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12,690cr (1.7 Billion dollars)
- After selling two new teams, BCCI has earned a scintillating amount of 12,690cr (1.7 Billion dollars).
firstsportz.com/cricket-how-much-bcci-earned-by-introducing-two-new-teams-in-ipl-2022/How much BCCI earned by introducing two new teams in IPL 2022?
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Oct 27, 2021 · In the recently concluded bid, the Board of Control for Cricket in India (BCCI) that owns IPL made Rs 12,715 crore by selling just two teams. The average price tag of a team now stands at Rs 6,357 crore, a whopping 17-fold jump in just 13 years.
- DIU
Sep 6, 2024 · According to the BCCI’s annual report for FY23, the 10 IPL teams collectively earned Rs 4,670 crore from the Board of Control for Cricket in India (BCCI) for IPL 2023, up from Rs 2,205 crore received from the central pool in IPL 2022.
- 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.
Nov 5, 2021 · On October 25 the Indian business conglomerate RPSG group and global private equity giant CVC Capital bought two new IPL franchises - Lucknow and Ahmedabad - for over Rs 12,715 crore (about US...
- Nagraj Gollapudi
Apr 7, 2023 · IPL's earnings from new teams: The IPL earned Rs 12,500 crore ($1.5 billion) from two new teams– Gujarat Titans and Lucknow Super Giants. RPSG group purchased the Lucknow franchisee for Rs 7,090 crore, while CVC won the Ahmedabad franchisee bid for Rs 5,625 crore. IPL's ad revenue:
4 hours ago · However, the report did mention that the overall purse for each team could go up to the Rs 115-120 crore mark, as compared to the salary cap of Rs 90 crore from the mega auction three years back ...
Jun 15, 2022 · The Board of Control for Cricket in India (BCCI) stunned a lot of people around the world as the Indian Premier League (IPL) became the second-most revenue-earning sporting property after selling...
