Our Bureau
Mumbai
The Board of Control for Cricket in India (BCCI) is the richest cricket board in the entire world and a recent report has highlighted that the board has strengthened its coffers by Rs 14,627 crore in the past five years. The board has taken its cash and bank balance to Rs 20,686 crore with Rs 4,193 crore coming in the last financial year alone. The board’s rise can be seen through the general fund which has almost been doubled now going from Rs 3,906 crore in 2019 to Rs 7,988 crore in 2024.
According to the report, the statement of accounts, submitted at the 2024 AGM, states, “Honorary Secretary apprised the members that since 2019, the cash and bank balance of BCCI has increased from Rs 6,059 crore which was before disbursing any amount to the state cricket associations to Rs 20,686 crore which is after disbursing all amounts owed to the state cricket associations.”
“Therefore, since 2019, BCCI has added Rs 14,627 crore in the last five years. This is an increase of Rs 4,193 crore since the last financial year. Further, since 2019, the general fund too has increased from Rs 3,906 crore to Rs 7,988 crore which is an increase of Rs 4,082 crore,” the report added.
The report further highlighted that the cricketing body continues to set aside huge sums for tax liabilities. The BCCI has provisioned Rs 3,150 crore for FY 2023-24 while they were still contesting the matter in courts and tribunals.
“The BCCI has provisioned INR 3,150 crore towards income tax obligations for FY 2023-24. While BCCI is on the right track before the courts and tribunals, it has still made provisions towards paying any obligations that may arise towards tax,” said the report.
