The Board of Control for Cricket in India (BCCI) doesn’t often reveal detailed monetary data.
However, due to India’s fervent love of the sport and recurrent bidding wars for broadcast rights, it’s reputed to be one of many world’s most worthwhile regulatory organisations.
On Tuesday, a authorities minister detailed latest BCCI earnings earlier than parliament, revealing earnings of $919 million and expenditure of $370 million for the fiscal 12 months ending March 2022, leaving a $549 million surplus.
It was the board’s largest surplus within the 5 years from 2017-18, with income of $3.3 billion and spending of $1.8 billion over the identical time.
Due to its outsized riches compared to different nationwide cricket boards, the omnipotent BCCI is typically believed to dictate the selections in worldwide cricket.
According to ESPN Cricinfo, the BCCI stands to earn round $230 million per 12 months between 2024 and 2027, or 38.5 p.c of the International Cricket Council‘s yearly income of $600 million.
The BCCI bought the published rights to the vastly profitable Indian Premier League (IPL) for a document $6.2 billion final 12 months.
The board lately issued a bidding for media rights to its worldwide and native matches, which is anticipated to usher in one other massive sum.
(With AFP inputs)
Source: timesofindia.indiatimes.com