WIPL 2023: The BCCI and Indian women’s players are in for a Big Payout in 2023. The forthcoming Women’s IPL League “may produce 1000 Crore plus at Auction for each franchise.” A board representative informs that each franchise’s player compensation pot for female athletes can vary from 40 to 50 crores. This is good news for the Women cricketers who can finally benefit financially from cricket, the next year.
WIPL 2023: Women’s IPL Finances Explained
Each franchise expects to generate at least $1 billion in income by BCCI. The base price for the close bid may be 400 Crore. Player purse in the 35–40 Crore range for each team. BCCI’s tender for Media Rights is also all set.
The women’s IPL franchises and the broadcast rights are to be in a sale by the board through a close bid process. The e-auction module will not come to use. This is in contrast to the IPL and other BCCI rights.
Each franchise would presumably have a starting price of Rs. 400 crore. The franchise tender paperwork will be available once the media rights tender is done. The BCCI is thinking on two strategies. One is to sell WIPL teams according to zones. Second is host the matches at locations other than IPL ones.
According to the BCCI, the media rights’ value will provide prospective franchise buyers with a crystal-clear image of their potential revenue. Notably, the BCCI did not maintain a base price for the Media Rights Tender.
With the sale of these five franchises, the BCCI may seek to raise anywhere between Rs 6,000 and Rs 8000 crore (about $1 billion).
BCCI Official Informs About WIPL 2023 Finances
A BCCI official spoke to a News Agency about the WIPL. He says, “It’s a new product but a well establish concept. Just see the response we are getting for India vs Australia series. This clearly shows Women Cricket has huge growth potential. We are sure each franchises can fetch 1000 Crore plus. Players will be suitably earn and each franchise can have a player purse of 35-40 Crore.”
The BCCI invites the current owners of the men’s IPL teams to participate in the tender process, but all investors who meet the cricket board’s minimal eligibility requirements are welcome to do so. There is absolutely no assurance that, should the bids of an existing IPL franchise owner and a prospective investor match, the existing franchise owner will have preference.
WIPL 2023
The Women’s IPL’s maiden season is set to be held in India from March 3 to 26. The WIPL will begin a week after the 2023 Women’s T20 World Cup final, which is to take place on February 26 in Cape Town. The BCCI did not confirm the dates.
There will be five franchise-based teams in the league, and there will be a total of 22 games. There can be a total of 18 players on each team, including six foreigners.
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