The Board of Control for Cricket in India (BCCI) has reported a significant surplus of ₹5,120 crore from the Indian Premier League (IPL) 2023, marking a 116% increase compared to the ₹2,367 crore surplus from the previous year, according to a report by the Economic Times.
This financial boost was largely driven by a 78% year-on-year surge in total income, which reached ₹11,769 crore. The growth is attributed primarily to new media rights and sponsorship deals that came into effect with the IPL 2023 season.
A key factor in this financial success was the media rights income, which soared by 131% to ₹8,744 crore from the previous year’s ₹3,780 crore. The BCCI secured a lucrative media rights deal worth ₹48,390 crore for the 2023-2027 cycle, with Disney Star obtaining the TV rights for ₹23,575 crore and Viacom18’s JioCinema acquiring the digital rights for ₹23,758 crore.
In addition, the IPL title rights were sold to Tata Sons for ₹2,500 crore for a five-year period, and associate sponsorships brought in an additional ₹1,485 crore from brands such as MyCircle11, RuPay, AngelOne, and Ceat.
The Women’s Premier League (WPL), which made its debut in 2023, also contributed to the BCCI’s financial success, generating a surplus of ₹377 crore. The WPL’s income, which totaled ₹636 crore, came from media rights, franchise fees, and sponsorships, while expenditures were ₹259 crore.
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The report further noted that the BCCI’s expenditure for IPL 2023 increased by 66% to ₹6,648 crore. The board also distributed ₹4,670 crore to IPL franchises from the central revenue pool, more than double the amount distributed in the previous season. Overall, the BCCI’s surplus for the fiscal year rose by 38% to ₹3,727 crore, with total income increasing by 50% to ₹6,558 crore, while expenditure grew by 70% to ₹2,831 crore.
As the fiscal year ended, the BCCI’s financial position remained robust, with a bank balance of ₹16,493.2 crore in various savings, current accounts, and fixed deposits, up from ₹10,991.29 crore the previous year.
However, despite these financial successes, the BCCI faces challenges regarding India’s participation in the ICC Champions Trophy 2025, which is scheduled to be held in Pakistan. Due to strained political relations between India and Pakistan, the BCCI has decided that the Indian team will not travel to Pakistan. Instead, the board plans to request that the International Cricket Council (ICC) hold India’s matches at a neutral venue, such as Sri Lanka or Dubai.
While the BCCI’s strong financial performance has solidified its position as a dominant force in global cricket, ongoing geopolitical tensions between India and Pakistan could complicate future international cricket events involving the two nations.
