BCCI earns $300 millions from last year’s iteration of its Indian Premier League, newly published financial documents have revealed.
The Board of Control for Cricket in India (BCCI) is one of the wealthiest governing bodies in worldwide sport, owing generally to the runaway victory of the lead Twenty20 tournament.
The IPL has made tycoons of its best players and created billions from media rights since its initiation in 2008, bringing forth various copycat leagues in other cricket-loving nations within the a long time since.
Yearly reports for the five a long time to 2021-22, distributed on the BCCI site Thursday, appeared the board had amassed a excess of 320 billion rupees ($2.7 billion) as of April 2022.
That year’s version of the IPL saw a net pay of $292 million from incomes of $771 million and costs of $479 million, concurring to reviewed account figures.
The BCCI has avoided publishing point by point accounts within the past. Some time recently Thursday, the board had not made nitty gritty accounts open since 2017.
Previous BCCI anti-corruption consultant Neeraj Kumar, who this year distributed a tell-all book approximately the board, criticized its mystery on funds amid an meet with Australian media in June.
The BCCI sold broadcast and digital streaming rights for the 2023-27 IPL competitions for an eye-popping $6.2 billion final year, with US monsters Disney and Viacom among the fruitful bidders.
He told the Sydney Morning Herald.
“It’s a matter of great pity that we are so rich and so much money is distributed to our states and never accounted for.”
That figure is more about two-and-a-half times the esteem of its past five-year media rights bargain.
This year, the BCCI organized its inaugural women’s version of the T20 competition, winning about $700 million in combined establishment and media rights.
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