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IPL Team Owners Profit: When players are auctioned for IPL, franchisees spend crores of rupees to buy them. In the IPL auction, a player costs several crores of rupees. year 2023 Sam Curran of England was sold alone for Rs 18.50 crore in the mini auction. Punjab Kings included him in their team. Now think when the franchisees can spend so much money to buy a player, then from where do they get this money. Apart from the players, the franchisee also has to pay the coach and supporting staff. Despite this, how the team owners earn, let’s discuss the same thing in this article.
What is the source of earning?
IPL is run by BCCI. The source of income for the IPL team and the BCCI is media and broadcast. IPL franchisees earn maximum money by selling their media and broadcasting rights. According to a report, earlier the Board of Control for Cricket in India (BCCI) used to keep 20 per cent of the earnings from broadcast rights, while the remaining 80 per cent went to the IPL teams. But now this share has become 50-50 percent.
Earning from advertisement also
Apart from selling media broadcast rights, IPL franchises also earn a lot from advertisements. Companies pay a lot of money to the IPL franchises for the names and logos of the companies appearing on the caps, jerseys and helmets of the players. Apart from this, players shoot many types of advertisements during IPL. Teams also earn a lot from these advertisements.
Easily understand the earnings of the teams
How do IPL franchisees earn? Understand it in easy language. First of all, let’s divide the earnings of IPL teams into three parts. These are Central Revenue, Promotional Revenue and Local Revenue. Media broadcast rights and title sponsorship come under Central Revenue. This earns about 60-70 percent of the team’s earnings, while 20-30 percent is earned from promotional revenue. At the same time, 10 percent is earned from local revenue, which includes some other things including the sale of tickets.
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