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BCCI To Increase IPL Prize Money: Indian Premier League is one of the most expensive sports brands in the world today. This year its value has increased to more than Rs 91 thousand crore. This growth has increased due to the auction of media rights and new franchisees. The way the growth is happening in the Indian Premier League, in the coming few years it will expand to two-three months. The ICC will also clear the window for this prestigious league. Considering the importance of the league, BCCI has been thinking of increasing the prize money of IPL this year. India will take this step after the announcement of prize money in South Africa T20 League.
highest prize money
The Board of Control for Cricket in India is getting rich season by season. Due to which it is expected that the prize money of IPL 2023 will be increased. At present, the total prize money of IPL is 46.5 crores. This prize money is more than any other cricket league around the world. But the South Africa T20 league starting next year has announced 33.5 crore prize money. It is expected that ILT20 will also make a big announcement regarding the prize money. In view of this, BCCI is also thinking of increasing the prize money of IPL.
Winner gets 20 crores
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20 crores are given to the team that wins the IPL title. While the runner-up gets Rs 13 crore. The third-placed team gets Rs 7 crore, while the fourth-placed team gets Rs 6.5 crore. In this way, the total amount was Rs 46.5 crore. Talking to InsideSports about increasing the prize money of IPL, a BCCI official said, “Prize money is not a big factor in IPL like other leagues. But yes, we have not revised the prize money for some time now. We will discuss this issue as soon as possible.
According to the report, BCCI officials can increase the IPL prize money by 20 to 25 percent. The official further said, discussion is going on to increase the prize money. Next year it can be increased by 20 to 25 percent. But the amount has not been finalized yet.
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