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Breaking News

World’s richest cricket board BCCI now worth a whopping INR 14,489 crore

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Some mind-blowing numbers!

Sourav Ganguly
Sourav Ganguly. (Photograph Supply: IPL/BCCI)

The Board of Management for Cricket in India (BCCI) is without doubt one of the richest cricket boards throughout the globe. If the reviews are to be believed, the Indian board was price a colossal INR 14,489.80 crore on the finish of the monetary 12 months 2018-19 having added Rs 2,597.19 crore to its monetary may. Nonetheless, the steadiness sheet of the 12 months 2018-19 hasn’t been made public whereas the board is but to arrange the earnings of the monetary 12 months 2019-20.

The Board earned a whopping quantity of INR 4,017.11 crore below “revenue” throughout 2018 and greater than half of it got here from the 2018 version of the Indian Premier League (IPL), which is roughly INR 2,407.46. The second-biggest supply of revenue for BCCI was the grant of the media rights of the Indian staff for about INR 828 crore. So far as the expenditure is worried, it’s believed that the Board incurred an expenditure of about INR 1,592.12 crore throughout FY 2018-19.

Aside from the aforementioned supply, BCCI additionally earned INR 446.26 crore from the Males’s senior worldwide tournaments and collection it hosted within the monetary 12 months 2018-19 whereas it acquired an curiosity from the financial institution of about INR 290.73 and the revenue from the ICC/Asian Cricket Council learn INR Rs 25.03 crore.

BCCI has roped in seven sponsors for Group India

BCCI additionally earns an incredible amount of cash from its seven sponsors together with STAR Sports activities (broadcaster), Byju’s (staff sponsor), PayTm (title sponsor), Dream11, Hyundai, and Ambuja Cement (companions), and package sponsor (MPL Sports activities). The BCCI’s web price additionally contains its financial institution steadiness, mounted deposits, and stuck property and many others. The BCCI web price of INR 14,489.80 features a basic fund that stands at Rs 3,906.88 crore and earmarked funds, that are Rs 3,243.41 crore.

The BCCI can be anticipated to submit its monetary steadiness sheet of 2019-20 to the Worldwide Cricket Council (ICC) and its members inside six months. “As per the Societies Act, below which the BCCI is registered, it ought to submit its steadiness sheet inside six months of the tip of every monetary 12 months, apart from sharing it with its members (state associations), and the Worldwide Cricket Council. With out submitting its steadiness sheet with the ICC, the BCCI is not going to get its share of distributions from the world physique,” a supply informed as quoted by Occasions Now Information.

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