Achi news desk-
IPL is a festival in India. Famous cricket leagues include the Indian Premier League. Money like water means a turnover of crores of rupees during this league. Cricket fans in India look forward to IPL more than Cricket World Cup. In India, summer vacations and IPL matches on night TV have become an equation. In this famous league, the IPL winning team gets 20 crores. But this amount is charged for each group. Because the team players are bought at the auction for millions of rupees. So what is the benefit of IPL team owners spending crores of rupees? You only watched IPL but also understood the economics behind it.
IPL business model
BCCI has the authority to take any decision regarding IPLL. BCCI is not a government number but a private organization. BCCI cannot do anything if ICC gives the rights to another organization instead of BCCI. But BCCI dominates the world cricket board. BCCI is known as the richest cricket body in the world. When Sharad Pawar was the then president of BCCI, vice president Lalit Modi started this league.
How do you buy a team in IPL?
What do you need to do if you want to buy a team in IPL? What are the conditions? How do you invest so much money and return it and earn? Since the winning prize is only 20 crores, how does the franchisee earn money? understand in simple words. If you have the money and you want to buy the team when you go, it doesn’t happen. There are only two options to get a new team in IPL. The first is to go to the existing IPL team owners and buy their shares. The other option is to wait until the BCCI announces the inclusion of the new team. For this, when the BCCI announces the inclusion of a new team, the planned work is carried out as per the process.
The process of getting a new team in IPL
When BCCI announces that it will buy a new team, the company that wants to buy the team will have an earning potential of more than 3000 crores. The companies entitled to this should purchase an ITT (invitation to tender). It costs 10 lakh, this amount is non-refundable. Otherwise you will not be able to participate in bidding. For this the concerned company should send mail to BCCI. Even after you have done all this i.e. even if you have purchased the ITT, BCCI can cancel the ITT without giving you any idea. Only the companies selected for this are included in the bidding process. The prize for the group that will be in it is at least between 1700 and 1900 kroner. Team cannot be purchased in this price range. A bid is then held and the highest bidder buys the team.
After buying a team you need to buy players. Any player who wants to participate in the IPL auction can register in three ways. There is a classification of cap players (players who have played for the Indian cricket team), victory players (players who have not played a single match for India) and foreign players. The names of the homeless players are sent by the state association. Altogether 1000 to 1500 names of such players are sent, but of these 500 or 600 are permanent names.
Important BCCI Bidding Rules
A single owner bought eleven of the eleven best players on his team. So there will be no fun in IPL. BCCI has made some rules for this. Each franchisee is given a limited amount, i.e. wallet money. The first limit was 85 crores, now it has been increased to 90 crores. 18 to 25 players must be bought from this wallet. With this you can buy 8 foreign players. At the start of the serve, marquee players are taken, marquee players means these players have a base price of 2 crores. Bidding takes place after batsman, bowler and each innings classification. There are also some rules when bidding on players.
Rules for team owners when bidding on players
Mini offers are made every year where franchises release unwanted players. Then after three years the mega auction took place. Sometimes it can go back and forth. In which each Fantaili can leave only four players in his team, all other players are released. Players whose base prize is between 20 lakhs to 1 crore will increase their bids by 5 lakhs. Players with a base price of 1 to 2 crores can increase their bids by 10 lakhs.
Once the team is established, the support team, admin cost, five star hotels for the players during the season and plane tickets are all borne by the team owners. The average expenditure of a team per season is 200 kroner. The team owners have to spend billions of money while buying the team and then when the IPL starts, the team owners also have to bear this cost. What’s the point of the group if the owner has to pocket the money? You must have asked this question. How do IPL team owners get paid? If you win the title, you will only get 20 crores, so how will you cover such expenses? How to profit from it? find out
IPL team owners earn like this?
IPL teams get the highest profit from IPL broadcast rights. IPL can be watched only on channels that have broadcasting rights. From 2008 to 2017, IPL broadcast rights were bought by Sony for 8200 crores. 8200 crores were given by Sony for ten years. 820 crores were calculated for one season. While between 2018 and 2022, Star India has lent 16,400 crores for five years, i.e. 3,300 crores for one year. Then, from 2023 to 2027, Viacom took up to 48,390 crores. The crores calculated by the channel are paid half to the BCCI and half to all the teams. But what is the benefit to the channel owners of paying so much? But if they invest so much money, then the return for them is the same. Because the 10-second advertising rate during IPL starts in the black. Brands used to pay 15 lakhs for a ten second ad on Star Sports. If it is calculated to run these ads for the entire season, the channel owners get a solid profit along with their capital.
| IPL Broadcast Right Company Name | Broadcast rights year | Correct amount of IPL broadcast |
|---|---|---|
| Sony company | 2008 – 2017 | 8,200 kroner |
| Star India Company (Star Sports) | 2018 – 2022 | 16, 400 kroner |
| Viacom company | 2023 – 2027 | 48,390 kroner |
After broadcasting rights, the highest amount of money in IPL comes from sponsors. What exactly is a sponsor? When IPL is on, the parser is just IPL, otherwise the name of that company is taken first. In the first five years after the start of the IPL ie from 2008 to 2012 DLF company 40 crores every year, for three years from 2013 to 2015 Pepsi company 79 crores every year, and then from 2016 to 2017 the Chinese Vivo company 100 crores every year Then Vivo company 2018 and 440 crores for 2019- for one year Dream 11 company brought in 222 crores in 2020 and again in 2021 Vivo brought in 440 crores. Thereafter, for 2022-23, Tata has invested 330 crores annually. Even after that from 2024 to 2028, Tata took title sponsorship for 2500 thousand crores. It means that Tata company has invested 500 crores for one year. BCCI gets half of the money from the main sponsor and the other teams get half.
| IPL Title Sponsors | Sponsor year in the IPL title | IPL Title Sponsors Award for the year |
|---|---|---|
| DLF company | 2008 – 2012 | 40 kroner |
| Pepsi company | 2013 – 2015 | 79 Crore |
| Vivo company | 2016 – 2017 | 100 kroner |
| Vivo company | 2018-2019 | 440 kroner |
| Dream 11 | 2020-20 | 222 Crore |
| Vivo company | 2021-21 | 440 kroner |
| TATA company | 2022 – 2023 | 330 kroner |
| TATA company | 2024 – 2028 | 500 kroner |
In the IPL, the ticket price for a home match is set by the home team. 80 percent of the money a team receives from tickets goes to the team playing at home. 20 percent of the money goes to the State Cricket Association. Each team had a total of seven home matches in the IPL. An average of 4 million tickets are sold per game. But the money spent does not cover it. The IPL has a strategic time-out of 2.30 seconds during the match, which is also sponsored by the company. It means taking a time out now CEAT strategic timeout It is mentioned by commentators. Similarly, the powerplay that happens in the first six overs is now Powerplay card It is displayed on the screen. Along with this, the team also receives money for the player who was revealed as a Dream 11 game changer.
Some of the team owners in the IPL advertise their products through the team players. You must have seen Jio’s ad featuring Mumbai Indians players. All team owners make their players advertise for other companies as well. The team owner then takes the money from the respective brands. Every match in IPL has advertisements on the stumps, the boundary line, the teams also get paid for it. Along with that, it’s worth taking a closer look at each team’s jerseys. On average, ten brands will appear on t-shirts, six on pants and two on hats. These sponsors pay it to the team owners. As much as is suitable for many advantages, now you might think that cricket has got nowhere in this. So what’s the point of winning a title? It all depends on the title.
What is the advantage of winning the IPL title?
Every team has a brand value. It will have strong teams in IPL and their branch value is determined in such a way. What increases the value of this brand? If a team has won most times in IPL. So the brand value of this team increases. Teams that reach the finals are the talk of the town because they play two more games than the other teams. When the viewership of the final is high, all the brands are eager to bet on the teams.
