Following a slump in revenue during the COVID-19-affected period, the Board of Control for Cricket in India aka the BCCI has seen a significant gain in its revenues. In the current financial year, the apex cricket body of the country has seen an increase of over 2000 crores. Moreover from the inaugural edition of the Women’s Premier League (WPL), BCCI earned around 378 crores. The BCCI expects the windfall of cash to improve as they predict a steady rise in profits.
BCCI Treasurer Ashish Shelar declared in the AGM that in the current financial, i.e 2022-23, the BCCI made an income of INR 6,558.80 crore. This is an INR 2,198.23 crore rise over NR 4,360.57 crore which was generated in the covid phase, i.e financial year 2021-22.
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“This is to bring to your notice that due to Covid 19, the cricketing season in 21-22 was cut down to only three tournaments. The domestic season of 2020-21 was at full strength except a few junior tournaments, like Under 16, etc. However, the year 2022-23 brought back all the hopes and confidence to conduct entire domestic season with enthusiasm (sic),” Shelar told the members of the state associations.
“The baton handed over to me by my predecessors in a very healthy financial position and I will make sure that it grows stronger as time passes to see in a position and where the BCCI stands today is a result of collective effort by all the ex and present officials. The broad horizon of vision in the form of leadership along with strong commitment of all members of the BCCI has taken the sport of cricket to such a respectable height in a span of very few years.
“The dedication and determination put in by the BCCI has made sure that the BCCI remains ethically and financially strong at all times. The BCCI has proved to the sports world how standard can be maintained in all situations (sic),” Shelar further said in his report.
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The inaugural edition of the Women’s Premier League (WPL) saw the BCCI earn Rs 377.49 crores. The BCCI expects its profits to increase exponentially and is predicting an annual income of INR 80,000 crore at the end of 2027.
In the Annual General Meeting, it was further agreed that the state associations would stop paying extra money to players who come as guest players. Though the state associations can hire guest players but won’t be able to pay extra money. These players will be given only the match fees.
