There is no doubt in the fact that Indians love cricket more than any other sport. Cricket is nothing less of a religion for the people of India. It is the most popular sport in this country. The authority responsible for the functioning of cricket matches in India is Board of Control for Cricket in India (BCCI). BCCI is the national governing body for cricket in India. The headquarters of BCCI are located in Wankhede Stadium, Mumbai. BCCI was formed in December, 1928 as a society under the Tamil Nadu Societies Registration Act. You must have heard about huge salaries of Indian cricketers, large amount of sponsorship deals, big donations made by BCCI and many other things. There was a time it was not even possible to pay the cricketers on time. In the present time, BCCI is the most powerful authority and only because of it’s financial help, international cricket is able to survive. BCCI is responsible for almost 80% of the Cricket’s global income. But have you ever wondered Why BCCI is so rich?
Why BCCI is so rich?
Many factors have contributed to the growing net worth of BCCI. The following are the reasons as to Why BCCI is so rich :-
1. Introduction of Indian Premier League
The main crucial reason behind the immense wealth of BCCI is IPL. The introduction of IPL in 2008 was the starting of a new era in the Indian cricket. It was just a start as BCCI started to make huge chunks of money. Bollywood and Cricket came together which was loved by the Indian public. It resulted in stadiums being full and Television sponsorship reaching new heights. The corporate sector and business giants also started developing interest in Cricket. After more than a decade, India is a superpower in world cricket.