fastest-growing sports league
For over a decade, the Indian Premier League has been taking the world by storm. In India, the IPL season is like a festival for cricket fans. But it does not end here. The craze of IPL increases season by season. The Indian Premier League is now being considered the fastest-growing sports league.
IPL becomes the Fastest-Growing sports league in the world, Popularity is taking over NBA and NFL.
The Indian Premier League’s spectacular rise in terms of market capitalization continues apace. According to Forbes, India’s yearly cricket tournament is currently the world’s fastest-growing sports league. According to Forbes, the IPL is growing at a quicker rate than the NBA and NFL.
For its stakeholders, the Indian Premier League has been a lucrative source of revenue. The league’s teams were appraised for the first (and only) time by Forbes in 2009, a year after the cash-rich event began, with the average value of the eight franchises being $67 million. With the league’s recent expansion to ten teams, that average has grown to $1.04 billion, marking a year-over-year increase of 24 percent.
In comparison, the value of an NFL franchise has increased by 10% (to $3.48 billion) during the previous 13 years, while the value of an NBA club has increased by 16% (to $2.48 billion). However, the Mumbai Indians, the most valuable franchise in the IPL, have had the most rise of any club. They are now worth $1.3 billion. The Mumbai Indians are currently worth more than six Major League Baseball franchises, 27 NHL teams, and all of Major League Soccer’s teams combined.
According to a Forbes analysis, when sponsorships and media rights are taken into account, the IPL is the most lucrative cricket league in the world. Thanks to the BCCI, India’s most popular league is attaining success, and the teams’ popularity is growing. With a staggering $1.3 billion valuation, the Mumbai Indians are presently the most valuable IPL club.
The five-time IPL champions are now worth more than several Major League Baseball, Major League Soccer, and National Hockey League franchises. What’s more amazing is that, with a new television rights contract on the way, IPL franchise prices are only likely to grow from here.
Transaction prices indicate the rising value of assets. The Deccan Chargers and the Delhi Daredevils are two teams that we may look to for inspiration. The old squad was forced out in 2012 after failing to pay its players, but they were quickly bought out by Sun TV, who paid more than double the previous owners.
When the JSW company acquired 50 percent of the rights to the Delhi-based franchise from the GMR group, the team’s value skyrocketed. With the addition of two additional clubs to the IPL in 2022, the total number of teams has increased significantly.
The popularity of the IPL has grown for two key reasons, according to experts. The first is the record-breaking audience, with 660 million people tuning in to watch IPL 2021 on both broadcast and live streaming platforms. Furthermore, the IPL’s prosperous economic model adds to the clubs’ total value.
