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IPL Media Rights | BCCI set to make over 48,000 cr

IPL Media Rights Auction

The three-day saga for IPL Media Rights ended on 14th June with BCCI walking away with 3 times more money than the previous media rights cycle. Broadcasters will pay a sum of over 48,000 cr rupees over the five years (2023 -2027) to broadcast the Indian Premier League to fans all over the world. IPL … Read more

Summary of IPL 2022 Mega Auction

summary of IPL 2022 Mega Auction

Auction of IPL 2022 concluded on 13th February, Sunday in Bangalore. Let us run through the entire summary of the IPL 2022 Mega auction in this article. Midway through the auction, Hugh  Edmeades collapsed and was rushed to the hospital. Post restart of the auction, Mr Charu Sharma took the stage and conducted the auction, … Read more

Chennai Super Kings valuation reaches $1 billion. Becomes a Unicorn

Chennai Super Kings becomes a Unicorn

Indian Premier League franchise Chennai Super Kings becomes the first IPL team to become a unicorn. The market cap of the 4 times IPL Champions crossed the 1 billion dollar mark in the unlisted market as the shares traded in the range of 210 to 220 price bands. Notably, the market cap of Chennai Super … Read more

Two new IPL teams announced. Who are they?

2 new IPL Teams announced

BCCI on October 25 has officially announced the two new IPL teams. RPSG Group and CVC Capital have won the bids for Lucknow and Ahmedabad franchises respectively. The Governing Council of the IPL had issued the ‘Invitation to Tender’ (ITT) document for payment of non-refundable tender fees of INR 10lakhs on August 31, 2021. 22 … Read more

IPL teams go crypto – Is it the way forward?

IPL Teams go Crypto

We know how teams and sporting entities have been losing out on revenue ever since the pandemic began. The sudden suspension of the IPL 2021 meant that the key stakeholders had to face a major business and monetary impact. With no matches, cash from TV rights and support deals has contracted considerably. In the meanwhile, … Read more

Jio officially announced as Title Sponsor of Women’s T20 Challenge 2020

Jio Women T20 Challenge Sponsor IPL

Sports Business: The Board of Control for Cricket in India announced Jio as Title Sponsor of the Women’s T20 Challenge for the 2020 edition to be held in Sharjah, UAE. This is the first time a sponsor has signed up with the BCCI in regards to Women’s cricket, marking a new beginning. Mr Jay Shah, … Read more

Sports Business: Delhi Capitals partners with multiple brands for IPL 2020

Delhi Capitals IPL Sponsorship

Delhi Capitals announced its partnership with Livingaurd as Official Hygiene partner and with Astral Adhesives as their brand partner for Dream 11 IPL 2020 edition. Despite the slowdown due to the pandemic, Delhi Capital managed to get 25% increase in sponsorship rate. They target to reach Rs. 60 cr. in revenue solely through sponsorships. Recently … Read more