BCCI’s financial engine posts explosive growth since 2019
The Board of Control for Cricket in India (BCCI) has posted unprecedented financial gains over the last five years, reflecting its continued dominance as the world’s richest cricket board.
According to a report by Cricbuzz, the BCCI’s cash and bank balance rose by a staggering ₹14,627 crore (approx. $1.66 billion) since 2019 — a growth trajectory fueled by robust IPL earnings, rising investment returns, and solid ICC distributions.
The financial data was shared with stakeholders ahead of the board’s Annual General Meeting (AGM) on September 28.
AGM report outlines sharp rise in reserves and general fund
“Honorary Secretary apprised the members that since 2019, the cash and bank balance of BCCI has increased from INR 6,059 crore (approx. $687.04 million) which was before disbursing any amount to the state cricket associations to INR 20,686 crore (approx. $2.35 billion) which is after disbursing all amounts owed to the state cricket associations. Therefore, since 2019, BCCI has added INR 14,627 crore (approx. $1.66 billion) in the last five years. This is an increase of INR 4,193 crore (approx. $475.45 million) since the last financial year. Further, since 2019, the general fund too has increased from INR 3,906 crore (approx. $442.91 million) to INR 7,988 crore (approx. $905.77 million) which is an increase of INR 4,082 crore (approx. $462.86 million),” according to the Statement of Accounts submitted at the 2024 AGM.
Surplus driven by IPL, ICC shares, and investment returns
The board’s surplus for FY 2023-24 stood at ₹1,623.08 crore (approx. $184.04 million), up from ₹1,167.99 crore (approx. $132.44 million) the previous year. This increase was largely credited to increased IPL revenues and stronger ICC distributions.
Meanwhile, the BCCI’s investment income jumped significantly — from ₹533.05 crore (approx. $60.44 million) to ₹986.45 crore (approx. $111.86 million) — thanks to improved deposit returns.
However, not all revenue streams held firm. Gross media rights income dropped sharply to ₹813.14 crore (approx. $92.20 million), down from ₹2,524.80 crore (approx. $286.29 million), attributed to a lighter schedule of international home matches.
“This decrease is the result of a reduced number of international home matches/series played during the year as compared to the previous year. During the year, ICC CWC 2023 (ODI World Cup) was hosted by BCCI during the month of Oct-Nov 2023,” says the report.
Major tax provisions amid ongoing legal disputes
Despite ongoing legal appeals, the board continues to proactively account for tax liabilities.
“The BCCI has provisioned INR 3,150 crore (approx. $357.18 million) towards income tax obligations for FY 2023-24. While BCCI is on the right track before the courts and tribunals, it has still made provisions towards paying any obligations that may arise towards tax,” the report reveals.
Increased funding for state bodies and cricket infrastructure
The board’s surplus has translated into significant disbursements to state associations and investment in infrastructure development.
“Substantial provisions have been made towards distribution of amounts to state cricket associations. The total for 2023-24 stands at INR 1,990.18 crore (approx. $225.67 million) with projected allocation of INR 2,013.97 crore (approx. $228.37 million) for 24-25,” it read.
For the same fiscal year, BCCI allocated:
- ₹1,200 crore (approx. $136.07 million) towards infrastructure development
- ₹350 crore (approx. $39.68 million) to the platinum jubilee benevolent fund
- ₹500 crore (approx. $56.7 million) for broader cricket development programs
These allocations signal the board’s ongoing commitment to strengthening Indian cricket at all levels — from elite competitions to grassroots support.
