IPL’s business value rockets to $20bn as India cricket league soars
Summary
The Indian Premier League (IPL), a popular cricket league, is now worth $20.6 billion, growing by more than 11% this year. Big investment groups recently bought IPL teams for record prices, showing strong interest in the league’s future.Key Facts
- The IPL’s business value reached $20.6 billion in 2024, up over 11% from last year.
- This marks the second year in a row with double-digit growth in the league’s value.
- IPL started in 2008 and has 10 teams featuring top cricket players worldwide.
- The league earns money through TV broadcasts, sponsorships, merchandise sales, and team ownership.
- A group including Blackstone and other firms bought the Royal Challengers Bengaluru team for $1.78 billion in March.
- The Mittal family and Adar Poonawalla bought the Rajasthan Royals team for $1.65 billion in May.
- The IPL’s brand alone grew 10.3% in value to $4.3 billion.
- Bengaluru is the most valuable IPL franchise, worth $312 million.
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