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⌚ Timestamps:
0:00 Introduction
0:47 IPL - An Investment Worth It or Not?
3:19 - Why IPL is a Safe Bet
5:39 Biggest Problem In IPL Revenue Model
6:55 How Much IPL Valuation Actually Has
🗒️ Description: In 2021, the INDIAN PREMIER LEAGUE (IPL) sold two new franchises - GUJARAT TITANS and LUCKNOW SUPER GIANTS for a total of $1.53B or ₹12,715 crore in Indian rupees. The average cost of these franchises is a remarkable eight times higher than that of the initial 8 teams of the league - CHENNAI SUPER KINGS (CSK), MUMBAI INDIANS (MI), KOLKATA KNIGHT RIDERS (KKR), ROYAL CHALLENGERS BANGALORE (RCB), RAJASTHAN ROYALS (RR), SUNRISERS HYDERABAD (SRH) or formerly known as DECCAN CHARGERS (DC), DELHI CAPITALS (DC) [was known as DELHI DAREDEVILS] & PUNJAB KINGS (PBKS) [aka KINGS XI PUNJAB] - which were sold in 2008. Even if we consider around 300% inflation within this period, it still might seem severely overvalued. But, what if I told you that these eye-watering sums are not just gambling, but they have the potential for some staggering returns? So, you must be wondering HOW MUCH IPL TEAMS EARN EACH Year/HOW IPL TEAMS MAKE MONEY or even HOW MUCH BCCI EARN FROM IPL? Well, tell you what, since the inception of IPL in 2008, teams generated 18-29 times of the invested money; so, you can understand HOW MUCH PROFITABLE IPL IS! The profitability even boosted when VIACOM & STAR SPORTS NETWORK BAGGED IPL MEDIA RIGHTS IN 2022 FOR A WHOOPING $6.2B, making the IPL THE SECOND MOST VALUABLE SPORTS LEAGUE IN THE WORLD, WHILE NFL IS THE MOST VALUABLE LEAGUE. THE IPL BUSINESS MODEL has now reached such a stage, where TEAMS WOULD BE PROFITABLE irrespective of their on-field success or even if they cannot sell any tickets or cannot attract any sponsors. INDIA MADE CRICKET A BILLION-DOLLAR BUSINESS, to be precise $11B DOLLAR CRICKET EMPIRE; IPL HAS BECOME ONE OF THE RICHEST LEAGUES I THE WORLD - RICHER THAN EPL or NBA too; because of IPL, BCCI HAS BECOME THE RICHEST CRICKET BOARD & thus, BCCI's INFLUENCE IN CRICKET WORLD is unparalleled. Some fans might argue that, IPL IS DESTROYING CRICKET or BCCI IS DESTROYING ICC & DOMINATING THEM, or as they say, IPL IS GETTING TOO BIG FOR CRICKET. But, one thing's certain, 2008 changed the future of cricket forever. People started losing attention to cricket and in this fast-paced world, it is impossible to watch 7-8 hour long matches or even more at a stretch. So, BCCI REINTRODUCED T20 CRICKET & ADDED A GLAMOUR TO IT; THAT ESSENTIALLY BECAME THE SUCCESS STORY OF INDIA and HELPED CRICKET PLAYERS FIND A NEW WAY OF STARDOM. But, above all, it gave the businesspersons a thing, which they absolutely adored. What's that? Well, join me in this video to uncover more about the BUSINESS SIDE OF IPL.
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