Report: BCCI’s net worth over INR 18,700 crore. The BCCI’s net value was estimated to be USD2.25 billion in November 2023.
The BCCI’s net worth (Board of Control for Cricket in India) is now INR 18760 crores. It is 28 times more than Cricket Australia’s second highest, which is INR 658 crore. The Indian Premier League (IPL) has aided the Indian cricket board’s financial growth. The BCCI’s net value was estimated to be USD2.25 billion in November 2023.
According to Cricbuzz, Cricket Australia is substantially wealthier than the BCCI, with a net worth of INR 658 crores ($78 million approx). The BBL is a significant contributor to CA’s financial success, ranking among the richest and most popular T20 competitions in the world. Notably, despite being eclipsed by the BCCI, Cricket Australia’s revenue trend remains outstanding.
The England and ECB, on the other hand, ranks third with a net value of $59 million. Demonstrating the financial strength of English cricket. The sport’s popularity in the country, as seen by continuously crowded stadiums, is critical to the ECB’s earnings. Furthermore, the ECB’s financial situation demonstrates the global attractiveness of English cricket.
Also Visit: WPL 2024 Auction: Aakash Chopra selects two players who may spark a bidding battle
Here’s how the ODI World Cup 2023 boosted the Indian economy by INR 22,000 crore
Cricket evokes a vast spectrum of emotions in many aspects of life in India, where it is more than simply a sport but a national religion. Cricket has a significant economic impact, aside from the deafening clapping at the stadium.
Notably, despite India’s defeat in the finals of the 2023 ICC Men’s Cricket World Cup. The ICC takes consolation in its abundant financial success, with the BCCI emerging as a key contributor to this achievement. According to an Ecomonic Times article, the BCCI has revenues of INR 4,360 crore as of March 2022. It continues to consolidate a significant percentage of its profits through the ICC’s yearly revenue share scheme.
Also Read: Sanjay Bangar named Head of Cricket Development for the Punjab Kings.