BCCI Earns Whopping Profit In IPL 2023

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According to a report in Economic Times, BCCI has earned a surplus of Rs 5120 crore from the IPL 2023.

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The report further claimed that it was a 116 per cent jump from the Rs 2367 crore surplus that the BCCI earned from IPL 2022.

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BCCI's total income from IPL 2023 was Rs 11,769 crore, a 78 per cent year-on-year increase.

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The expenditure also increased 66 per cent to Rs 6648 crore, according to BCCI's annual report for 2022-23.

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A new media rights and sponsorship deals were the reason behind the growth, said the report.

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The new media rights deal is worth Rs 48,390 crore for the 2023-27 cycle. It started with the IPL 2023.

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The IPL TV rights were secured by Disney Star in 2021 for Rs 23,575 crore (for 2023-27).

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The digital rights went to Jio Cinema for Rs 23,758 crore. The IPL title rights were sold to Tata sons for Rs 2500 crore.

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