New Delhi: The Board of Control for Cricket in India (BCCI) has recorded a staggering revenue of ₹9,741.7 crore for the financial year 2023–24, with the Indian Premier League (IPL) alone contributing a massive ₹5,761 crore, which is 59% of the board’s total earnings. The IPL’s overwhelming financial impact continues to solidify its status as the crown jewel of Indian cricket.
The IPL, a premier franchise-based T20 tournament that debuted in 2007, now comprises 10 teams and showcases top-tier cricket talent from India and around the globe. Its ever-increasing popularity and media value have turned it into a “golden goose” for the BCCI, driving a substantial portion of the board’s revenue and reinforcing its dominance in the cricketing world.
According to a report published in The Hindu Business Line, quoting Rediffusion, the IPL has become integral to the BCCI’s financial ecosystem. Commenting on this, business strategist and independent director Lloyd Mathias noted that the IPL has not only become central to the BCCI’s operations but also contributes to the growth of domestic players by offering them a competitive and commercial platform. “Media rights are constantly climbing, and the tournament ensures that talent from the grassroots — like the Ranji Trophy — gets visibility. IPL’s profitability is here to stay,” he said.
The report also highlighted the BCCI’s robust financial standing, with reserves estimated at ₹30,000 crore, generating around ₹1,000 crore annually through interest income. These revenues are expected to grow by 10–12% each year, supported by increasing sponsorship deals, lucrative media rights, and match-day revenues.
Interestingly, while the BCCI continues to thrive financially, the International Cricket Council (ICC) — the game’s global governing body — is reportedly struggling to generate sufficient income independently and remains significantly reliant on funding from the BCCI.
As the IPL continues to expand in scope and influence, it not only fuels the BCCI’s financial engine but also reaffirms India’s position at the helm of global cricket economics.
