Latest news with #RanjiTrophy-level
Time of India
4 days ago
- Business
- Time of India
Sports Business: BCCI posts record revenue of Rs 9,741.7 crore in FY 2023-24; IPL contributed Rs 5,761 crore
Logo of the Board of Control for Cricket in India (BCCI) The Board of Control for Cricket in India ( BCCI ) has reported record revenue of Rs 9,741.7 crore for the Financial Year 2023-24, with the Indian Premier League ( IPL ) emerging as the primary contributor at 59 percent of total earnings. The IPL generated Rs 5,761 crore, while the Board earned an additional Rs 361 crore from non-IPL media rights, according to a report by Rediffusion. The IPL's success has established itself as a crucial revenue stream for the BCCI since its inception in 2007, providing opportunities for players from various levels of cricket, including the Ranji Trophy. "BCCI in 2007 discovered a golden goose – the IPL which is now a 100 per cent part of the BCCI. The tournament is the best and media rights are constantly going up. IPL also ensures that players from Ranji Trophy-level get a playing field. IPL will continue to churn out profitability as it growth further," said Lloyd Mathias, business strategist and independent director, to The Hindu Business Line. 07:36 'Jay Shah Deserves Credit for How He Ran BCCI' | Arun Dhumal on BCCI's Commitment & Leadership The Board's revenue streams have diversified to include the Women's Premier League (WPL) and global rights, creating a substantial financial foundation built on fan engagement and strategic partnerships. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo "BCCI has immense potential to commercialise traditional formats like Ranji Trophy, Duleep Trophy, or CK Nayudu Trophy to shore up non-IPL revenues. Moreover, the board has close to Rs 30,000 crore in reserves, which brings in about Rs 1,000 crore a year in interest alone. These revenues aren't just sustainable—they are poised to grow 10–12 per cent annually, thanks to expanding sponsorships, media deals, and matchday earnings," said Sandeep Goyal, Chief of Rediffusion. The BCCI's financial model has proven successful, with the International Cricket Council (ICC) relying significantly on BCCI's funding contributions. Bombay Sport Exchange Ep 4: Prof. Ratnakar Shetty on BCCI, cricket politics & Indian cricket's growth "ICC depends on BCCI for the bulk of its funding. ICC is not driving revenue as it should," said Ajimon Francis, Managing Director at Brand Finance India. Despite a brief interruption during Operation Sindoor this year, the IPL's performance remained stable, demonstrating the league's resilience. The BCCI's influence extends beyond domestic cricket, with international cricket boards showing interest in collaboration. The Lancashire County Cricket Club's CEO reportedly suggested that the England and Wales Cricket Board (ECB) should offer BCCI a minority stake in the Hundred tournament to attract Indian men's players. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
News18
4 days ago
- Business
- News18
BCCI Generated Rs 9,741.7 Crore Revenue In 2023-24, IPL Alone Contributed Rs 5,761 Crore
Last Updated: The IPL boosted BCCI's revenue, contributing 59% of Rs 9,741.7 crore in FY23-24. The top T20 league features 10 teams and top cricket talent globally. The Indian Premier League has become a 'golden goose" for the BCCI as the world's richest cricket board's coffers continue to swell thanks to the ever-growing popularity of what is widely considered to be the world's best T20 league. According to a report, of the revenue that the Indian cricket board earned in Financial Year 2023-24, IPL alone contributed a whopping 59 per cent. The IPL is an annual franchise-based T20 tournament that sees participation from the top cricketing talent from India and around the world. As many as 10 teams take part in the competition which came into existence in 2007. As per a report in The Hindu Business Line, quoting Rediffusion, the BCCI generated Rs 9,741.7 crore revenue in FY23–24 of which IPL's contribution stands at Rs 5,761 crore. 'BCCI in 2007 discovered a golden goose – the IPL which is now a 100 per cent part of the BCCI. The tournament is the best and media rights are constantly going up. IPL also ensures that players from Ranji Trophy-level get a playing field. IPL will continue to churn out profitability as it growth further," the publication quoted business strategist and independent director Lloyd Mathias as saying. As per Sandeep Goyal, the Chief of Rediffusion, the board hasn't yet realised its full potential in terms of revenue generation as there's 'immense potential" to commercialise its domestic competitions including Ranji Trophy – India's top-flight domestic red-ball tournament. 'BCCI has immense potential to commercialise traditional formats like Ranji Trophy, Duleep Trophy, or CK Nayudu Trophy to shore up non-IPL revenues," Goyal said. '…the board has close to ₹30,000 crore in reserves, which brings in about ₹1,000 crore a year in interest alone. These revenues aren't just sustainable – they are poised to grow 10–12 per cent annually, thanks to expanding sponsorships, media deals, and matchday earnings," Goyal added. As per the report, the International Cricket Council (ICC), game's global governing body, is dependent on BCCI for funding since it's failing to drive revenue 'as it should". view comments First Published: July 18, 2025, 08:05 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
