India had to face defeat in the World Cup
If the world’s richest cricket board i.e. BCCI (Board of Control for Cricket in India) were truly a company, it would have been at par with Tata and Britannia. If its earnings from ICC Men’s Cricket World Cup are included, then it would challenge Anand Mahindra’s Mahindra And Mahindra. Let us tell you how BCCI earns…
If we talk about revenue, BCCI has ‘Indian Premier League’ (IPL) which has been earning huge amount since 2008. Even in 2022, 51% of BCI’s total revenue came from IPL alone. Apart from this, BCCI earns the most from media rights. This year his income is going to be tremendous because he has organized the Cricket World Cup. Anyway, this is the first time that India has conducted the entire World Cup alone.
BCCI has strong balance sheet
BCCI has said to earn revenue of Rs 4360 crore by the end of March 2022. This year the World Cup also took place in India. In such a situation, its revenue is expected to increase manifold. Due to organizing the World Cup, BCCI will also continue to get a part of ICC’s earnings for the next 4 years i.e. till 2027. By earning like this, BCCI is among the few sports boards in the world which have Rs 10,000 crore cash lying in their balance sheet.
Where BCCI earns from IPL. According to ET, the second major source of his income is the media rights of the match. Now BCCI had collected a revenue of Rs 48,391 crore from the media rights of the recent IPL. Whereas in 2021, revenue of Rs 7090 crore was earned by selling the rights of two new IPL teams ‘Lucknow Super Giants’ and Rs 5625 crore of Gujarat Titans.
This is how Tata and Mahindra compete
If BCCI were a company. If it was listed in the stock market on the basis of such balance sheet and earning model, BCCI would have proved to be gold for investors. According to the earnings figures of 2022, its mcap would have been Rs 1.3 lakh crore, which would have been equal to Tata Consumer and Britannia Industries of the Tata Group.
Not only this, if BCCI’s earnings for the financial year 2023-4 are estimated, then its revenue would have increased by about 25 percent to Rs 6800 crore. At that time its market cap would have been around Rs 2.04 lakh crore, which would be equal to Mahindra & Mahindra as of today.
Source: www.tv9hindi.com
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