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Ahead of IPL Mini Auction 2023, IPL valuation JUMPS to Rs 91,000 crore

Summarized by: Live Sports Direct
 
Ahead of IPL Mini Auction 2023, IPL valuation JUMPS to Rs 91,000 crore

The Indian Premier League has seen a 75 percent growth this year. The league is now valued at 11 billion US dollars. Media rights of IPL were sold for a total of Rs 46066 crore. TV rights were bought for Rs 23,575 crore and digital rights for Rs23,491 crore, and IPl sold two new franchises last year, Gujarat Titans and Lucknow Super Giants. IPP 2023 will kick off in April next year and will feature all ten teams.

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Multinational conglomerate Aditya Birla Group is in line to grab the Indian Premier League (IPL) title sponsorship rights having put in a massive bid of Rs 500 crore per year (INR 2500 crore in all) to be the title sponsors of the cash-rich league for the 2024-28 cycle. Notably, the reserve price for the IPL title sponsorship is INR 350 crore which…
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Mukesh Ambani-led Reliance Industries Ltd is nearing a cash and stock deal to buy Walt Disney Co.'s India operations, said a report on Monday. The US entertainment giant may sell a controlling stake in the Disney Star business, which it values at around $10 billion, while Reliance, whose broadcast venture Viacom18 runs JioCinema, values Disney's…
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Bilateral cricket media rights: Will BCCI make a killing again?

Bilateral cricket media rights: Will BCCI make a killing again?

On Thursday, 31 August, the Board of Control for Cricket in India (BCCI) will auction the media rights - for television (TV) and digital - for bilateral matches to be played in the country for the next five years. The hope is that the three bidders - Disney Star, Viacom18 and Sony Pictures Networks India (SPNI) - will loosen their purse strings…
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Cricket's New Frontier: IPL is Now Among the TopMost Sports Leagues Worldwide

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When talking about cricket alone, there's only one annual event that every cricket fan would agree that they wouldn't want to miss out on. We're talking about the Indian Premier League (IPL) where you can witness today's best local and international cricketers. In this article, we'll have a quick look at IPL's history, the latest viewership…
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Top 10 IPL teams and their brand values

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cricketing rights: Media players continue to bet big on India cricketing rights

cricketing rights: Media players continue to bet big on India cricketing rights

Media companies continue to invest big on cricketing rights in India even as increasing live-streaming viewership and splitting of TV and digital rights between different entities make monetisation of cricket events a challenge. Disney Star, Sony-Zee, Viacom 18, and smaller media players are expected to invest more than $11 billion on marquee…
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The Indian Premier League is, by all accounts, a sporting behemoth. Attracting superstar cricketers from all over the world - including the likes of Glenn Maxwell, Ben Stokes and Jos Buttler - while providing burgeoning Indian talents such as Rinku Singh and Shivam Dube a step up into the big leagues and more often than not, a shot at the national…
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Cricket is the most popular sport in India, with millions of fans across the country. With that considered, it's no surprise that cricket betting is also a popular activity in India, with many people placing bets on both major and minor cricket matches. However, the legality of cricket betting sites in India has been a topic of debate for a long…
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Ipl: IPL 2023: A global phenomenon attracting massive US investment

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It's time for IPL 2023- and cricket fever has hit India! This cricket league is not just popular in India- it is truly a global phenomenon. In fact, it's attracted massive attention from US investors- a country where cricket does not exist on such a large scale. Indian Premier League 2023 is a professional Twenty20 cricket league in India that has…
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Women's sport a winner as money pours into India cricket league

Women's sport a winner as money pours into India cricket league

MUMBAI: India's inaugural Women's Premier League cricket has generated hundreds of millions of dollars even before a ball is bowled on Saturday, with experts calling it a game-changing moment for women's sport. The Twenty20 tournament's five debut franchises together sold for nearly $200 million -- more than the eight founding teams of the men's…
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Women’s sport a winner as money pours into India cricket league

Women’s sport a winner as money pours into India cricket league

India's inaugural Women's Premier League cricket has generated hundreds of millions of dollars even before a ball is bowled on Saturday, with experts calling it a game-changing moment for women's sport. The Twenty20 tournament's five debut franchises together sold for nearly $200 million -- more than the eight founding teams of the men's Indian…
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Women's Sport A Winner As Money Pours Into India Cricket League

Women's Sport A Winner As Money Pours Into India Cricket League

India's inaugural Women's Premier League cricket has generated hundreds of millions of dollars even before a ball is bowled on Saturday, with experts calling it a game-changing moment for women's sport. The Twenty20 tournament's five debut franchises together sold for nearly $200 million -- more than the eight founding teams of the men's Indian…
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Since the inception in 2008, the domestic cricket league in India, the Indian Premier League (IPL) has become a revenue making machine in the sports world. Creating a shorter and more appealing match time with only 20 overs, the format has taken over the popularity of the viewership around the world compared to more traditional formats of…
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IPL will surpass America's NFL: Ex-England captain Andrew Strauss makes huge prediction

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In the decade since he founded the private investment firm RedBird Capital Partners, Gerry Cardinale has acquired stakes in sports properties as varied as Fenway Sports Group, the Yankees' YES Network and the Italian soccer team A C Milan. One of his partners at RedBird, Alec Scheiner, previously worked as a vice president of the NFL's Dallas…
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