IPL Media Rights Worth Can Contact $50 Billion: Chairman Arun Dhumal newsfragment


IPL is the second-most high-valued league next america’s NFL.© BCCI/IPL

The Indian Premier League (IPL) chairman Arun Dhumal believes that the media rights price of the league has the prospective to the touch a staggering $50 million over the nearest twenty years, equipped it assists in keeping innovating and improvising with fanatics’ pursuits in thoughts. The wave media rights price of the league stands at $6.2 billion (approx Rs 48,000 crore) for a five-year length establishing from 2022. Even by way of this estimate, IPL is the second-most high-valued league next the Nationwide Soccer League (NFL), because the American wearing entity struck a $110 billion media trade in for an 11-year length establishing from ultimate 12 months.

“If I have to see how it has gone over the last 15 years and if I have to go by estimates going forward, we are expecting media rights (of the IPL) to go somewhere close to $50 billion by around 2043,” stated Dhumal pace talking on the RCB Innovation Lab’s Leaders Meet Bharat right here.

Dhumal, who could also be a former BCCI treasurer, additionally pinned his hopes for a monetary providence at the introduction of the Girls’s Premier League (WPL) and cricket’s inclusion within the 2028 Los Angeles Olympics.

“We need to keep innovating, keep doing better in terms of fan engagement, and keep making it better in terms of the quality of games,” he stated.

“Now that cricket is becoming part of the Olympics and with the WPL taking it to a different level for women’s cricket, I see a lot of hope and light at the end of the tunnel,” stated Dhumal.

The media rights price of the IPL has grown exponentially within the ultimate decade and part from the Rs 6000 crore in 2008, going while a number of alternative primary wearing leagues the world over.

Dhumal dissected the expansion and ever-swelling approval for the IPL.

“IPL is the most-watched cricket league in the world. Personally, I feel IPL is the best Make in India brand we can think of post-Independence.

“We’re an overly various nation when it comes to states, cultures and languages being spoken. However that is one platform (IPL) which is rooted so neatly that you’ll be able to show off Bharat to the globe,” he said.

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