The BCCI has strengthened its coffers by ₹14,627 crore over the previous five years, together with ₹4,193 crore in the last financial yr alone, taking its money and financial institution steadiness to ₹20,686 crore, in line with a report.
The rise, recorded after disbursing all dues to state models, has seen the overall fund virtually double from ₹3,906 crore in 2019 to ₹7,988 crore in 2024 as per the figures shared with state associations, says a report in ‘Cricbuzz’.
According to the report, the assertion of accounts, submitted on the 2024 AGM, reads, “Honorary Secretary apprised the members that since 2019, the cash and bank balance of BCCI has increased from ₹6,059 crore which was before disbursing any amount to the state cricket associations to ₹20,686 crore which is after disbursing all amounts owed to the state cricket associations.”
“Therefore, since 2019, BCCI has added ₹14,627 crore in the last five years. This is an increase of ₹4,193 crore since the last financial year. Further, since 2019, the general fund too has increased from ₹3,906 crore to ₹7,988 crore which is an increase of ₹4,082 crore,” it stated.
It additional acknowledged that the BCCI continues to put aside enormous sums for tax liabilities, provisioning ₹3,150 crore for FY 2023-24 whereas contesting the matter in courts and tribunals.
“The BCCI has provisioned ₹3,150 crore towards income tax obligations for FY 2023-24. While BCCI is on the right track before the courts and tribunals, it has still made provisions towards paying any obligations that may arise towards tax,” stated the report.
Even as gross media rights revenue dipped to ₹813.14 crore from ₹2,524.80 crore resulting from fewer dwelling internationals, funding revenue jumped to ₹986.45 crore from ₹533.05 crore, attributed to larger returns secured on deposits.
Aided by IPL earnings and ICC distributions, the BCCI posted a surplus of ₹1,623.08 crore for 2023-24, up from ₹1,167.99 crore in the earlier yr, in line with the report.
For 2023-24, the BCCI allotted ₹1,200 crore in direction of infrastructure growth, ₹350 crore for the platinum jubilee benevolent fund, and ₹500 crore for cricket growth.
The report stated that state associations obtained ₹1,990.18 crore, with ₹2,013.97 crore projected for the present yr.
The figures can be formally offered on the Annual General Meeting of the BCCI on September 28, the report stated.
