Hey IPL Lovers!
Have you Ever wondered how this ipl teams, players, owners,telecasting Channels, Apps earns money ?
If you're A fan of ipl then I'm pretty sure that this question flowed in your mind atleast once!
Am I right? If yes let's see how this actually works financially.
So first let's see basic information about IPL.
IPL stands for Indian Premier League basically A cricket league conducted between 8 teams by representing 8 different cities and states of India!
This league is founded by BCCI in 2008
BCCI will conducts IPL every year in the month of April or In may, but this year(2020) because of Corona pandemic it started in September but basically it will be played in the month of April and May.
So, By this time the doubt will be araised what is this BCCI?
No worries, we will see it now.
BCCI Stands For The Board Of Control for Cricket Of India
BCCI is A richest cricket board in world, Many Other countries cricket boards sometimes depends on BCCI for financial Purposes.
It will not be under the control of Government so they don't give any profit to government.
By using their profits BCCI Will Conducts Ranji Trophy, International matches etc.
Now I hope you're clear on what BCCI is and let's get into our main topic right now!
First we will see how This BCCI gets money by IPL, next how IPL team owners gets profit And later how IPL players earns money And At last how Channels gets money
➡ How BCCI Earns from IPL!
‣ TV rights & Digital Rights
in 2008 Sony Pictures Network Company Bought rights to telecast IPL Live matches on their channel for 82k Crores [ 820 millions ] that mean Sony Company Paid 820 Crore Per Year, therefore, This 82k Crores will goes to BCCI Later in 2018 An Indian Star India Company bought same permission rights from BCCI For 16347 Crores [2.55 Billions] For next 5 years (2018 - 2022)
Therefore Star India Paying 54 crores For Every match to broadcast on their Channels [ Star Sports Hindi, Telugu, English Etc ]
So to buy TV rights & digital rights Channel should bid! The one who bids high will get rights
‣ The interesting Fact here is on 2018 while bidding
Star India's Bid was higher than sum of all other bids.
Star India's bid Amount was 16347 Crores Where All other companies bid amount was 15819 crores!
Hehe Take A bow For Star India!!
Actually Star India Pays 43Cr To broadcast One International cricket match but To broadcast Only one IPL Match Star India Pays 54Cr, From this you guess how much craze will this IPL have!!
‣ Title Sponsorship
Every year many companies will bade to get IPL Sponsorship that's why we see DSLF IPL, Pepsi IPL, Vivo IPL And now dream11 IPL, On 2008 DSLF A real estate Company Bought Title Sponsorship for 200cr For 5 years [2008 - 2012] And next Indian Pepsi Company bought sponsorship for 200cr For 3years [ 2013 - 2015] Later, China Vivo Company bought IPL Sponsorship for 200cr for 2years [ 2016 - 2017] And Again VIVO Bought IPL Sponsorship For 2200Cr For [ 2018 - 2020] but due to conflicts Between China And India, VIVO Company Cancelled The Deal That's why Indian Dream11 Company awarded IPL Sponsorship For 222Cr In This year!
And there are also some associate sponsors for IPL too they are Uncademy, Cred, Tata Altroz And Ceat Tyres. Can you guess where these are shown in IPL!, They're shown at the borders, at strategic time Out, sixes and distributing Awards as well.
So This is how BCCI Earns Money from IPL!
➡ how IPL Team Owners Earns Money
‣ Tickets
Suppose let's pretend there is an IPL match between SRH [Sunrisers Hyderabad] And RR [Rajasthan Royals] and If its going to be conducted in hyderabad stadium [SRH Home] Then All tickets profit will goes to SRH Team Owner. If incase Match is conducted in Rajasthan Royals [RR Home Team] Then tickets profit goes to RR Team Owner!
‣ Sponsorships
I'm sure that probably you have seen the sponsorship branding On IPL Players Jerseys For example, if we Take Csk Jersey at front there will be The Muthoot Group Brand and at back India cement brand so this two companies will pay to IPL team owner to display their branding on players Jersey
‣ Online selling
Every IPL team have special designed Jersey And every year they will sell those jerseys at stadium and in some online stores too [Fancode] so by selling these Jerseys they will get some profit!
‣ BCCI
BCCI will shares their 50% Of Amount For IPL, Finally after the completion of IPL league. BCCI Will pay some amount to IPL Team Owners According their team performance and And Fans Craze Towards Teams, And BCCI gives prize money of 5% From their 50% of Amount For IPL Title Winner.
So this is how IPL team owners will earns money from IPL!
➡ How IPL Players Earns Money
‣ Remuneration
Every Year team owner will bid and buy every Player in their team for certain Amount For example in 2020 [This year] RCB Owner Paid 17Cr To Virat Kohli and Csk owner Paid 17Cr To Ms. Dhoni, MI also Paid 17cr To Rohit Sharma Like this every year IPL team Owner Pays Certain amount to the players!
‣ Awards
In every IPL Season there will be some awards
‣ Orange Cap
‣ Purple Cap
‣ Man Of The Match
‣ Game Changer Of The Match
‣ Unacademy let's crack it six
So by this awards IPL players will earns some money, Last but not least is
➡ How TV Channel earns Money Through IPL
‣ Advertisements
After every over there will be an ads on IPL Match Broadcasting channel I Hope you know very well about them!! So from these ads TV Channel Earns, Branding owners will pay money according to the Ads duration on TV Channel
‣ Subscriptions
To watch IPL in TV We must be subscribed to Channel, The subscription fee will be between 15rs - 50rs [According To Language] In this way Crores Of People Subscribes To TV Channel
So this is how TV channels earns money through
Now I hope you got A clear idea about how IPL works Financially!
➡ Recap | - -
‣ BCCI Gets Money by TV Rights & Digital Rights And Title Sponsorship, Associate Sponsorships
‣ IPL Team Owners Gets Money Money By Tickets & Sponsorships On Players Jersey, Online Jersey, Brand Selling And By BCCI
‣ IPL Players Gets Money by Remuneration And Awards
‣ TV Channels Gets Money Through Advertisements And Subscriptions!!!!
Thank you so much For Reading the Article!
Stay tuned for more!
Cheers 🥂
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