Search results
$1.04 billion
- Until last year, each IPL team was worth $64 million (Rs 489 Crore approx.) on an average. But with two new teams joining the tournament this year, the average is now up to $1.04 billion (over Rs 7 thousand 9 hundred Crore).
www.gqindia.com/get-smart/content/heres-the-list-of-forbes-most-valuable-teams-of-ipl-2022
People also ask
How much is an IPL team worth?
How do IPL franchises make money?
How profitable is the IPL?
How do IPL teams make money?
Apr 26, 2022 · And the IPL’s most valuable franchise, the $1.3 billion Mumbai Indians, is now worth more than six MLB teams, 27 NHL teams and every MLS team.
- Mike Ozanian
Apr 27, 2021 · How IPL Franchises make money? The IPL teams can also generate additional revenue by actually winning the tournament. The IPL offers a hefty prize amount which is distributed between the...
Mar 15, 2024 · As of 2023, Manoj Badale's Emerging Media IPL Ltd. holds the majority stake of the franchise (65%). RedBird Capital Partners, which is based in New York, acquires 15% ownership in the...
- The economics of IPL. BCCI collects massive revenues from broadcasters and Over-the-top (OTT) platforms by selling media rights. It deducts its share and a big chunk of its revenues are then shared with the IPL teams.
- Brand sponsorship. Apart from media revenue discussed above, IPL franchises generate a sizeable part of their revenue through brand sponsorships. Franchises tie-up with brands to offer visibility to the brand by endorsing their logos on their jerseys, headgear and team kits.
- Ticket sales. The global pandemic affected India’s biggest sporting gala in 2020 and 2021. However, it was back with a bang this year. Now that the stadiums are full of spectators again, a small portion of ticket sales will be offered to sponsors and the BCCI, the rest goes into the team’s wallet.
- Prize money. BCCI offers a colossal amount of prize money to the winning team. In 2018, IPL champion Chennai Super Kings took home ₹20 crore in prize money.
Dec 12, 2023 · Mumbai Indians become most valuable IPL brand with $87 million worth of valuation. As per the Brand Finance report, Mumbai Indians (MI) are leading this charge, standing tall as the most...
Nov 3, 2023 · The average Indian Premier League team is now worth more than $1 billion. That number would rise from a major Saudi investment. T he Indian Premier League Cricket has been a great investment....
Apr 29, 2022 · By Umaima Saeed. 29 April 2022. The Indian Premier League is one of the biggest and richest cricket leagues in the world. Until last year, each IPL team was worth $64 million (Rs 489 Crore...