Indian Premier League

IPL, the Indian Premier League, is the world's most famous and expensive cricket league. It is organised by the BCCI (Board of Cricket Control in India). The first edition of the IPL was held in 2008, in which the Rajasthan Royals were crowned champions. Since then, the success graph of Ipl has been increasing consistently. Today, one match of IPL is worth more than one match each of the Premier League and La Liga (both are professional football leagues in England and Spain, respectively). The craze for IPL is now developing abroad. Till now, fifteen seasons have been hosted, among which five were won by the Mumbai Indians, four by the Chennai Super Kings, two by the Kolkata Knight Riders, and one each by the Sunrisers Hyderabad, Gujarat Titans, Rajasthan Royals, and Deccan Chargers (now a defunct team). From the 2022 season, the number of teams in the league was increased from eight to ten by introducing two newcomers, the Gujarat Titans and the Lucknow Super Giants. This addition increased the competency levels as well as the quantity of matches from sixty to seventy-four, this means that the broadcasting rights and money from other match related sources hiked up resulting in more profit for BCCI.

From past fifteen years, the IPL has been hosted twelve times solely in India, one time in South Africa because of Central Elections in India, one time in the UAE (United Arab Emirates) due to the COVID-19 epidemic in India, and in the year 2021, the league was to initially be hosted in India but due to COVID-19 cases in players and support staff of the teams, the league was postponed and then the remaining matches were hosted in the UAE. Generally IPL is organised during summer months (India) between March to May. But how money is earned from it:

The BCCI earns money from the IPL through a variety of means, including the sale of broadcasting rights (for television and OTT separately), sponsorships, advertisements, and match tickets (although revenue from this is very low as compared to others). In general,  the BCCI earns approximately 900 crores per year solely from sponsorship. Apart form this individual IPL teams make their money by having team sponsors, jersey sponsors,endorsements, selling merchandise, and so on. We can also judge the team's status by its brand value, currently Mumbai Indians has the highest brand value at about 9962 crores rupees. 

Today, Indian Premier League is a festival for all the cricket lovers, and also it is India's pride of having the most successful cricket league in the whole world. 

My favourite is Royal Challengers Bengaluru (RCB) tell me your favourite team in the comment box. 

Thank You,

Sarthak P. Khode 😊

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