BCCI Reports ₹14,627 Crore Surge in Cash Reserves Over Five Years

The Board of Control for Cricket in India (BCCI) has reported a significant increase of ₹14,627 crore in its cash and bank balance over the past five years. This boost follows the board’s successful clearance of all dues to state cricket associations. As of the last fiscal year, the BCCI added an impressive ₹4,193 crore to its reserves, bringing the total cash and bank balance to ₹20,686 crore.

A detailed statement of accounts presented at the board’s Annual General Meeting (AGM) highlighted the growth in the BCCI’s financial standing. The BCCI’s general fund has nearly doubled, rising from ₹3,906 crore in 2019 to ₹7,988 crore in 2024. These figures were shared with state associations, according to a report by Cricbuzz.

Financial Insights and Allocations

The statement of accounts revealed that the BCCI’s cash and bank reserves increased from ₹6,059 crore before disbursing amounts owed to state cricket associations. This substantial growth reflects the board’s strong financial management. Additionally, the BCCI has allocated ₹3,150 crore for tax liabilities in the fiscal year 2023-24, which is currently under contestation in courts and tribunals. Despite the ongoing legal challenges, the board has made provisions to meet any potential tax obligations.

While the BCCI experienced a decline in gross media rights income, which fell to ₹813.14 crore from ₹2,524.80 crore due to fewer home international matches, the board has seen a sharp rise in investment income. This income surged from ₹533.05 crore to ₹986.45 crore, benefiting from higher returns on deposits. This diversification in revenue streams showcases the board’s resilience in navigating fluctuations in income.

Surplus and Future Investments

The BCCI’s financial performance for the fiscal year 2023-24 indicates a surplus of ₹1,623.08 crore, an increase from the previous year’s surplus of ₹1,167.99 crore. This surplus has been bolstered by earnings from the Indian Premier League (IPL) and distributions from the International Cricket Council (ICC).

Looking ahead, the BCCI has earmarked significant funds for various initiatives, including ₹1,200 crore for infrastructure development, ₹350 crore for the platinum jubilee benevolent fund, and ₹500 crore for cricket development. These allocations demonstrate the board’s commitment to enhancing the sport’s infrastructure and supporting its long-term growth.

In summary, the BCCI’s impressive financial results reflect a robust strategy that combines revenue generation, prudent financial management, and a commitment to cricket development in India.