WIPL: BCCI Targets More Cash, Demands Min 1000 Cr Per Team in Valuation

Womens IPL Format and Schedule
Image Source: BCCI
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Women’s IPL Format and Schedule

Another monetary infusion is expected for the Board of Control for Cricket in India (BCCI). Each team’s basic price has been established by the Indian board at Rs 400 crore. However, it demands a minimum of Rs 1000 Cr per team. That will increase BCCI’s bank account to at least Rs 5000 Cr. Earlier this year, BCCI made Rs 48,390 from the sale of just the IPL Media Rights. The BCCI Media Rights for domestic and home games come next. It anticipates another 5–10,000 crores in their pockets. Let us look at Women’s IPL Format and Schedule in detail.

A BCCI official was heard saying, “It’s not final. We will have an apex council meeting soon. We will float the tender for the Women’s teams then. But yes, 400 Cr is where the consensus is. But if you look at how the teams have grown in valuation, we expect no less than 1000 Cr per team.”

BCCI Plans for WIPL

A tender document will soon be made available to franchises interested in purchasing teams by BCCI. The base price is about equal to the 2008 IPL franchise cost of $50 million or Rs 400 crore. However, BCCI will announce a tender that is open to all interested parties rather than giving IPL teams first priority. This also allows new players to outbid IPL franchises.

The BCCI will also release a second tender for the broadcast rights’ electronic auction. The BCCI is also actively looking for available top women’s cricket players worldwide.

According to a news story, the BCCI has already started signing contracts with players from both India and abroad. The action will assist in confirming the availability of overseas players in the Women’s IPL.

Once the team decides to purchase the player, this central contract will further lead to an agreement with the franchise. In the beginning, a draft rather than an auction will be used to choose the players for the men’s IPL. Like the IPL for males. Four foreign players will be included in the starting eleven, while a squad can have up to 18 players.

Let us look at Women’s IPL Format and Schedule in detail:

WIPL Format and Schedule

In 2023, the competition is anticipated to start in the second week of March and end around March 23. The WIPL will travel in a caravan-style with at least two locations hosting matches rather than the traditional home and away system.

22 matches will be played over the two-week tournament. The WIPL will use a league and playoff structure, with the winning team advancing directly to the championship game. The eliminator will feature the second and third-placed teams. By December, the team’s owners should be decided.

Franchisees Interested in WIPL team

Mumbai Indians

Chennai Super Kings

Royal Challengers Bangalore

Punjab Kings

Rajasthan Royals

Delhi Capitals (GMR Group, not JSW Group)

Kolkata Knight Riders

Sree Aurobindo Pharma

Glazers Family

Adani Group

Capri Global

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