Sports Business: BCCI posts revenue of Rs 9,741.7 cr in FY 2023-24; IPL contributes 59 percent

The BCCI has announced record revenue of Rs 9,741.7 crore for FY 23-24, fuelled primarily by the IPL, which contributed 59% of total earnings. The IPL’s success provides opportunities for players and ensures profitability, while the BCCI explores commercialising traditional formats and leveraging its substantial reserves. International cricket boards are also seeking collaboration, highlighting the BCCI’s significant influence.