BCCI Shatters Records with Rs 9,741.7 Crore Revenue in FY 2023-24, IPL Accounts for 59%
The Indian Premier League continues to be the financial powerhouse for the board, which also saw growing contributions from the Women’s Premier League and global media rights.
The Board of Control for Cricket in India (BCCI) has reported an unprecedented revenue of Rs 9,741.7 crore for the 2023-24 financial year, firmly establishing its position as the wealthiest cricket board in the world. The Indian Premier League (IPL) was the primary driver of this financial success, contributing Rs 5,761 crore, which amounts to 59% of the total earnings. An additional Rs 361 crore was generated from non-IPL media rights, according to a report by Rediffusion.
Since its launch in 2007, the IPL has become the BCCI’s “golden goose,” as described by business strategist Lloyd Mathias in a statement to The Hindu Business Line. He noted, “The tournament is the best and media rights are constantly going up. IPL also ensures that players from Ranji Trophy-level get a playing field. IPL will continue to churn out profitability as it growth further.”
The board’s financial base has been further strengthened by diversifying its revenue sources, including the successful Women’s Premier League (WPL) and other global rights, all built upon strong fan engagement and strategic partnerships. The IPL’s financial stability remained unshaken despite a brief interruption during Operation Sindoor this year, showcasing the league’s resilience.
Future Growth and Financial Strength
The BCCI’s financial outlook appears robust, with significant potential for further growth. Sandeep Goyal, Chief of Rediffusion, highlighted the board’s untapped opportunities. “BCCI has immense potential to commercialise traditional formats like Ranji Trophy, Duleep Trophy, or CK Nayudu Trophy to shore up non-IPL revenues,” he said.
Goyal also pointed to the BCCI’s substantial financial reserves, which stand at nearly Rs 30,000 crore. These reserves alone generate approximately Rs 1,000 crore in annual interest. He projects that the board’s revenues are “poised to grow 10–12 per cent annually, thanks to expanding sponsorships, media deals, and matchday earnings.”
Global Influence
The BCCI’s financial dominance extends to the international stage, with the International Cricket Council (ICC) heavily dependent on its contributions. Ajimon Francis, Managing Director at Brand Finance India, remarked, “ICC depends on BCCI for the bulk of its funding. ICC is not driving revenue as it should.”
This influence is also prompting international cricket boards to seek collaboration. In one such instance, the CEO of Lancashire County Cricket Club suggested that the England and Wales Cricket Board (ECB) could offer the BCCI a minority stake in its “Hundred” tournament as a way to attract top Indian men’s players.