NEW DELHI: India’s cricket board banked nearly $300 million from last year’s iteration of its Indian Premier League, newly published financial documents have revealed.

The Board of Control for Cricket in India (BCCI) is one of the richest governing bodies in global sport, owing largely to the runaway success of the flagship Twenty20 tournament.

Annual reports for the five years to 2021-22, published on the BCCI website Thursday, showed the board had amassed a surplus of 320 billion rupees ($2.7 billion) as of April 2022. That year’s edition of the IPL saw a net income of $292 million from revenues of $771 million and expenses of $479 million, according to audited account figures.

Published in Dawn, August 19th, 2023