Although the world of cricket runs on the gestures of the International Cricket Council (ICC), but when it comes to money, the richest cricket board in the world is the Board of Control for Cricket in India, ie BCCI. The BCCI had become a huge cricket board by the end of FY 2018-19 with Rs 14,489.80 crore and has now added another Rs 2,597.19 crore to its financial capacity. These figures are according to the latest balance sheet, which is with the news agency IANS.
According to the balance sheet, the BCCI earned more than Rs 4,017.11 crore during the 2018 edition of the Indian Premier League (IPL), which is Rs 2,407.46 crore. The balance sheet is still not publicly disclosed, while the 2019-20 accounts are also not ready. In such a situation, it is believed that further rise in these figures of BCCI can be seen.
However, it has to be noted that BCCI is involved in a number of high-profile lawsuits that require the board to spend several crores of rupees annually, including the Income Tax Department, former IPL franchise Kochi Tuskers and Deccan Chargers, Sahara, Neo Sports and World Sports. Groups etc., which the Indian Cricket Board has to fight in court. If all these cases go against the BCCI, then the problem of the Cricket Board of India can increase, as the BCCI may have to pay it if the case is lost.
During the financial year 2018-19, the second largest revenue amount to the BCCI came from the media rights of the Indian team, which was Rs 828 crore. BCCI also spent 1,592.12 at the same time. At the end of the financial year 2014-15, the total assets of BCCI stood at Rs 5,438.61 crore and during the 2015-16 financial year it earned a huge amount of Rs 2,408.46 crore, taking its total assets to Rs 7,847.07 crore.
BCCI had reached the figure of Rs 8,000 crore in 2016-17 and its total assets were Rs 8,431.86 crore. In 2017-18, the board increased its value by Rs 3,460.75 in the same year and raised its total assets to Rs 11,892.61 crore. Now after the completion of the balance sheet of 2018-19, its assets have increased to Rs 14,889.80 crore.
BCCI's earnings have increased over the years due to the sale of media rights of the Indian team. These media rights also include bilateral Tests, ODIs and T20 International matches played at home. BCCI's official broadcaster Star India pays 43.20 crore for every international match played in India. During the 2018-19 financial year, the BCCI hosted 22 international matches, including seven Tests, 10 ODIs and five T20s, bringing it to Rs 950.40 crore.
Star India also has media rights to IPL. Star India had made a historic bid of Rs 16,347.50 crore for IPL media rights from 2019 to 2022, which is around 54.50 crore. BCCI has a total of seven sponsors. These include Star Sports (Sponsor), Byju's (Team Sponsor), Paytm (Title Sponsor), Dream 11, Hyundai and Ambuja Cement (Partners) and Kit Sponsor (MPL Sports).