IPL Live Updates Explainer: With this formula, the distribution of money will be done, how much will the franchisees get, easily understand the accounts of crores
48,390 crore will be divided into two parts
IPL is the second most expensive league in the world after the National Football League (NFL). It is no small matter to beat the old and prestigious world wide tournaments like English Premier League (EPL) and Major League Baseball (MLB) in the media rights. 48,390 crore will be mainly divided into two parts. Half the money will be divided among the 10 franchises of the tournament, but the 8 old teams i.e. Mumbai Indians (MI), Chennai Super Kings (CSK), Sunrisers Hyderabad (SRH), Kolkata Knight Riders (KKR), Rajasthan Royals (RR), Royal Challengers Bangalore (RCB) ), Punjab Kings (PBKS) and Delhi Capitals (DC) will have a bigger share while both new franchise champions Gujarat Titans and Lucknow Supergiants will have a smaller share.
Indian cricket board will keep half the money
The Indian Cricket Board will keep half of 48 thousand 390 crores i.e. 24 thousand 195 crores. This money will be spent on strengthening the foundation of cricket in the country. The money will be given to players, staff and state cricket associations. Till last year this model used to be different. Of this half, 70 per cent money was given to the state boards. Four per cent was distributed to the staff in the IPL and 26 per cent among various domestic and international players.four different understand the package
This time the TV rights, digital rights, 18 matches (preliminary, weekend double header, four playoffs) for the Indian subcontinent and four sections for the rest of the world were created. The base price was Rs 32890 crore and the cleverly sold package was valued at over $7 billion.
Package-A: TV Rights (India), Base Price- 49 crores per match
Package-B: Digital Rights (India), Base Price- Rs 33 crore per match
Package-C: Special match rights, base price- 11 crores per match
Package-D: Overseas Rights, Base Price- Rs 3 crore per match
Who won which rights?
The TV rights for the Indian subcontinent were bought by Disney Star for Rs 23575 crore (Rs 57.5 crore per match), but the digital rights went to Reliance’s Viacom 18 for Rs 20,500 crore. Viacom also bought a C package of ‘non-exclusive’ rights for Rs 2991 crore. The A and B packages include 410 matches over the next five years (74–74 matches in 2023 and 2024, 84 matches in 2025 and 2026 and 94 matches in 2027). Package C included the rights to 18 ‘non-exclusive’ matches, which Viacom18 bought for Rs 2991.6 crore i.e. Rs 33.24 crore per match. There are 90 matches in this package. Package D contained overseas TV and digital rights that Viacom18 and Times Internet bought for Rs 1,300 crore.