SAUDI wants to invest in IPL: Crown Prince can buy a share worth Rs 41 thousand crores; This is the biggest cricket league in the world
SAUDI wants to invest in IPL: Saudi Arabia wants to participate in the world’s biggest cricket league, IPL. Saudi Arabia’s Crown Prince Mohammed bin Salman traveled to India in September to take part in the Indian Premier League, according to a report by Bloomberg.
According to the article, the Crown Prince intends to turn the Indian Premier League into a holding company valued at $30 billion. about Rs 2.5 lakh crore. Bin Salman’s advisors have also talked to some Indian government officials about this. Salman wants to invest about five billion rupees (about Rs 41 thousand crores) in IPL, which will make it a worldwide cricket league instead of a domestic cricket league. IPL is the biggest sports league in the world. BCCI earns around Rs 118 crore from each IPL match.
This is how BCCI gets paid for the IPL.
- Media Rights: Media and rights to telecast IPL matches Only a company that holds the media rights can broadcast the match live and also show highlights. BCCI gets maximum income from this.
- Title prize: In 2008, title sponsorship was given at ₹50 crore per year. At the same time, in 2023 this figure was more than ₹ 300 crore per year. Tata and BCCI have spent ₹600 crore on the two-year deal.
- Cost of French Speech: Any new team joining the IPL will have to pay a franchise fee. This entire process is done through bidding, in which several companies or group teams buy from each other. Gujarat Titans and Lucknow Supergiants League 2022 added ₹12500 crore to BCCI’s account.
Saudi Arabia is also investing money in cricket and football
Saudi Arabia is joining the world’s biggest league. It also has the Saudi Football Pro League, in which the world’s best football player Cristiano Ronaldo plays. Additionally, the Saudi league has changed significantly over the past two years, bringing in some of the world’s best European footballers into their league. Therefore many players have also retired from the national team. Saudi Arabia will also participate in the 2036 FIFA World Cup this year.
IPL media rights worth Rs 48 thousand crores were purchased
Exactly a year ago, BCCI had bought the media rights of IPL from 2023 to 2027 for Rs 48,390.52 crore. Disney Star bought India’s TV rights for Rs 23.575 crore. Viacom 18 paid Rs 20,500 crore for the digital rights to the entire Indian continent and Rs 3,258 crore for the non-exclusive digital rights to 98 selected matches.
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