BCCI has reported a substantial increase in income for the current financial year, totalling INR 2,198.23 crore, as communicated to the board members on September 25.
BCCI Revenue Bounces Back from COVID Dip
Treasurer Ashish Shelar announced at the BCCI AGM that compared to the income of INR 4,360.57 crore generated in the financial year 2021-22, the current year has witnessed revenue of INR 6,558.80 crore, marking a significant upswing in BCCI’s earnings.
The revenue slump in the previous year was primarily attributed to the outbreak of Covid-19. Shelar stated, “This is to bring to your notice that due to Covid 19, the cricketing season in 21-22 was cut down to only three tournaments. The domestic season of 2020-21 was at full strength except a few junior tournaments, like Under 16, etc. However, the year 2022-23 brought back all the hopes and confidence to conduct entire domestic season with enthusiasm (sic),” Shelar told the members of the state associations.
“The baton handed over to me by my predecessors in a very healthy financial position and I will make sure that it grows stronger as time passes to see in a position and where the BCCI stands today is a result of collective effort by all the ex and present officials. The broad horizon of vision in the form of leadership along with strong commitment of all members of the BCCI has taken the sport of cricket to such a respectable height in a span of very few years.
“The dedication and determination put in by the BCCI has made sure that the BCCI remains ethically and financially strong at all times. The BCCI has proved to the sports world how standard can be maintained in all situations (sic),” Shelar further said in his report.
The report further states that the income of the board is expected to multiply significantly. By 2027, the board’s annual income is projected to exceed INR 80,000 crore. This increase is attributed to the BCCI’s share of the revenue from the International Cricket Council (ICC), which was previously about 18 per cent and has now increased to 38.5 per cent.
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