BCCI became even richer, Rs 4200 crore came into account in just one year, know what is the balance

PC: news24online

The Board of Control for Cricket in India held an emergency meeting of its Apex Council on Friday, appointing Achal Kumar Jyoti, who previously served as the Chief Election Commissioner, as the Returning Officer to the post of Secretary and Treasurer later this year Went. Recently, these two important posts fell vacant when Jay Shah stepped down as secretary after taking over as ICC president on December 1, and treasurer Ashish Shelar vacated a seat in the new Maharashtra cabinet. Had left the post for.

BCCI's position strengthened: BCCI's financial position has strengthened significantly, its bank balance has increased by approximately Rs 4,200 crore, taking its total income to Rs 20,686 crore. This growth is largely due to the revenue generated from IPL media rights and bilateral cricket rights. As the world's largest cricket market, India also benefits from a significant portion of the revenue generated by the International Cricket Council (ICC).

BCCI getting richer: In June 2022, BCCI won a huge deal for IPL media rights worth Rs 48,390 crore for five years. According to a BCCI document, the board's cash and bank balance has increased from Rs 16,493 crore in FY2023 to Rs 20,686 crore in FY2024, an increase of Rs 4,200 crore. The BCCI had estimated Rs 7,476 crore in projected income for FY 23-24. However, the actual revenue is Rs 8,995 crore. Additionally, the General Fund has increased from Rs 6,365 crore to Rs 7,988 crore.

This much could be earned in future: Looking at the current earnings, BCCI is likely to generate Rs 10,054 crore in FY 24-25 with a budgetary expenditure of Rs 2,348 crore. The 38 state units of the board are heavily dependent on its annual grants, and the budget amount allocated for these unions is Rs 499 crore. This financial strength enables BCCI to support the cricket ecosystem across India, ensuring the continued growth of the game at all levels.