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The Board of Control for Cricket in India (BCCI) has reported a remarkable surge in their financial reserves, with its cash and bank balance increasing from ₹16,493 crore in FY 2023 to an impressive ₹20,686 crore in FY 2024. This growth of 2024 is approximately ₹4,200 crore.
During the recent Apex Council meeting, Jay Shah, the former BCCI Secretary, shared detailed insights into the board’s financial performance. He highlighted that while the budgeted income for FY 2023-24 was estimated at ₹7,476 crore, the actual income surpassed expectations, reaching ₹8,995 crore. In addition, the general fund witnessed a healthy rise from ₹6,365 crore to ₹7,988 crore, marking an increase of ₹1,623 crore over the previous year.
Commenting on the achievement, Treasurer Ashish Shelar congratulated members on the board’s stellar financial performance. He noted that the budgeted income for the upcoming FY 2024-25 stands at ₹10,054 crore, with anticipated expenditure pegged at ₹2,348 crore. This leaves a significant budgeted surplus of around ₹7,705 crore. Mr. Shelar also emphasized the increased revenue share from the ICC and ACC, projected at ₹3,041 crore for the coming year. Additionally, ₹499 crore has been allocated to associations and ₹500 crore earmarked for infrastructure subsidies in FY 2024-25.
The members expressed their appreciation for the leadership, with Vice President Rajeev Shukla and other office bearers congratulating Jay Shah on his unopposed election as ICC Chairperson. They also commended his efforts to secure a greater revenue share for the BCCI from global cricket bodies.
North-East Cricket Development Progresses Amid Challenges
In another key update, the council reviewed the progress of the North-East Development Project, which aims to enhance cricket infrastructure in the region. Jay Shah presented a detailed report showcasing that the physical progress of the projects in various states ranged between 19% and 53%. Photographs of the ongoing work highlighted tangible improvements despite delays caused by factors such as weather fluctuations and electricity issues.
Hemang Amin, the BCCI’s Chief Operating Officer, briefed the members on the challenges in advancing the project. However, the council remained optimistic, with Rajeev Shukla acknowledging the visible strides made in boosting cricketing facilities in the North-East.
The Apex Council unanimously approved the financial statements for FY 2023-24 and the budget for FY 2024-25. With its financial footing stronger than ever, the BCCI continues to focus on strengthening cricket infrastructure and expanding its reach across India.
