The Board of Control for Cricket in India is by far the biggest financial player in the world of cricket. When the sports arena suffered n the tough times of the pandemic, the BCCI were ready for damage control. The domestic circuit took a hit as India’s premier domestic championships were postponed. However, the IPL was a boon in times of crisis as it garnered a record following like before. In the 2020-21 financial year, BCCI earned a mammoth sum of Rs.1,522.01 crore only from the cash-rich league. Let’s know more about BCCI Net Worth 2022.
BCCI’s Net Worth 2022
In the past few years, the revenue might have taken a dip, but BCCI’s net worth 2022 significantly grew as it successfully surpassed Rs.18,000 crore. Back in 2020, when the first wave of covid spread enforced lockdown across the country, the board’s total wealth stood at Rs.16,417.17 crore. In just a span of a year, BCCI’s clocked a turnover of Rs.18,011.84 crore, and it, therefore, shows why the BCCI is the richest cricket organization in the whole world.
Read more: Difference between Spot Fixing and Match Fixing: Are both same?
IPL : BCCI’s jackpot since 2008
If one dissects BCCI’s magic figure of Rs.18,011.84 crore, it comes down to 3 components: the general fund(Rs.4,329.57 crore), the reserve funds (Rs.3,558.20 crore), and current liabilities (Rs.10,124.07 crore). The craze for the IPL just gets bigger and bigger with every season. The official broadcasters of the league, the Walt Disney Company India (formerly Star India) will need to pay a 30% rise in media rights because of 74 matches being played this season compared to the previous number of 60.
Read more: Women IPL: BCCI Proposes 6 Teams
Surprisingly, numbers say that IPL 2021 and IPL 2020 were more profitable for the board despite covid restrictions. The major reason behind this was the reduction in travel time, accommodation costs, and more as the league was centered around 3 stadiums in UAE. Hence, though the board earned less from the bilateral series when it came to the broadcasting front, the IPL compensated for it substantially. This cut in costs allowed an enhanced surplus and since IPL 15 will be played entirely in Maharashtra alongside crowds this time, it might do wonders for BCCI in the present financial year as well.