MUMBAI: The BCCI, the richest cricketing body in the world by a long mile, was worth just under Rs 145 billion at the end of financial year 2018-19.
To be precise, the BCCI was worth Rs 144.898 billion (Rs 144.8980 crore) as per the latest balance sheet available, which was accessed by IANS.
Not surprisingly, more than half of the Rs 4,017.11 crore the BCCI earned under “income” during the year – Rs 2,407.46 crore – came from the 2018 edition of the Indian Premier League (IPL).
During FY 2018-19, the second biggest income stream came from grant of media rights of the Indian team – Rs 828 crore. The BCCI incurred an expenditure of Rs 1,592.12 crore during the year.
Of the BCCI’s Rs 14,489.80 crore net worth, as on March 31, 2019, the main sources include general fund that stands at Rs 3,906.88 crore and earmarked funds, which are Rs 3,243.41 crore.
The BCCI’s net worth includes, amongst other heads, its bank balance, fixed deposits, and fixed assets etc, IANS further reports.
Apart from the IPL, the other main sources of income in 2018-19, according the balance sheet, were the men’s senior international tours/tournaments hosted in India (Rs 446.26 crore), interest from the banks (Rs 290.73 crore), and income from the ICC/Asian Cricket Council (Rs 25.03 crore).
