US EditionBCCI Earns Record Revenue of ₹9,741.7 Crore in FY24, IPL Proves Main Cash Cow
INDIA, JUL 17 – IPL contributed Rs 5,761 crore or 59% of BCCI’s record Rs 9,741.7 crore revenue in FY24, with growing income from Women’s Premier League and ICC shares.
- The cricket governing body in India reported a record revenue of ₹9,741.7 crore for the 2023-24 fiscal year, with the Indian Premier League being the major contributor.
- The IPL, discovered by BCCI in 2007, contributed over ₹5,761 crore, accounting for more than 59 percent of the board's total revenue in FY24 despite a brief halt due to geopolitical tensions.
- Additional income sources include ₹361 crore from non-IPL media rights, sponsorships, and international matches, with experts noting untapped potential in traditional formats like Ranji and Duleep Trophies.
- Lloyd Mathias, a business strategist, noted that the IPL is expected to remain profitable as it continues to expand, with annual revenue growth projected at 10 to 12 percent driven by increases in sponsorship agreements, broadcasting rights, and income generated on match days.
- BCCI's strong financial position, supported by nearly ₹30,000 crore in reserves generating about ₹1,000 crore annually in interest, suggests sustainable growth with opportunities to commercialize non-IPL cricket leagues domestically and internationally.
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BCCI earns record revenue of ₹9,741.7 crore in FY24, IPL proves main cash cow
The BCCI also earned ₹361 crore from non-IPL media rights, as per the numbers. This income comes from broadcasting rights for international cricket matches and tournaments, contributing significantly to BCCI’s diverse revenue streams.
How much money the BCCI earned in FY24, with IPL as its biggest cash cow
The IPL remains BCCI’s biggest money maker, contributing over half of its annual earnings in FY24. Check out how much India's richest sporting body made in the last financial year. The numbers will shock you.
30k Cr Empire, 9k Cr Revenue: Is IPL Golden Duck?
BCCI smashes own records, earns ₹9,741.7 crore in 2023-24. And no surprise here, the Indian Premier League (IPL) did all the heavy lifting again. The IPL alone brought in ₹5,761 crore, that’s almost 60% of the total revenue. That’s more than half the money from just one tournament. Also Read – GG’s Selection Disaster: Talent […] The post 30k Cr Empire, 9k Cr Revenue: Is IPL Golden Duck? appeared first on M9.news.
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