IPL has been a gold mine for investors. Many big companies are investing in it seeing the growth. So the value of teams is also increasing continuously. After the launch of this cricket league, in 2009, when Forbes evaluated the teams, the average value of 8 franchises was around $ 67 million (about Rs 515 crore).
This time the number of teams increased from 8 to 10, then again Forbes valued them, which reached $1.04 billion (about Rs 7965 crore). The annual growth rate of valuations of teams was 24%. Mumbai Indians was the most valuable IPL team, valued at Rs 9960 crore.
IPL beats American Basketball League and Football League in valuation
Forbes considered IPL as the fastest-growing league in the world. Its growth exceeded the growth of the largest basketball league, the NBA, and the American football league, the NFL. The current value of IPL is about $ 7 billion (about Rs 53,610 crore). After the new media rights, it is expected to cross $ 10 billion (about Rs 76590 crore).
Know all about media rights auctions in 5 points
1. Documents can be purchased till May 10
Tender documents of media rights can be purchased till May 10. After this, the documents submitted for about a month will be scrutinized and in the second week of June, the names of the companies that won the rights by winning the auction will be announced.
2. Four different buckets will be auctioned
This time BCCI is auctioning four different buckets of media rights. The first bucket belongs to TV rights in the Indian subcontinent. The second bucket is digital rights. 18 matches have been included in the third bucket.
These 18 matches include the first match of the season, the evening match with each weekend double-header, and four playoff matches. The fourth bucket includes broadcasting rights outside the Indian subcontinent.
3. Base price is Rs 32,890 crore
The BCCI has fixed a total base price of Rs 32,890 crore in all four buckets. The base price of television rights for each match has been fixed at Rs 49 crore. At the same time, the base price of digital rights of a match has been kept at Rs 33 crore.
The base price of each match in a 18 matches is Rs 16 crore. The base price per match for rights outside the Indian subcontinent is Rs 3 crore. In this way, the total amount is Rs 32,890. The board expects that it will get about 54 thousand crore rupees.
4. Auction of rights will be held in two days
The board has told that the auction of the first and second buckets will be held in one day. At the same time, the third and fourth buckets will be auctioned the next day. This process will be completed through e-auction. The winning company of the first bucket will be allowed to bid again for the second bucket.
That is, if the second bucket is bought by some other company, then the company that bought the first bucket can get it by paying more than that. Similarly, the winning company of the second bucket will be allowed to bid again for the third bucket.
5. Indian company will get the TV rights of the Indian subcontinent only
BCCI has told that only such a company can bid for the TV rights of the Indian subcontinent which is a registered broadcaster in India and has a net worth of more than Rs 1 thousand crores. The net worth of the bidder for the second, third and fourth buckets should be at least Rs 500 crore.
Soldiers will get new training on the India-China border: Israeli martial arts and Japanese aikido will be taught
Guarding the India-China border will now be done by such soldiers who will be more capable of fighting without weapons. After the Galwan incident, the Indo-Tibetan Border Police (ITBP) started the
Ram Nath Kovind: Former President Kovind will live in Ram Vilas Paswan's bungalow, this will be the new address
Draupadi Murmu has become the new President of the country. He also took oath on Monday. After this, the term of Ramnath Kovind was completed. Now his new address will not be Rashtrapati Bhavan, but
Himachal Election: Congress high command leaves for Shimla, called MLAs to one place, preparing to send them to Chhattisgarh
In Himachal Pradesh, the high command has started formulating the next strategy as the initial trend is in favor of the Congress till 11:30 am. Bhupinder Singh Hooda, former Chief Minister of Haryana
'Azadi March' to resume in Pakistan today, Imran Khan appeals to people to join in large numbers
After the deadly attack on former Prime Minister of Pakistan Imran Khan, Azadi March is being started once again from Thursday. Imran Khan has urged the people of Pakistan to join this march in
Bharat Jodo Yatra: 'Celebs got money for Rahul Gandhi's Bharat Jodo Yatra', Pooja Bhatt gave this befitting reply
Pooja Bhatt: Congress leader Rahul Gandhi's 'Bharat Jodo Yatra' has become a topic of discussion these days. Many famous stars of the Bollywood industry have also presented their participated in this
UP PET 2022: UP PET exam started, if you are joining then know the important rules
UP PET 2022: Uttar Pradesh Subordinate Services Selection Commission (UPSSSC) is going to conduct the Preliminary Eligibility Test (PET) on the 15th and 16th of October, 2022. It is necessary to
Saudi Arabia can give $ 5 billion help to Pakistan, which is facing an economic crisis, Crown Prince announced
Pakistan is facing a financial crisis. Pakistan, which is struggling with the condition of poverty, keeps taking help from other countries, in which it extends its hand to China and Saudi Arabia.
Petrol Diesel Price Today: Oil companies released the prices of petrol and diesel, know the prices of your city
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel for today. Today companies have changed the prices of oil in Delhi and Chennai. A few months back, the government
No sharp increase in rates by RBI may only increase by 0.25 percent in September: Deutsche Bank
Deutsche Bank said on Monday that fears of a sharp increase in monetary rates by the Reserve Bank of India (RBI) are now weakening. A higher rate hike is not expected by the RBI in September and the
OLA Uber Merger: Bhavish Aggarwal clarified on the discussion of the merger of Ola and Uber, said- 'Absolutely rubbish...'
OLA Uber Merger: Ola co-founder Bhavish Aggarwal has clarified that Ola and Uber are not going to merge. He has termed these reports as rubbish. There was a discussion about cab service providers Ola
