BCCI revealed how much they earned from the Indian Premier League 2023. In this blog, you may learn about their expense on media rights, and sponsorship deals for the 2023-2027 cycle.
The Women Premier League (WPL), which started in 2023, saw BCCI earn a collective amount of 636 crore through media rights, franchise fees, and sponsorship deals, and a total of 259 crore was spent on the same
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The BCCI Made a Bumper profit from IPL 2023, with a 116% additional increase in revenue.
The report states that the reason behind the growth is new media rights and sponsorship deals. The media rights deal for the 2023-2027 cycle is worth ₹48,390 crores.
According to Mumbai media reports the Board of Control for Cricket in India (BCCI) has earned an additional income of ₹5,120 crore from the Indian Premier League (IPL) 2023. As per reports, this marks a 116% increase in the additional income of ₹2,367 crore earned by BCCI from IPL 2022.
The report highlights that BCCI’s total income from IPL 2023 was ₹11,769 crore, showing 78% year-on-year growth. According to BCCI’s annual report for 2022-23, expenses also increased by 66% to ₹6,648 crore.
What is claimed in the Report?
The report states that new media rights and sponsorship deals were the driving factors behind the increase. The new media rights for the 2023-27 cycle are worth ₹48,390 crores, starting from IPL 2023. The IPL TV rights were acquired by Disney Star in 2021 for ₹23,575 crore (for 2023-2027).
While Jio Cinema secured the digital rights for ₹23,758 crore. The IPL rights were sold to TATA Sons for ₹25,00 crore.
Chennai Super Kings won the IPL 2023 Title
In IPL 2023, Chennai Super Kings won the title. In the final, under Dhoni’s leadership, the CSK team defeated Gujarat Titans. However, in 2024 CSK was captained by Ruturaj Gaikwad, while Hardik Pandya was the captain of Mumbai Indians.
IPL 2023 was in the spotlight for many reasons, the biggest one being the fight between Gautam Gambhir and Virat Kohli. However in 2024, they reconciled, and now Gautam Gambhir is the head coach of Team India.
