THE WOMEN'S PREMIER League (WPL) might have taken time to materialise, but it's finally upon us, and the ladies in blue seem to have got what they deserved, including money. Even before its commencement, the WPL has already been dubbed the second-richest franchise-based cricket league in the world across genders, after the Indian Premier League (IPL), as per BCCI secretary Jay Shah, and the third-richest franchise-based women's league in the world across sports, after WNBA and Women's Super League.
On January 16, the media rights for the first five seasons of the league were acquired by Viacom18 Media for 951 crore-which translates to roughly 7.09 crore per match. Although these numbers are small compared to the men's league (the broadcasting rights for IPL stand at upwards of ₹48,000 crore for the next five years), market leaders say it's a good start.
Add to it sponsorship money, ticket sales and other commercial revenue opportunities, and a single game might well bring in over ₹12 crore just for the teams playing.
On January 25, the five teams were bought for a cumulative amount of ₹4,669.99 crore. While Gujarat Giants was sold for ₹1,289 crore, the highest, Mumbai Indians went for ₹912.99 crore. Royal Challengers Bangalore, Delhi Capitals and UPWarriorz were sold for ₹901 crore, ₹810 crore and ₹757 crore, respectively.
In fact, the bidding for teams of the WPL broke the records of the inaugural men's IPL in 2008, as per BCCI's Shah.
Esta historia es de la edición February 26, 2023 de Financial Express Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición February 26, 2023 de Financial Express Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Murdoch ally helps Ambani build media empire in India
SOHEE KIM PR SANJAI
Pandya, Dube & Rinku: Can they finish for India at T20 World Cup?
GOING INTO THE 2022 T20 World Cup in Australia Dinesh Karthik was assigned the finisher role and the batting lineup was built accordingly.
Nestle adds sugar to infant milk and cereal, finds report
A NEW REPORT has revealed that Nestle, the world's largest consumer goods and manufacturer of baby formula, is adding sugar to infant milk and cereal products sold in India, and other Asian, and African countries.
India-made Daimler's electric mini truck to hit the road soon
INDIA WILL BE host to German trucking giant Daimler's only electric vehicle plant outside of Europe and Japan when it launches a locally-made electric light cargo truck in FY25.
Samsung eyes ₹10,000 cr from India TV biz this year
SOUTH KOREAN GIANT Samsung is targeting a turnover of ₹10,000 crores for its television business in India this year, driven by growth in sales of its mid to-premium segment models, said Mohandeep Singh, senior VP, consumer electronics business in India.
Microsoft AI Copilot speed boost for coding
WHEN SOFTWARE DEVELOPER Nikolai Avteniev got his hands on a preview version of Microsoft's Copilot coding assistant in 2021, he quickly saw the potential.
US, China debt pose risks for global public finances: IMF
THE WORLD's TWO great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report.
Language models in consumer tech
This move is designed to ensure better user experience & privacy
'Data centres' energy use doubles every four years'
Data centres are significant energy consumers, using about 2% of the world's power and emitting carbon dioxide equivalent to the airline industry.
Vi FPO: Foreign players invest big; about ₹5,400 crore raised
GQG, Fidelity buy almost 40% of the anchor investor portion