The Board of Control for Cricket in India (BCCI) has recorded a revenue of Rs 27,411 crore during the financial years 2018-2022. This is a significant increase from the revenue of Rs 10,841 crore that the BCCI recorded in the previous five-year period (2013-2017).
The surge in revenue is largely due to the increase in the value of the Indian Premier League (IPL) media rights. In 2022, the BCCI sold the IPL media rights for a record Rs 48,390 crore. This is a 138% increase from the previous IPL media rights deal, which was worth Rs 20,000 crore.
The BCCI has also benefited from the increase in sponsorship revenue. In the past few years, the BCCI has signed new sponsorship deals with companies like Adidas, Dream11, and Byju's. These deals have helped to significantly boost the BCCI's revenue.
As a result of its increased revenue, the BCCI has been able to make significant investments in Indian cricket. The BCCI has increased the salaries of its players, improved the infrastructure of cricket grounds, and funded the development of grassroots cricket.
The BCCI is now the richest cricket board in the world. It is estimated that the BCCI's net worth is around $5 billion. The BCCI's wealth is a testament to the popularity of cricket in India. Cricket is the most popular sport in India, and it is followed by millions of people across the country. The BCCI is able to generate so much revenue because of the huge fan base for cricket in India.
The BCCI's wealth has also raised concerns about the governance of the organization. Some people have argued that the BCCI is too powerful and that it is not accountable to the public. The BCCI has been accused of corruption and mismanagement. However, the BCCI has denied these allegations.
Despite the concerns about its governance, the BCCI is a major force in world cricket. It is the richest cricket board in the world, and it has a huge impact on the sport. The BCCI's decisions can have a significant impact on the careers of cricketers, and they can also affect the schedule of international cricket matches.
The BCCI is a powerful organization, and it will be interesting to see how it evolves in the years to come. The BCCI will need to address the concerns about its governance if it wants to maintain its position as the richest cricket board in the world.
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