In a seismic update from IPL’s architect Lalit Modi, Royal Challengers Bengaluru’s ownership bids have surged to $1.75 billion. Modi verified this to media outlets, spotlighting potential involvement from Manchester United co-owner Avram Glazer in what could be a transformative deal.
Valuations today reflect the league’s 74-match setup, yet Modi insists a jump to 94 fixtures is destiny. Echoing IPL’s genesis as a comprehensive home-and-away spectacle, he forecasts exponential growth in team values and BCCI coffers. This is vital armor against eroding traditional incomes.
Brace for impact, says Modi: BCCI’s ICC revenue slice may shrink by 50-60%, with bilateral rights income cut in half. IPL, however, promises redemption—and then some. The next media rights round, imminent within 12 months, eyes a doubled valuation, Modi declares with certainty.
World cricket’s shifts bolster his case: packed calendars breed fewer internationals, while T20 leagues’ riches lure players. Unstoppable momentum favors BCCI immensely. ‘Love for Indian cricket trumps all,’ Modi reflected wryly.
This RCB milestone heralds IPL’s ascent to unprecedented financial heights, reshaping cricket’s economic power map with India at the helm.