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Friends, hardly anyone will know about IPL, its passion is so much that today’s youth, children and even the old age are also very much like
But friends, do you know what is the IPL, why it is organized every year, it does benefit from it, or who gets the loss or profit, by whom, which team is lost, and which team’s profit, you Information is being provided by article
IPL is not a cricket business model, as you would know the name of the country where the name of cricket will be the name of the Board of Control for Cricket in India (BCCI), it is definitely a non-profit orgnisation, it means that The money that the cricket team is earning should be invested in cricket again.
In 2008, a new setup was launched, named the Indian Premier League, in which eight teams were created and the teams were given the authorization that you can take players as you wish,
In 2008, sony set max TV channel paid Rs 8 thousand 200 crores to BCCI for 10 years on live TV broadcasting on its TV channel,
After this, from the year 2018 to 5 years, the Star Sports TV channel has given 16000 thousand crores of rupees to BCCI on its channel for live broadcasting.
This is their media right income
After this, the second income title was sponsored by the sponsor, when the IPL came first, then its name is DLF IPL after this Pepsi IPL and now its name is vivo IPL
So friends who are Vivo company, they have given BCCI Rs. 2200 crores for 5 years, for the title sponsor, which means that Vivo will come before these four words IPL
Overall, BCCI will get 20000 thousand crore rupees for 5 years
Now it has 4000 thousand crores of 1 year, now 40% of BCCI 4000 crores i.e. 1600 crores will be divided into these 8 teams.
Now every team will get 200 crores rupees, no matter how much or loser the match does not depend on, they have to get enough money.
After that the team earns money first. The title of the team’s sponsorship is written in the clothing of the team or the cap is written by any company and o company gives money to those teams besides the franchisees. Earns money from o home ticket
After that, the team who earns is the IPL prize of Rs 16 crore in the 2017 team winning team, the second runnerup got 11 crore rupees and the third and fourth team got 7-7 crore rupees.
According to the BCCI law, 50% of the IPL’s winning prize is to be given to the players if the captain wants to divide the entire money in the players but 50% must be given.
All these teams have a BCCI boss that means 20% of all sources of income from these teams have to be given to the BCCI.
Apart from all this, the team also has a loss of franchisees, but what happens in these 1 to 2 months is that they promote their product or brand so much that their losses also turn into profits.
So friends hope that you have liked the information given by this article, if you liked this article, then definitely make a comment.