Cricket
IPL Auction: Where does the money come from to buy players in IPL, how do teams earn?
Before the 16th season of the Indian Premier League, will participate in the auction today and will shower money on the players. But do you know where the teams get so much money from?
Before the start of the 16th season of the Indian Premier League (IPL), the stage for the mini auction (IPL Auction) has been set in Kochi on Friday. All 10 teams have a budget of Rs 206.6 crore, and there are a total of 405 players up for bid. In the IPL auction, the money spends heavily on the players. There is a race to buy the players of the franchises and sometimes the bids starting from one crore rupees go beyond 10 crores. Overall, money rains heavily. But how do the franchisees who spend so much on players earn? To spend on players from where so much money come from?
Biggest Source of Income
The IPL is run by the Board of Control for Cricket in India (BCCI), and broadcast and media sales are both major revenue generators. IPL franchisees earn the most money by selling their media rights and broadcast rights. At present report, the rights of broadcasting is with Star Sports. According to a report, initially BCCI used to keep 20 percent of the earnings from broadcasting rights and 80 percent of the amount was received by the teams. But with time, this percentage rose to 50%.
Earn money from advertisements
Apart from selling the rights of IPL media broadcast, the franchisees also earn a lot of money from advertisements. Companies also pay heavily to the franchisees for the names and logos of the companies appearing on the jerseys and helmets of the players. During the IPL, the players of the franchises do many types of ad shoots. Earning is also done from this. The IPL teams make a lot of money overall from advertising.
Revenue is divided into three parts
Now let’s understand in a little easier language how teams earn. First off, Central Revenue, Promotional Revenue, and Local Revenue are the three categories into which IPL teams’ profits are split. Only the core money is used for title sponsorship and media broadcasting rights. About 60 to 70 percent of the teams’ earnings come from this.
The second is advertising and promotional revenue. Due to this, the teams earn about 20 to 30 percent. In addition, local revenue accounts for 10% of the teams’ revenue. This include ticket sales and other things.
The franchise owner keeps about 80% of the money from ticket sales, with 7-8 home games per season. The remaining 20 percent is divided between the BCCI and the sponsors. Income from ticket sales typically accounts for 10-15 percent of a team’s revenue. Teams also generate a small portion of revenue by selling merchandise such as jerseys, caps and other accessories.
Strong increase in popularity and market value
For a total of $723.59 million, Indian businesspeople and some of the greatest stars from Bollywood purchased eight city-based franchises when the IPL began in 2008.A decade and a half later, the popularity and commercial value of IPL has grown manifold. In 2021, CVC Capital (a British equity firm) paid around $740 million for the franchise of Gujarat Titans.
Homepage: Click Here
Gautam Gambhir, known for his determination to win, has taken on the prestigious role of India’s head coach with deep pride and a commitment to serve the nation.
Gautam Gambhir head coach of India
His recent success in leading Kolkata Knight Riders to their third IPL title in 2024 positioned him as a frontrunner to succeed Rahul Dravid. Dravid, after guiding India to a long-awaited World Cup victory, stepped down, leading the Board of Control for Cricket in India (BCCI) to appoint Gambhir to the role this week.
Gambhir IPL success 2024
Gambhir’s appointment received unanimous support from cricketing figures like Jatin Paranjape, Malhotra, and Sulakshana Naik, underscoring his credentials with two World Cup triumphs and a reputation for leadership. Sanjay Bharadwaj, Gambhir’s childhood coach, believes his protege possesses the qualities needed to elevate Team India to new heights, citing Gambhir’s innate ability to inspire and nurture talent.
Rohit Sharma’s Prediction Gambhir
In an interview with PTI, Bharadwaj emphasized Gambhir’s integrity and long-standing commitment to cricket. He recalled Gambhir’s foresight in predicting Rohit Sharma’s future greatness when the Indian captain was still in his early career stages. Bharadwaj also highlighted Gambhir’s generosity, noting an instance where he awarded Virat Kohli a ‘Man of the Match’ award years ago, illustrating Gambhir’s supportive nature towards his teammates.
Indian cricket coach Gambhir
As India’s head coach across all formats for the next three and a half years, Gambhir aims to leave a significant impact on the team’s performance. According to Bharadwaj, Gambhir’s approach is rooted in fairness and a strategic focus on team dynamics, prioritizing the game above all else. His prediction about Rohit Sharma’s rise from the start of his career serves as a testament to his keen observation skills and unwavering belief in nurturing talent for the benefit of Indian cricket.
Also Read:
Rohit Sharma Takes the Helm for Upcoming Tournaments!
Rohit Sharma captaincy
Indian cricket fans can rejoice! BCCI secretary Jay Shah confirmed Rohit Sharma will lead the team in two major upcoming events: the Champions Trophy in Pakistan (February) and the World Test Championship final in London (June). This news comes after Sharma’s successful T20 World Cup captaincy that led India to victory.
India Champions Trophy 2025
Shah expressed his confidence in Sharma’s leadership, declaring, “We are confident that under Rohit Sharma’s guidance, we will emerge victorious in both the WTC Final and Champions Trophy.” These remarks came during a congratulatory video for the T20 World Cup win, praising Sharma, Virat Kohli, coach Rahul Dravid, and Ravindra Jadeja.
India WTC final 2025
Shah also acknowledged India’s impressive journey in the past year. They reached three finals: losing to Australia in the WTC final (June 2023), enjoying a dominant run in the ODI World Cup (November 2023), but ultimately falling short against Australia in the finals. Interestingly, back in February 2023, Shah had already placed his faith in Sharma, appointing him captain for the 2024 T20 World Cup and predicting the team’s success, a prediction that ultimately came true.
Also Read:
Cricket
WPL 2024: Mumbai Indians succumb as Royal Challengers Bangalore set up final match versus Delhi Capitals
Royal Challengers Bangalore (RCB), in an exciting Women’s Premier League (WPL) 2024 qualifier match against Mumbai Indians (MI), eventually emerged victorious against their defending champions to reach their maiden WPL final meeting against Delhi Capitals later on this season. RCB won in an exciting showdown that left everyone gasping as the Royals narrowly edged MI at every point along their long path toward glory in 2024.
RCB vs MI WPL 2024
The match was an emotional rollercoaster, as Sobhana bravely held back 12 runs to secure an astounding five-run win for Royal Challengers Bangalore (RCB). Captain Smriti Mandhana couldn’t contain her tears of joy as Ellyse Perry shared an emotional embrace with Mandhana following their triumphant comeback against Windies Women at Lord’s.
Royal Challengers vs Mumbai Indians
MI seemed in control during their chase for 43 runs off 30 balls; however, an unexpected collapse saw them falter, ultimately losing by only one run. Shreyanka Patil led her spinners in turning things around spectacularly by providing crucial wickets at key moments of play – producing a stunning turnaround.
Royal Challengers Banglore vs Mumbai Indians
Opting to bat first, Royal Challengers Bangalore saw Devine lead them off an aggressive start as they quickly established a healthy lead against MI’s comeback attempts. Perry led this resilience with an important half-century, while Georgia Wareham helped set an excellent total of 135 runs for them to defend.
Mumbai Indians vs Royal Challengers
MI responded slowly but with caution as Perry showed his prodigious ability with the ball to keep MI at bay. Although promising partnerships emerged quickly for MI against RCB pressure, it eventually fell short by 6 runs.
WPL RCB vs MI
This match demonstrated the unpredictable nature of cricket, where determination and teamwork can turn the tide at key moments. As Royal Challengers Bangalore prepare to face Delhi Capitals in the WPL 2024 Final, fans should anticipate yet another riveting showdown!
Also Read:
-
IPL3 months agoKohli, Dhoni, Rohit suffer massive financial blow; Indian cricketers set to lose ₹150–200 crore after online gaming ban
-
Govt Schemes4 years agoMukhyamantri Udyami Kranti Yojana MP Apply Online | Udyam Kranti Loan Scheme Madhya Pradesh 2022
-
Football3 years agoMarco Angulo called up to Ecuadorian National Team
-
IPL5 months agoBCCI strengthens financial dominance, mind-blowing ₹9,741.7 crore revenue revealed as IPL contributes….
-
IPL4 months agoShocking IPL heist! BCCI office hit by ₹6.52 lakh jersey theft at Wankhede Stadium
-
Mobile Phones & Accessories4 years agoSamsung Galaxy A22 5G (Gray, 8GB RAM, 128GB Storage) with No Cost EMI/Additional Exchange Offers
-
IPL5 months agoKavya Maran’s SRH linked with ₹2.32 crore scam as Hyderabad Cricket Association officials land in jail
-
Blog2 days ago
Казино Официальный Сайт Играть в Онлайн Казино Pin Up.6008