prize money in IPL: In the breathtaking IPL final between Chennai and Gujarat (CSK vs GT) on Monday night, Chennai Super Kings once again won the match at the last moment and won the final trophy. The Chennai team has won all its titles under the captaincy of Mahendra Singh Dhoni, and the IPL winning team has got a whopping amount of 20 crores. At the same time, 3 teams that reached the IPL playoffs also got cash prizes. The rest of the teams have also not come empty-handed, rather all these teams have earned a lot.
prize money in IPL This is how the team is formed during IPL
prize money in IPL: Tell that it is decided in the auction who will be the owner of the team. But there is a condition behind that the person who will open the ownership of the team, valuation of that person or group should be Rs 3000 crore or more, the person fulfilling this condition contacts the BCCI through email and the BCCI decides this. Does cricket apply whether or not to be allowed?
This is how all these teams Earn
The biggest source of earnings in IPL is media and broadcast. During the IPL, team owners earn by selling their media rights and broadcast rights. Broadcast rights are with Star Sports and live streaming rights are all with Jio TV, BCCI keeps 20% of the revenue from broadcasting rights and the remaining 80% is given to the teams. It has increased to 50-50.
Earning money from advertisements
BCCI also earns a huge amount of money through a lot of advertisements in IPL. Companies shell out a lot of money for people to have their names appear on the player’s jersey helmets. Not only this, you must have seen many players shooting advertisements in IPL jerseys, through which BCCI earns a lot of money.
Revenue is divided into three parts
If you try to understand it in simple language, first of all, the earnings of IPL teams are divided into three parts. Central revenue Promotional revenue and local revenue Central avenue includes media broadcasting rights title sponsorship. This accounts for about 60 – 70% of the earnings of the teams.
On the other hand, there is Ads and Promotional Revenue, from which I earn about 30 to 20%. Local revenue accounts for 10% of the teams’ earnings.
It also includes things like the rest of the ticket sales. Not only this, with around 7 to 8 domestic matches every year, the staff owners keep the revenue from ticket sales with them.
The remaining 20% falls between the BCCI and the sponsorship. Apart from this, all the teams also earn a good amount by selling their jersey caps and other items.
