IPL Media Rights: Earnings of CSK, MI, RCB and other franchises doubled, h
The ten franchises will also get a huge boost in terms of revenue, with BCCI earning massively in the next five-year cycle of the Indian Premier League from the sale of media rights. The BCCI is set to garner over Rs 48,000 crore in the 2023-2027 cycle, which is more than three times what it paid to Star Sports Network in the previous deal, which was valued at Rs 16,000 crore. Not to be forgotten, ten franchises account for half of BCCI’s revenue from media rights, ie 50 percent of the amount is shared between the franchises. This is done in accordance with the agreement between the BCCI and the franchise which states that 50% of the revenue from media and sponsorship is distributed among the franchises.
According to a report by InsideSport, the ten franchises earned a total of Rs 201.65 crore from media rights revenue. But in the next year i.e. 2023, the revenue will touch the figure of Rs 400 crore. It will not just stop here but will continue to grow. In 2025, the revenue is expected to be close to Rs. 500 crores. Whereas in the last year of the cycle, i.e. 2027, media rights revenue may touch Rs. 550 crore figure
BCCI will use the revenue from this
IPL to strengthen our domestic cricket infrastructure from the grassroots level, boost the infrastructure and enhance and enrich the facilities across India
Comprehensive cricket watching experience.
— jay shah (@JayShah) June 14, 2022
BCCI Treasurer Arun Dhumal told InsideSport that the BCCI is happy to fulfill the promises made to the IPL owners with increased media rights revenue. Dhumal said, “Along with everyone else, the franchise partners are our biggest stakeholders. When BCCI benefits, obviously the biggest stakeholder will also benefit. We are delighted that we can deliver growth and benefit from the IPL owners. We can deliver on our promises,” Dhumal said.
All ten IPL teams – Chennai Super Kings, Mumbai Indians, Kolkata Knight Riders, Royal Challengers Bangalore, Gujarat Titans, Lucknow Super Giants, Sunrisers Hyderabad, Rajasthan Royals, Punjab Kings, Delhi Capitals – will make huge money from IPL success. His earnings from the media rights auction will increase by 100 percent.