BCCI earned over 5000 crore from IPL 2023, 116 percent increase from 2022 season

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The Board of Control for Cricket in India (BCCI) saw a significant rise in earnings from the lucrative Indian Premier League (IPL). BCCI earned a surplus of 5,120 crore in IPL 2023, which is an increase by 116 percent as compared to the previous edition (2022). If we look at the total revenue generated from IPL 2023, it stood at 11,769 crore. The annual report for 2022-23 shared by BCCI also mentioned that the expenditure surged by 66 percent and amounted to 6,648 crore. The growth is attributed to the new media rights and sponsorship deals.

The new media rights are worth 48,390 crore for the 2023-27 cycle, which began with IPL 2023 season. Disney Star had acquired the IPL TV rights for 23,575 crore in 2021. Viacom18 network JioCinema had got the digital rights for 23,758 crore. BCCI's media rights revenue rose to 8,744 crore in IPL 2023 as compared to 3,780 crore in the previous season.

Disney Star previously was the lone party with both TV and digital rights between the years 2018-2022, and it had paid 16,347 crore to acquire the rights for five years.

If we switch focus to sponsors, BCCI had given the IPL title rights to Tata Sons for 2,500 crore for a five-year period. The cricket board made another 1,485 crore by selling other sponsorships to Ceat, MyCircle11, RuPay, among others.

The cash-rich league has ten franchises taking part and earnings from them jumped to 2,117 crore as compared to previous 1,730 crore. The sponsorship revenue was 847 crore, 19 crore higher than the year before.

If we look at other aspects of the annual report, BCCI's total bank balance stood at 16,493.2 crore at the end of FY23, which is a surge by 10,991.29 crore from the previous year. BCCI, meanwhile, paid 4,670 crore to IPL franchises from central pool in IPL 2023. It had spent 2,205 crore the year before.

Talking about the Women Premier League (WPL), which started in 2023, BCCI earned a collective amount 636 crore through media rights, franchise fees, and sponsorships, and a total of 259 crore was spent on the same.

Pankaj Chaudhary, the Minister of State for Finance, mentioned in the Rajya Sabha that the cricket board had paid a GST of 2,038 crore during FY23 and FY24.