The Circle – Millenium City Centre, 3rd floor, Millenium City Centre Metro Station, Gurugram, Haryana – 122002
Below are some of the highlights from our report-
- The biggest (and a very closely contested) event this time was the auction of the IPL media rights for the upcoming five-year cycle from 2023 to 2027. For the first time in IPL history, media rights were spread among different broadcasters. Star India and Viacom were the winners of the auction, grabbing television and digital rights, respectively. At USD 6.2 bn, this broadcasting rights deal makes IPL the second biggest sporting league in the world, on a per match basis.
- The increase in the number of matches going forward from 74 to 94 over the next cycle and the newly signed broadcasting deal at the league level were the primary contributors to the jump in the IPL ecosystem value.
- With the setting up of two new teams this season, BCCI earned a staggering USD 1.6 billion dollars.
- The imprint of IPL is growing with Indian IPL franchise owners going out and investing in other cricking leagues in different countries.
- The owners of the current IPL franchises have shown interest in leagues other than cricket not just in India but abroad also. Investments are being made with a strategic motive to invest in certain popular sports in certain countries, like Cricket in India, Football in Europe, Rugby in New Zealand & Volleyball in Italy.
Do read the report in detail to know more about the growth of IPL and the opportunities and challenges it faces.
We hope you enjoy reading the report.