017-18, with earnings of $3.Three billion and spending of $1.eight billion over the identical time.
Resulting from its outsized riches compared to different nationwide cricket boards, the omnipotent BCCI is typically believed to dictate the choices in worldwide cricket.
In accordance with ESPN Cricinfo, the BCCI stands to earn round $230 million per yr between 2024 and 2027, or 38.5 p.c of the Worldwide Cricket Council‘s yearly earnings of $600 million.
The BCCI offered the printed rights to the massively profitable Indian Premier League (IPL) for a file $6.2 billion final yr.
The board just lately issued a bidding for media rights to its worldwide and native matches, which is predicted to herald one other massive sum.
(With AFP inputs)
