The WIPL franchise owners will get to keep 80% of the revenue in the first five years after the league starts. The BCCI recently floated a tender for the ownership of the five teams in the tournament. The first edition of WIPL will commence in March and the BCCI has invited parties for franchise ownership. January 21 is the deadline for the purchase of the tender and by 2025, all the teams will have an owner.
The ITT states that the formula of 60-40 will be implemented from 2028 for the next five years. From 20233, a 50-50 margin will be there between the teams and BCCI. For the first five years, the margin is 80-20 between the franchise and BCCI.
The IPL which has completed 15 years, has a 50-50 model. Their main revenue comes from sponsors and media rights. The WIPL media rights auction will be held on January 16 and the major parties are Star, Stony, and Zee.
With the growing popularity of women’s cricket in India, the potential for tournament success is very high. Besides the three contenders mentioned above, the other three competitors for the media rights will be Amazon Prime, FanCode, Times Internet, Google, and Discovery.
There’s also tough competition for franchise ownership. IPL franchises like CSK, PBKS, KKR, DC, and RR have already shown interest. Other private entities will be competing against them. However, the interested parties with a net worth of Rs.1000 crores will be eligible to be in the competition.
The ITT has given the interested parties the due date of January 13 to clarify all their clarifications. The tender will be available until January 21. For the verification process, January 23 is the deadline and the franchises will be allotted a closed bidding process on January 25. The highest bidder will be getting ownership of the team.
“We’ve applied to buy the bid document. Now we’ll have to find out about the economics of it. We are interested. If CSK doesn’t have a women’s team, it may not look good. We’d like to promote women’s cricket,” CSK CEO Kashi Viswanathan told TOI.
For WIPL, the players will be categorized into base prices ranging from 10 lakhs to Rs 50 lakhs. Smriti Madhana, Harmanpreet Kaur, and Deepti Sharma will be going under the hammer. Capped players will have a base price set from Rs.10 lakhs to Rs. 50 lakh and uncapped players to have a base price in the range of 10-20 lakhs. The last day doe registration closes on January 26 by 5 PM. The registry will be online. The BCCI will be dealing directly with the state associations and not the player agents for the auction.
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