For investors, IPL has been a treasure trove. As a result of the growth, many large corporations are investing in it. Consequently, the value of teams continues to rise. When Forbes appraised the teams after the league’s start in 2009, the average valuation of the eight franchises was roughly $ 67 million (about Rs 515 crore).
This time, the number of teams grew from eight to ten, and Forbes revalued them at $1.04 billion (about Rs 7965 crore). The annual rate of increase in team valuations was 24 percent. With a value of Rs 9960 crore, the Mumbai Indians were the most valuable IPL team.
To know more about each team’s valuation refer to the link below :
IPL Surpasses NBA to become fastest growing league
The IPL is regarded by Forbes as the world’s fastest-growing league. Its expansion outpaced that of the NBA and the NFL, the two most popular leagues in the world. IPL is worth almost $ 7 billion at the moment (about Rs 53,610 crore). It is likely to surpass $ 10 billion following the new media rights (about Rs 76590 crore).
Media Rights for IPL – For Next 5 years
The bidding documents for media rights for the IPL can be purchased until May 10. After that, the paperwork will be inspected for about a month, and the names of the companies that won the rights through the auction will be announced in the second week of June.
IPL Media Rights Base Price at 32,890 crores
IplA total base price of Rs 32,890 crore has been set by the BCCI. Each match’s base fee for television rights has been set at Rs 49 crore. At the same time, the base price of a match’s digital rights has been maintained at Rs 33 crore. In a cluster of 18 matches, the base fee for each match is Rs 16 crore. Outside of the Indian subcontinent, the base price per match is Rs 3 crore.
Hi there! I’m Vishnu. I was born and raised in Delhi, India. I am a freelance content writer and a blogger. I am currently a student studying at a prestigious Business school in India. I am an avid reader and writer.
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