World Cup 2023 proved to be a very profitable deal for both BCCI and India.
New Delhi:
World Cup 2023 The end has come. Millions of Indian cricket fans are very disappointed. And it is natural that if a team loses the title after winning ten matches in a row and loses the title in the biggest match, the pain of the players and countrymen can be easily understood. However, the concluded World Cup proved to be a very profitable deal for the BCCI and the Indian economy. According to the estimates of Bank of Baroda, India’s leading financial institution, this ICC tournament has contributed about 2.7 billion dollars (about Rs. 22,000 thousand crores) to the Indian economy. At the same time, organizing the World Cup has generated huge profits for the ICC and the BCCI. There are three main sources of revenue for any tournament. Let’s know approximately how much amount the Indian board has to get from ICC.
Know how Irfan Pathan exposed the pitch
Find out why veterans say a toss isn’t necessary
1. Television rights rained nearly four and a half thousand crore rupees on the ICC.
The highest revenue from any tournament comes from TV rights. Star-Sports had the TV rights from the 2015 World Cup to the 2023 edition, which it bought for $2.02 billion. According to different reports, the ICC has received around $500 million in compensation from the TV rights of the 2023 World Cup. This will generate a profit of approximately Rs 4100 to 4500 crores.
3. Approximately this much revenue was generated from ticket sales.
Earnings from gate money (ticket sales) in matches is a very important source of income. Everyone saw how full the stadiums were after the opening matches of the World Cup 2023 were left empty. And tickets for the knockout matches were heavily blacked out. According to the report, the ICC earned nearly two thousand crore rupees from the ICC.
3. Almost as much money came from sponsorships
After TV rights, sponsorship is the second largest source of income from matches. MRF near ICC. There are six global partners including Booking.com, Emirates, seven official partners and four category partners including Dream-11. And it will get about three thousand crores of rupees
BCCI will get this amount from ICC
Overall, the ICC World Cup is expected to earn at least Rs 10,000 to eleven thousand crore from 2023 onwards. And now the ICC has announced that it will give 38.5% of its net earnings to India between 2024 and 2027. In such a situation if India gets four thousand crore rupees from ICC from the World Cup. But here it is also worth keeping in mind that the board has spent a lot. Means fifty crore rupees were given to each stadium for reconstruction work at ten venues and a lot of expenditure was also incurred on many other things, but overall the World Cup turned out to be a big money making event for the BCCI, which is reflected in its balance sheet. will make more rich