BCCI might earn as much as $5 billion from IPL broadcasting rights solely

The BCCI is about for a windfall of gigantic proportions because the IPL broadcast rights (TV and digital) might fetch the Board as much as USD 5 billion for the following five-year cycle (2023-2027) whereas some high-profile curiosity is being seen within the bidding course of for the 2 new groups.
The present five-year rights (TV and digital) for IPL from 2018 to 2022 are with Star India however, based on people who find themselves in decision-making capability, the valuation, which is at Rs 16,347.50 crore (USD 2.55 billion) proper now, might greater than double and attain USD 5 billion (round Rs 36,000 crore approx at present alternate fee).
“There is a well-known US based company which did send BCCI feelers some time back, expressing their serious interest in bidding for IPL media rights. With 10 teams playing IPL from 2022, the matches will go up to 74 and in any case, the valuation of the property increases,” a senior BCCI official informed PTI on circumstances of anonymity.
“But with two new teams about to fetch anything between Rs 7000 crore to 10,000 crore, the broadcast rights are certainly going to shoot through the roof. So expect the IPL broadcast rights to go for anything above USD 4 billion and may be up to USD 5 billion,” the official within the know of issues stated.
Any international firm exhibiting curiosity in shopping for IPL properties must have an Indian wing.
The final time round, there have been solely two main gamers in TV and digital media rights market with Star India handsomely outbidding Sony, who held the rights from 2008-2017.
Star had bid almost Rs 5300 crore extra as Sony’s remaining composite bid was Rs 11,050 crore (USD 1.47 billion). Star India is an entirely owned subsidiary of The Walt Disney Company India.
The BCCI usually categorises varied broadcast offers like TV, digital (streaming), radio, and social media however final time, it allowed separate in addition to one composite bid.
Any firm can even bid individually but when the valuation of the singular composite bid is greater than the cumulative quantity of singular bids, then that’s thought-about by the Board.
The BCCI is about to launch the Tender invitation in Dubai on October 25, the identical day when two new IPL groups will even be introduced.
The BCCI is anticipating sturdy bidding from each Star India and likewise Sony, which want to get the IPL property again in its bouquet.
Manchester United homeowners Glazer household picks up IPL group bid doc
The senior official additionally confirmed that the Glazer household, which owns Manchester United, has picked up the bid doc as October 20 was the final day.
“Yes, the Glazers have picked up the bid doc. Obviously, IPL is now a globally acknowledged sports activities property and worldwide corporations shall be .
“Whether they would bid at all or whether they would be later interested in buying stakes in an existing IPL team, we don’t know,” the senior official stated.
The IPL bid doc prices Rs 10 lakh and plenty of enterprise homes and large company homes purchase the bid doc simply to analyse the enterprise prospects.
There has been a pattern of personal corporations, that are flush with money, exhibiting curiosity nevertheless it stays to be seen what number of put within the bids, which shall be opened on October 25, a day after T20 World Cup match between India and Pakistan.
The BCCI is anticipating something between Rs 7000 crore to 10,000 crore from the group bidding of IPL.
The official then gave the instance of Red Bird Capitals, a US primarily based funding agency which is without doubt one of the buyers in English Premier League (EPL) giants Liverpool. They at present have 15 per cent stake in IPL franchise Rajasthan Royals.
As PTI had reported a while again, a few of the main gamers who might bid for brand spanking new IPL groups are the Adani Group, Kotak, pharma majors Aurobindo and Torrent group, and the RP-Sanjiv Goenka group.
The BCCI is permitting consortiums and corporations with annual turnover of Rs 3000 crore to bid for groups.
The base worth for brand spanking new IPL groups is pegged at INR 2000 crore.
Will a former India cricketer develop into a primary time IPL group co-owner?
A really reputed former Indian cricketer and large star of India’s World Cup victories may be a part of one among consortiums as a minority stakeholder along with his funding.
“Yes, a really well-known cricketer has proven lively curiosity in being part of the brand new franchises. Yes, he needs to take a position his personal cash and be part of the consortium.
“He wants to be a minority stake-holder but with his experience, he would want to take the cricketing decisions. Whether any of the new business houses will agree to such a proposal remains to be seen,” the supply knowledgeable.