1.5 Billion Dollar Earned By BCCI FROM 2017-2021: The Board of Control for Cricket in India (BCCI) has emerged as a financial powerhouse in the world of cricket, recording significant earnings and amassing substantial profits over a five-year period from 2017-18 to 2021-22.
In a glimpse into the financial details of the BCCI, it was revealed that the cricket governing body earned a surplus of approximately $1.5 billion during the five-year span leading up to the fiscal year 2021-22.
Daily Current Affairs Quiz: August 2023
Recent Year’s Earnings and Expenditure Breakdown
The BCCI reported $919 million in revenue and $370 million in costs for the fiscal year ended March 2022. The resulting surplus for this year amounted to a noteworthy $549 million. The fiscal year 2021-22 was a notable milestone for the BCCI among the five years under consideration. The reported surplus of $549 million was the highest recorded during this period.
BCCI’s Influence in Global Cricket
The BCCI’s commanding financial prowess has positioned it as a key player in the global cricket landscape. With earnings reaching an impressive $3.3 billion over the five-year timeframe, coupled with expenditures of $1.8 billion, the BCCI’s dominance extends beyond the field, shaping the dynamics of international cricket.
Future Revenue Streams and Milestones
Looking ahead, the BCCI’s financial trajectory remains promising. The cricket board is projected to garner an approximate annual revenue of $230 million from 2024 to 2027. This significant sum amounts for 38.5 percent of the International Cricket Council’s annual earnings, confirming the BCCI’s financial significance on a global scale.
Record-Breaking Media Rights Deal
The BCCI’s financial achievements extend beyond the traditional realm of cricketing activities. In a landmark move, the board secured an unprecedented media rights deal for the Indian Premier League 20-20 tournament, fetching an astonishing $6.2 billion. This monumental deal highlights the immense commercial appeal of Indian cricket and its ability to captivate audiences on a grand scale.
Anticipated Windfall: Media Rights for International and Domestic Matches
Adding to its growing list of financial triumphs, the BCCI has recently initiated a tender process for the media rights of its international and domestic matches. This strategic move is expected to yield another substantial windfall, further solidifying the BCCI’s position as a financial powerhouse in the realm of cricket.
Finally, the Board of Control for Cricket in India’s incredible financial trajectory from 2017-18 to 2021-22 demonstrates its unrivalled financial intelligence and strategic prowess. As the BCCI continues to set new benchmarks in cricket’s financial landscape, its influence on the sport’s global dynamics remains undeniable.
About Board of Control for Cricket in India (BCCI)
The Board of Control for Cricket in India (BCCI) is the authorised body in charge of cricket in India. Its headquarters are in Churchgate, Mumbai, at the Cricket Centre. Recognized as the most affluent cricket regulatory body globally, the BCCI assumes diverse roles, encompassing the coordination and planning of matches for the nation’s cricket squads.
Established in December 1928, the BCCI operates as an independent and private entity. It operates autonomously, existing outside the jurisdiction of the National Sports Federation of India. The Government of India maintains minimal regulatory involvement with the BCCI, allowing the organization considerable autonomy in its operations.
Key Points for Competitive Examinations
- Current and 36th President of Board of Control for Cricket in India (BCCI): Roger Binny