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India’s cricket board made a surplus of around $1.5 billion in the 5 years to 2021-22, the nation’s parliament heard throughout an uncommon check out the sporting body’s financial resources.
The Board of Control for Cricket in India (BCCI) does not generally release its financial resources in information.
It is understood to be one of the world’s most profitable governing bodies thanks to India’s diehard love of the video game and routine bidding wars over broadcast rights.
A federal government minister noted current BCCI incomes in parliament on Tuesday which exposed profits of $919 million and expense of $370 million for the year to March 2022, leaving a surplus of $549 million.
It was the board’s greatest surplus out of the 5 years from 2017-18, with profits of $3.3 billion and $1.8 billion in costs for the exact same duration.
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The all-powerful BCCI is frequently stated to call the shots in world cricket due to their outsized wealth compared to other nationwide cricket boards.
The BCCI likewise stands to make roughly $230 million each year in between 2024-27– or 38.5 percent of the International Cricket Council’s yearly profits of $600 million, according to ESPN Cricinfo.
In 2015, the BCCI offered its media rights for the hugely popular Indian Premier League Twenty20 competition for a massive $6.2 billion.
The board has actually just recently drifted a tender for media rights for its global and domestic matches which is set to enjoy another substantial windfall.
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