IPL Fuels BCCI’s Financial Growth, Contributes ₹5,761 Crore In Revenue During FY 2023–24: Report

The Indian Premier League (IPL) continues to be the financial powerhouse behind the Board of Control for Cricket in India (BCCI), with a new report revealing that the popular T20 league accounted for 59% of the board’s total revenue in the financial year 2023–24.

According to The Hindu Business Line, citing data from Rediffusion, the BCCI earned a staggering ₹9,741.7 crore during the fiscal year. Of that amount, ₹5,761 crore came from the IPL alone, underlining the league’s unmatched commercial success.

“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 grows further," said business strategist and independent director Lloyd Mathias.

IPL’s Commercial Dominance

Since its inception in 2007, the IPL has evolved into one of the most lucrative sports properties globally. The tournament features 10 franchises and brings together elite cricketers from around the world. Its immense popularity has driven up media rights and sponsorship deals year after year, making it the primary source of income for Indian cricket's governing body.

Room to Grow Beyond IPL

While the IPL dominates the financial landscape, there’s growing consensus that the BCCI has yet to tap into the full commercial potential of its other properties. Non-IPL media rights, which include broadcasting deals for bilateral international series and domestic tournaments, brought in ₹361 crore in FY23–24 — a fraction of what the IPL generates.

Sandeep Goyal, Chief of Rediffusion, believes the BCCI is sitting on untapped opportunities within domestic cricket. He said,“BCCI has immense potential to commercialise traditional formats like Ranji Trophy, Duleep Trophy, or CK Nayudu Trophy to shore up non-IPL revenues,".

He added," 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,".

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