Here is all you need to know about the net worth of BCCI and the list of the richest cricket board in the world in 2023
Although the Board of Control for Cricket in India (BCCI) is frequently recognised as the wealthiest cricket organisation globally, a new media article has disclosed the precise amounts of their present net worth.
Richest cricket board in the world 2023 ranking list and what is the net worth of BCCI
India’s national cricket governing organisation is called the Board of Control for Cricket in India (BCCI). Its headquarters are located in Mumbai’s Churchgate near the cricket stadium. It is the world’s richest cricket governing organisation. Along with other brands, it had signed sponsorship agreements with Paytm, MPL, Byju’s, and MasterCard.
The financial domination of the BCCI is largely due to India’s reputation as a cricket-mad country. Several cricketing nations find hosting India to be a lucrative opportunity due to the country’s enormous cricket market, which guarantees unmatched income generation. “Sport” refers to a wide range of games in numerous countries. For more than 90% of Indians who watch sports on television, it refers to cricket, their preferred sport.
The International Cricket Council (ICC), revenue shares, and media rights are the sources of the earnings. As per a report in Economic Times, for an astounding Rs 16,147 crore, the BCCI sold Star India; now known as Disney Star; the broadcast rights to the Indian Premier League (IPL) in 2017. Compared to the Rs 8,200 crore Sony Pictures Networks India paid for the ten-year period from 2008 to 2017, the media rights charge was more than twice as high.
Have a look at the top 10 richest boards in cricket ๐ pic.twitter.com/Tr27xpV0xD
— CricTracker (@Cricketracker) December 11, 2023
BCCI's current net worth is 28 times higher than that of the second-highest net worth in world cricket, which belongs to the Australian Cricket Board!๐คฏ๐ธ pic.twitter.com/GWPkLqr3PX
— CricketGully (@thecricketgully) December 8, 2023
It successfully sold Disney Star the media rights to India cricket matches the next year for Rs 6,138 crore. In 2012, Star India paid Rs 3,851 crore for the media rights to the BCCI, as per the outlet.
What is the net worth of BCCI?
With a significant edge over other cricket boards, this astounding figure illustrates the BCCI’s economic might. Compared to Cricket Australia, the BCCI’s net value is an astounding 28 times more, which serves to emphasise the difference.
According to Cricbuzz, BCCI’s current net worth is USD 2.25 billion (INR 18,700 crore). In actuality, according to the research, BCCI represents 85.88% of the top 10 boards’ total net worth.
Cricket Australia is worth INR 660 crore, or USD 79 million, more than the England & Wales Cricket Board (ECB), which is valued at USD 59 million.