IPL valuation has grown to 75% since 2020 and lots’ current valuation is $10.9 billion as per D and P Advisory. It’s a known fact that BCCI shells out a huge amount of money to make this tournament look lucrative. Apparently, the IPL is the most popular and richest T20 cricket league.
The Board’s investment has now rewarded them with a good return with a huge profit margin. The IPL is now a Deacorn, a term used for businesses that have a value of more than $10.0 billion and it is the second-largest sporting league in the world.
In 2022, two new teams were added that added $1.6 billion to the tournament. The addition of Gujarat Titans and Lucknow Super Giants played an instrumental role in boosting the valuation of IPL. In the year 2020, this cash-rich league was valued $6.2 billion and in the next two years, it jumped to $10.0 billion.
It’s interesting to note that the IPL franchise owners are interested in multi-club ownership, a model that will act as a part of their long-term strategy in the future. The Knight Riders Group and owners of Mumbai Indian, Reliance Industries already own teams in the top leagues of the globe.
The “Beyond 22 Yards” report by D and P Advisory states that everything went through a humongous change in the auction of the IPL media rights from 2023 to 2027. The management sold the media rights at $6.2 billion which was three times higher compared to the five-year cycle in 2017.
The women’s Indian Premier League has been announced by the Board of Control for Cricket in India (BCCI), with a basic franchise fee of Rs 400 crores ($50 million). The IPL Ecosystem will gain a great deal from this pricing, which is more than that of the majority of other cricket leagues in the world.
