If you love cricket, you might be curious about the Richest Cricket Boards in The World, how they make money, and where they spend it. In this blog, we will answer all your questions about cricket boards, including how they operate, what affects their finances, and the challenges they face. So, if you’re interested in the business side of cricket, keep reading until the end for an exciting and informative journey. Welcome to our exploration of the world of cricket boards!
What Is a Cricket Board
A cricket board is an administrative body that governs and manages cricket in a particular country or region. It’s responsible for overseeing all aspects of the sport, such as organizing matches and tournaments, selecting national teams, and promoting cricket. The cricket board is also in charge of managing the financial and commercial aspects of the sport, such as generating revenue, negotiating broadcasting rights, and investing in the development of cricket infrastructure and talent.
10 Richest Cricket Boards in the World
Board of Control for Cricket in India [BCCI]
BCCI was Established in year 1928 and its Headquarters is in Mumbai
The President of BCCI is Roger Binny
Board of Control for Cricket in India (BCCI), which was established in Mumbai in 1928. Speaking of BCCI’s income, in 2019-20 their income was 535 million US dollars, or 3730 crore rupees. In this, they earned 2500 crore rupees from the Indian Premier League (IPL) and 950 crore rupees from series in other countries, and 380 crore rupees from the International Cricket Council’s (ICC) eight-year revenue sharing deal.
Speaking only of broadcasting rights for Indian cricket matches, Star has won this contract. Star gave BCCI 6100 crore rupees from 2018 to 2023. Speaking of an average, Star gives BCCI 60 crore rupees for one match.
Speaking of BCCI’s IPL rights, in 2022 BCCI sold IPL rights for 48,390 crore rupees, in which TV rights were sold for 23,575 crore rupees and digital rights were sold for 20,500 crore rupees to Disney and Viacom, respectively. A total of 410 matches will be played in this from 2023 and 2027. This is why BCCI stands first in the list of Richest Cricket Boards in the world
The Total Networth of BCCI stands at 2.25 billion dollars that is ₹18,600 crore Rupees
Sponsors of BCCI are:
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Cricket Australia
Cricket Australia was established in the year 1905 and its headquarters is situated in Melbourne
The Chairperson of Cricket Australia is Dr Lachlan Henderson
Cricket Australia is the most successful cricket team in history. Fox Sports holds the broadcasting cricket rights of this board for six years, from 2018 to 2024, and paid Cricket Australia 1.18 billion, which is 9700 crore rupees for this deal.
One of the significant revenue streams for Cricket Australia is generated through the broadcasting rights of the Big Bash League, which is widely considered as one of the most popular T20 leagues globally.
The board’s total net worth is 412 million US dollars, which is ₹3400 crore rupees.
The Sponsors of Cricket Australia are:
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England and Wales Cricket Board [ECB]
ECB was founded is the year 1997 and its headquaters is situated in London
The Chairman of ECB is Richard Thompson
The England and Wales Cricket Board is one of the popular spots for cricket in the UK. Here, every year, 1,100,000 adults participate in cricket, and since 2009, Chance to Shine has introduced 4,000,000 school children to cricket.
In 2017, the ECB sold its media rights from 2014 to 2020 for 1.1 billion pounds, which is equivalent to 10,864 crore rupees. The funds from this deal are used to develop all the stars of ECB cricket, which includes first-class counties, national, county, and county board. A portion of their earnings comes from the sale of broadcasting rights for the Vitality Blast, a T20 league that is held in England.
The ECBs total net worth is 309 million US dollars, which is equivalent to ₹2554 crore rupees.
Sponsors of England Cricket Board are:
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Pakistan Cricket Board [PCB]
Pakistan Cricket Board was Established in 1949 and its Headquarters is located in Lahore
The President of PCB is Najam Sethi
The Pakistan Cricket Board is once again on the rise. After losing hosting rights for several years, Pakistan is now set to host major ICC cricket events, including the PSL, or the Pakistan Super League, in their country.
Majority of their revenue is earned through Broadcasting rights of Pakistan super league.
their total net worth is 117 million US dollars that is around ₹969 crore rupees.
Sponsors of Pakistan Cricket Board are:
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Bangladesh Cricket Board
Bangladesh Cricket Board was Founded is Year 1972 and Its headquarters is situated in Dhaka.
President of Bangladesh Cricket Board is Nazmul Hasan Papon
The Bangladesh Cricket Board participated in international cricket in 1977 and became a full member of the ICC in 2000
In recent years, the Bangladesh Cricket Board has risen rapidly, which has enabled their board to earn a lot of money. The income sources of this board are mainly sponsorship, broadcasting rights, and the Bangladesh Premier League.
The total Networth of the Bangladesh Cricket Board is 116 million US dollars, which is ₹959 crores
Sponsors of Bangladesh Cricket Board are:
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Cricket South Africa [CSA]
Cricket South Africa was Established in 1991 and its headquarters is in Johannesburg
President of CSA is Rihan Richards
South Africa, despite having many big names in cricket, has never won a World Cup. They are ranked six in this list. In the first financial year of South African cricket in 2018-19, they incurred a loss of 200 million South African dollars, which is ₹90,00,00,000.
Then in 2019-20, they made a profit of 50 million South African dollars, which is 22,00,00,000 rupees. However, due to the pandemic and their organizational stability, they suffered their biggest loss in the fourth year of 2022, which was 654 million South African dollars, which is ₹295,00,00,000.
They are now making profits again due to the South African Cricket Super League and new sponsorship agreements. They have also signed an agreement with Star Sports for four years, worth one billion South African dollars, which is ₹451,00,00,000.
The net worth of this board is 79 million dollars, which is ₹653 crore Rupees.
Sponsors of South Africa Cricket Board are:
New Zealand Cricket [NZC]
New Zealand Cricket board is one of the oldest Cricket boards which was founded in 1894 and its headquarters is located in Christchurch.
The President of NZC is Lesley Murdoch
The New Zealand Cricket Board is the first board to offer equal salary to both their male and women players. The board’s biggest income comes from broadcasting rights of their home matches and some tournaments such as World Cup sold by ICC.
Justin Vogar, the former president of the New Zealand Cricket Board, claimed that when they tour with India, they generate more revenue compared to touring other countries
The Networth of the New Zealand Cricket Board is worth 30 million dollars, which is equivalent to 200 crore rupees.
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Sponsors of New Zealand Cricket boards are:
West Indies Cricket Board [WICB]
The WICB was founded in year 1902 and its headquaters is located in St. John’s, Antigua
The President of the Cricket Board is Ricky Skerritt
The West Indies Cricket is made up of many countries, including Saint Lucia, Trinidad and Tobago, Guyana, and Barbados, among others.
This team, like many others, generates most of its revenue through broadcasting rights and sponsorships, and a majority of their income also comes from the Caribbean Premier League.
In total, the West Indies Cricket Board has an income of 16.8 million dollars that is around ₹140 Crores
Sponsors of WICB are:
Zimbabwe Cricket
Zimbabwe cricket was founded in year 1992 and Its headquarters is situated in Harare.
This board, headed by chairman Tavengwa Mukuhlani and CEO Wilfred Mukondiwa, has been making waves in the world of cricket.
The income of this board is generated through broadcasting rights and sponsorships, with companies like Coca Cola, Slag, sponsoring them.
With a Networth of 16.4 million dollars, that’s equivalent to about ₹135 crores
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Sri Lanka Cricket
Board of Cricket For Srilanka was established in 1975 and its headquarters is Situated in Colombo.
The president of this Cricket Board is Shammi Silva
Sri Lanka Cricket is ranked last on our list of the richest cricket boards in the world..
The Board of Cricket for Sri Lanka was renamed as Sri Lanka Cricket in 2003. The board provides salaries to its players based on their grade, where a player in Grade 1 receives $7500 for a Test match, $5500 for an ODI, and $3500 for a T20. During difficult times, when the board and the Sri Lanka country was going through a terrible financial situation, the Board of Control for Cricket in India (BCCI) played more matches against Sri Lanka in Sri Lanka and provided financial assistance to the Sri Lankan Board.
The Networth of this board is worth $14 million, which is approximately ₹115 crores.
Sponsors of Sri Lanka Cricket are:
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How a cricket Boards earns
Now that you’re familiar with the names and amounts of the world’s richest cricket boards, it’s crucial to recognize that a cricket board doesn’t rely on a single income stream. There are various sources of revenue that a cricket board can tap into, and in this section, we’ll delve deeper into exploring what these sources of income are.
Cricket boards around the world generate revenue from a variety of sources. Here are some of the main sources of income for a cricket board:
- Broadcasting rights: The most significant source of revenue for a cricket board is through the sale of broadcast rights to television and digital platforms. This includes selling the rights to broadcast live matches, as well as the rights to distribute highlights and other content.
- Sponsorships: Cricket boards also generate significant revenue through sponsorships from companies looking to promote their products and services to cricket fans. This can include sponsoring national teams, leagues, tournaments, and even individual players. There are different types of sponsorships:
- Title Sponsor: This is the main sponsor of the cricket board and is typically the most prominent sponsor. They provide the majority of the funding for the board and their name is often incorporated into the name of the league or tournament.
- Broadcast Sponsor: This type of sponsor provides funding for the broadcast of matches and events. They may also have the right to broadcast the matches on their channel or platform.
- Kit Sponsor: This sponsor provides the team’s uniforms and other apparel, and their branding is prominently displayed on the clothing.
- Ticket sales: Another important source of revenue for cricket boards is through ticket sales. This includes selling tickets for international matches, as well as for domestic leagues and tournaments
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These were some of the Most common examples Sources of Income for a Cricket Board
How a cricket board spends its money:
While you now have an understanding of the Richest cricket boards and their sources of income, it’s important to note that their revenue isn’t solely for their own benefit. The boards have to manage numerous expenses as well.
Despite a cricket board’s earnings looking good on paper, their expenses can often exceed their revenue, resulting in a loss.
- Player Salaries: One of the most significant expenses for a cricket board is player salaries. Top players command high salaries, and cricket boards must pay them a competitive wage to retain their services. Player salaries also include match fees, bonuses, and other incentives
- Team Travel and Accommodation: Cricket teams travel extensively, both domestically and internationally, for matches and tournaments. The cricket board is responsible for the travel and accommodation expenses of the team, which can include flights, hotel bookings, and ground transport.
- Event Organization and Management: Cricket boards organize and manage a range of events, including domestic and international matches, tournaments, and leagues. The expenses associated with these events include venue rentals, event management, security, catering, and other logistical costs.
- Coaching and Development Programs: Cricket boards invest in coaching and development programs to nurture and develop talent, both at the grassroots level and in the national team. These expenses include coach salaries, facility rentals, and equipment costs.
- Administrative and Operational Costs: Cricket boards also have administrative and operational costs, such as office rent, staffing, legal and accounting fees, and other overhead expenses.
- Many people tend to assume that the expenses of a cricket board are solely limited to their men’s team. However, cricket boards around the world are responsible for managing and funding a wide range of teams and programs, including the men’s, women’s, U19, and disabled teams.
- Here’s a breakdown of the different types of teams that cricket boards have to manage and fund:
- Men’s Team: The men’s team is typically the flagship team for a cricket board, and the most high-profile. This team usually commands the largest share of the cricket board’s resources, including player salaries, travel, accommodation, and event management expenses.
- Women’s Team: In recent years, the women’s game has gained more prominence, and cricket boards have begun to invest more in their women’s teams. These teams require similar expenses to the men’s teams, including player salaries, travel, accommodation, and event management costs.
- U19 Team: The U19 team is typically made up of younger players, who are in the early stages of their cricketing careers. The expenses associated with the U19 team include player salaries, coaching and development programs, travel, accommodation, and event management.
- Disabled Team: Cricket boards are also responsible for managing and funding disabled cricket teams. These teams require specialized resources and facilities, and the expenses associated with them include player salaries, coaching and development programs, travel, accommodation, and event management.
It’s important to note that while a cricket board’s earnings may look good on paper, their expenses can often exceed their revenue. In such cases, the board may have to take steps to reduce expenses, such as trimming player salaries or reducing event budgets, to avoid running at a loss.
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