The Board of Control for Cricket in India (BCCI) has reported a significant increase in its financial position, with bank balances rising by Rs 14,627 crore since 2019. According to a report circulated among state associations, the BCCI’s bank balance stood at Rs 20,686 crore as of the previous year, with substantial provisions made for income tax obligations and state cricket associations for the fiscal year 2023-24.The BCCI’s Honorary Secretary informed members about the substantial growth in finances over the past five years, as detailed in the statement of accounts presented at the 2024 AGM.“Honorary Secretary apprised the members that since 2019, the cash and bank balance of BCCI has increased from INR 6,059 crore which was before disbursing any amount to the state cricket associations to INR 20,686 crore which is after disbursing all amounts owed to the state cricket associations,” reports Cricbuzz, quoting a portion of the 2024 AGM.The board’s general fund has also seen considerable growth, increasing from Rs 3,906 crore to Rs 7,988 crore since 2019, marking an increase of Rs 4,082 crore.The BCCI has set aside Rs 3,150 crore for income tax obligations in FY 2023-24, while continuing to pursue appeals in various tribunals.“The BCCI has provisioned INR 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.”The board’s media rights income from international fixtures Rs to INR 813.14 crore from Rs 2,524.80 crore in the previous year, primarily due to fewer international home matches during the ICC Cricket World Cup 2023 period.The gross receipts from Men’s Senior International Tours and events showed a decrease to Rs 361.22 crore compared to Rs 642.78 crore from the previous year.The BCCI’s investment income showed strong performance, with interest income on bank deposits reaching Rs 986.45 crore, up from Rs 533.05 crore in the previous year.The board reported a surplus of Rs 1,623.08 crore, an increase from Rs 1,167.99 crore in the previous year, attributed mainly to increased IPL 2023 surplus and ICC distributions.The BCCI has allocated substantial funds for development initiatives, including Rs 1,200 crore for infrastructure development, INR 350 crore for a platinum jubilee benevolent fund, and Rs 500 crore for cricket development infrastructure.The board has also made significant provisions for state cricket associations, with Rs 1,990.18 crore allocated for 2023-24 and a projected allocation of Rs 2,013.97 crore for 2024-25.These financial allocations reflect the BCCI’s commitment to cricket development and support for former players, while maintaining strong fiscal management and growth in various revenue streams.
