Wipl Cricket – LSG vs I: Ubay Indians beat Lucknow Super Giants by 81 runs to face Gujarat Titans in Qualifier 2.
NEW DELHI: BCCI is set to become Rs 4,000 crore richer as many business houses aggressively bid for the five Woen’s IPL (WIPL) teas to be auctioned on Wednesday.
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According to market experts, the teas will sell for “INR 500 to 600” per tea in the private auction.
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“WIPL has huge potential, but most of the heritage teas prefer to go with Pragatis,” an industry insider who previously worked on IPL’s tea offering told PTI ahead of the auction.
“Expect multiple bids to reach $500 million.” of rupees. 800 million rupee-plus may be a bit sensitive but BCCI has no claim,” he said.
Itali Raj leaves the IPL woen open – a player, a participant or even a tea holder. Forer India captain Itali Raj remains open to Woen’s IPL next year, as a player, founder or even a tea holder. The BCCI recently announced that the inaugural woen IPL will be held next year before the en tournament. “I will keep this role
Ore bought tender documents for 5 million. of Rs from 30 odd companies including all 10 IPL teas. Prominent corporate houses like Adani group, Torrent group, Haldira’s Prabhuji, Capri Global, Kotak and Aditya Birla Group have also shown interest in buying tea.
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Among the traditional teas in the IPL, Ubay Indians, Rajasthan Royals, Delhi Capitals, KKR can seriously consider adding to the existing bouquet of teas around the world.
According to market experts, there are two principles by which these requests are made by trading houses.
The first is “Return on Investment” (ROI), which is the main principle of any business. It is the profit from what the company spends.
The second is not a business principle, but in the business community it is called “Ego Recovery”.
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It is peace of mind that the biggest entrepreneurs are ready to have every aunt if they buy a particular asset. Even if it takes five to seven years to reach a tipping point.
An existing IPL franchise with a “steady revenue stream” may “bleed” in the first year, which is necessary.
A former IPL franchise official who once worked in the contests explained the rationale behind the contest.
“Let’s say the franchise wins Rs 500 crore in five years. Now that Rs 100 crore is immediately available for each of the next five years,” the source explained.
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“BCCI shares its Edia broadcast revenue, which is one of the main revenue streams. The second share is BCCI’s central sponsorship fund. The third is the franchisee’s own sponsorship revenue fund. The fourth is network sales, one of BCCI’s tickets,” he explained. u
“BCCI intends to share 80% of the Edia oney rights with the teas in case of IPL Woen (in which case it is 50:50) to help create a sustainable model.
“So what will be the ethics here? JIO has brought Edia rights worth Rs 950 crore (about) for five years, which is about Rs 190 crore per year. So 80% of Rs 190 crore is Rs 152 crore.”
“Let’s take it as a round number of 150 million rupees. That’s how much each franchise gets for five years, which is about 30 million rupees a year,” he said.
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“Now the BCCI will also share part of its central sponsor pool (title sponsors, other sponsors, various prize sponsors) with the franchise. Add to that the franchisee’s own revenue pool. So it could be anywhere between 15 to 18 million. In the first year, the gate sales are a lot won’t earn,” he said.
“The team has a fixed salary of 12 million rupees. Add another 6-8 million to the salary of the support staff. Let’s take 20 million. Add hotel expenses, fees to state associations for the stadium and other operating expenses. It can be 6 to 8 million rupees. In the first year, one the city will cut costs.
“So the cumulative cost per year could be Rs 128 to 130 crore. The revenue will be around Rs 50 crore. So in the first few years there is a possibility of Rs 50 crore or ore lost,” he said. explained.. .
“Older franchises (IPL) are in a better position to make up these losses as they are already making profits after 15 years of IPL. They are sipping tea together and may be in the profit zone soon,” the official added.
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The five-venue WIPL will be held at multiple venues.
Economic relations
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MUMBAI: Five of the 10 IPL franchises confirmed to TOI, a day after the BCCI rejected bids to own and manage IPL teams in the five-team inaugural Women’s Indian Premier League (WIPL) scheduled for March this year. very interested’ in buying a team in the league.
Chennai Super Kings, Rajasthan Royals, Delhi Capitals, Kolkata Knight Riders and Punjab Kings are all interested in investing in a team in the WIPL. CSK has already started the process of procuring the ITT document.
“We have applied for the bid document. Now we have to understand the economics of it. We are interested. If CSK doesn’t have a women’s team, it might not be right. We want to promote women’s cricket,” CSK CEO Kashi. Viswanathan told TOI.
According to the source, the BCCI has not fixed the base purchase price of the team. “It seems that BCCI did not stick to the base price while buying the WIPL team, which is a smart decision. If you keep the base price very high, you will scare away potential investors,” a source told TOI.
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“I think everyone is smart enough that they don’t want to lose money. They might not mind a small loss, but not a big loss. If the base price was, say, Rs. 400 million, teams would be looking at Rs. 50 million a year. Rs. 80 million, and I can’t imagine anyone having the appetite for it,” the source said.
This seems to have sparked the interest of IPL franchisees and potential investors in WIPL, which in December. appeared in Mumbai for the India-Australia T20I series, a record 47,000 fans for the second leg at the DY Patil Stadium. New Mumbai.
In addition, on January 14 starting with the ICC Women’s Under-19 World Cup, followed by the the start of the Women’s T20 World Cup will whet the appetite of fans for quality women’s cricket and will not only provide teams with a wealth of players to choose from.
The opening season of WIPL is likely to be held from the first week of March to the end of the month, before the start of the IPL. It will consist of five teams.
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The entire league is likely to be held in Mumbai, which has three world-class grounds – Wankhede Stadium, Dee Patil Stadium and Brabourne, but this has not been confirmed.
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