India cricket board makes $1.5b surplus in five years
Thursday, 10 August 2023
NEW DELHI, Aug 09 (AFP): India's cricket board earned a surplus of around $1.5 billion in the five years to 2021-22, the country's parliament heard during a rare look into the sporting body's finances.
The Board of Control for Cricket in India (BCCI) does not typically publish its finances in detail.
But it is known to be one of the world's most lucrative governing bodies thanks to India's diehard love of the game and periodic bidding wars over broadcast rights.
A government minister listed recent BCCI earnings in parliament on Tuesday which revealed revenue of $919 million and expenditure of $370 million for the year to March 2022, leaving a surplus of $549 million.
It was the board's biggest surplus out of the five years from 2017-18, with earnings of $3.3 billion and $1.8 billion in expenses for the same period.