The majority of the BCCI's influence derives from their financial strength. When the sports industry, including cricket, was enduring difficult times due to the epidemic, the BCCI was in charge of damage control.
BCCI Net Worth: The Board of Control for Cricket in India, also known as the BCCI, is the world’s largest and most influential cricket governing body. The majority of the BCCI’s influence derives from their financial strength. When the sports industry, including cricket, was enduring difficult times due to the epidemic, the BCCI was in charge of damage control.
While domestic cricket took a hit due to the postponement of the majority of India’s biggest domestic championships, the Indian Premier League saved the day by breaking attendance records. During the 2020-21 fiscal year, the BCCI earned a staggering sum of INR 1,522,01 crore by organising the cash-rich competition. In this article, we will investigate BCCI’s Net Worth in 2022.
The BCCI’s revenue has decreased in recent years. However, it has had no effect on the work of the apex board. In fact, the BCCI’s net worth has significantly surpassed INR 18,000 crore by 2022. Early in 2020, when the first wave of the Covid-19 epidemic caused a nationwide lockdown, the board’s total wealth was valued at INR 16,417,17 crore. In 2021, the BCCI was able to achieve a turnover of INR 18,011.84 crores in just one year. It demonstrates the Indian board’s efficiency and explains why the BCCI is the wealthiest cricket organisation in the world.
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The BCCI hit the jackpot in 2008 by launching the Indian Premier League and achieving record-breaking annual income growth. Every season, the mega-popularity league’s surpasses all expectations. For the IPL 2022, the official broadcasters of the IPL, the Walt Disney Company India (previously Star India), were required to pay an additional 30% for the media rights as the number of matches grew from 60 to 74.
Despite covid limits, IPL 2021 and IPL 2020 were, to the astonishment of many, more profitable for the BCCI than previous IPL editions. It may be due to variables such as a reduction in travel time and expenses, as well as the cost of lodging. The last two seasons were primarily played in the United Arab Emirates, with all games centred in only three stadiums. In terms of broadcasting money, however, the board earned less from the bilateral series.
The BCCI also achieved considerable cost savings for the IPL 2022. Four distinct sites in Mumbai and Pune hosted the entire competition. In the meantime, the Indian cricket board has scored a century by securing a record-breaking fee for the IPL 2023-2027. The IPL media rights for 2023 through 2027 were sold for a total of INR 48,390, with TV rights getting INR 23,575 crore and digital rights bringing in INR 23,758 crore for 410 matches.
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