By AFP
NEW DELHI: India’s cricket board earned a surplus of round $1.5 billion within the 5 years to 2021-22, the nation’s parliament heard throughout a uncommon look into the sporting physique’s funds.
The Board of Control for Cricket in India (BCCI) doesn’t usually publish its funds intimately.
But it’s recognized to be one of many world’s most profitable governing our bodies due to India’s diehard love of the sport and periodic bidding wars over broadcast rights.
A authorities minister listed latest BCCI earnings in parliament on Tuesday which revealed income of $919 million and expenditure of $370 million for the yr to March 2022, leaving a surplus of $549 million.
It was the board’s greatest surplus out of the 5 years from 2017-18, with earnings of $3.3 billion and $1.8 billion in bills for a similar interval.
The omnipotent BCCI is usually mentioned to name the photographs in world cricket because of their outsized wealth in comparison with different nationwide cricket boards.
The BCCI additionally stands to earn roughly $230 million per yr between 2024-27 — or 38.5 per cent of the International Cricket Council’s annual earnings of $600 million, in line with ESPN Cricinfo.
Last yr, the BCCI bought its media rights for the wildly widespread Indian Premier League Twenty20 event for a whopping $6.2 billion.
The board has not too long ago floated a young for media rights for its worldwide and home matches which is about to reap one other enormous windfall.
NEW DELHI: India’s cricket board earned a surplus of round $1.5 billion within the 5 years to 2021-22, the nation’s parliament heard throughout a uncommon look into the sporting physique’s funds.
The Board of Control for Cricket in India (BCCI) doesn’t usually publish its funds intimately.
But it’s recognized to be one of many world’s most profitable governing our bodies due to India’s diehard love of the sport and periodic bidding wars over broadcast rights.googletag.cmd.push(operate() googletag.show(‘div-gpt-ad-8052921-2’); );
A authorities minister listed latest BCCI earnings in parliament on Tuesday which revealed income of $919 million and expenditure of $370 million for the yr to March 2022, leaving a surplus of $549 million.
It was the board’s greatest surplus out of the 5 years from 2017-18, with earnings of $3.3 billion and $1.8 billion in bills for a similar interval.
The omnipotent BCCI is usually mentioned to name the photographs in world cricket because of their outsized wealth in comparison with different nationwide cricket boards.
The BCCI additionally stands to earn roughly $230 million per yr between 2024-27 — or 38.5 per cent of the International Cricket Council’s annual earnings of $600 million, in line with ESPN Cricinfo.
Last yr, the BCCI bought its media rights for the wildly widespread Indian Premier League Twenty20 event for a whopping $6.2 billion.
The board has not too long ago floated a young for media rights for its worldwide and home matches which is about to reap one other enormous windfall.
