Explainer: With this formula, the distribution of the money will be done, how much will the franchisees get, easily understand the crore accounts
New Delhi: The Indian Premier League (IPL) media rights have been sold after a three-day auction. This super auction has enriched Indian cricket. These media rights, split into four packages, were sold for Rs 48 thousand 390 crore. In other words, from 2023 to 2027, BCCI will receive this money instead of broadcasting IPL on TV and mobile. In terms of the cost of a match, the Indian Premier League has now become the second most expensive sporting event in the world. In such a situation, let’s try to explain to you how this money will be distributed and who gets how much money.

48,390 crores will be divided into two parts

The IPL is the second most expensive league in the world after the National Football League (NFL). It’s no small feat to beat old and prestigious world tournaments like the English Premier League (EPL) and Major League Baseball (MLB) in media rights. 48,390 crores will be mainly divided into two parts. Half of the money will be split between the 10 tournament franchises but the 8 former teams namely Mumbai Indians (MI), Chennai Super Kings (CSK), Sunrisers Hyderabad (SRH), Kolkata Knight Riders (KKR), Rajasthan Royals (RR), Royal Challengers Bangalore (RCB), Punjab Kings (PBKS) and Delhi Capitals (DC) will have a larger share while the two new franchise champions Gujarat Titans and Lucknow Supergiants will have a smaller share.

IPL Media Rights: Kuber’s treasure in the hands of BCCI! 49 lakhs on an IPL bale, while earning 2.95 crores per more

Indian cricket board to keep half the money
The Indian Cricket Board will keep half of 48 thousand 390 crores or 24 thousand 195 crores. This money will be spent to strengthen the foundations of cricket in the country. The money will be donated to players, staff and state cricket associations. Until last year, this model was different. Of that half, 70 percent of the money was given to state councils. Four percent were distributed to IPL staff and 26 percent to various national and international actors.

four different understand the package
This time around, TV rights, digital rights for the Indian subcontinent, 18 matches (preliminaries, weekend double header, four qualifiers) and four sections for the rest of the world have been created. The base price was Rs 32,890 crore and the smartly sold package was valued at over $7 billion.

Package-A: TV rights (India), base price – 49 crore per game
Package-B: Digital Rights (India), base price – Rs 33 crore per game
Package-C: Special match rights, base price – 11 crores per match
Package-D: Overseas rights, base price – Rs 3 crore per match

Most Expensive Sports League: IPL Media Rights Received 48,390 Crore, Still No No. 1, Know Sports League Top 5
Who won what rights?

The television rights for the Indian subcontinent were purchased by Disney Star for Rs 23,575 crore (Rs 57.5 crore per game), but the digital rights went to Reliance’s Viacom 18 for Rs 20,500 crore. Viacom has also purchased a “non-exclusive” rights package C for Rs 2,991 crore. Packages A and B include 410 matches over the next five years (74 to 74 matches in 2023 and 2024, 84 matches in 2025 and 2026 and 94 matches in 2027). Package C included the rights to 18 “non-exclusive” matches, which Viacom18 bought for Rs 2,991.6 crore, or Rs 33.24 crore per match. There are 90 matches in this package. Package D contained overseas TV and digital rights which Viacom18 and Times Internet bought for Rs 1,300 crore.

#Explainer #formula #distribution #money #franchisees #easily #understand #crore #accounts

Leave a Reply

Your email address will not be published.