In 2007, the BCCI founded the Indian Premier League, a professional T20 cricket league. It takes place every year between March and May.
The IPL was the first sporting event in the world to be streamed live on YouTube in 2010. According to Duff & Phelps, the IPL’s brand value in 2019 was Rs 47,500 crore (US$6.3 billion).
According to the BCCI, the 2015 IPL season contributed US$150 million to the Indian economy’s GDP. Financial experts estimated the IPL to be worth $4.16 billion in 2016, but that figure climbed to $5.3 billion in 2017 and $6.13 billion in 2018.
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Signing a new television agreement with Star India Private Limited, according to Duff & Phelps research, was one of the contributing elements to the Indian Premier League’s quick development in value.
The IPL was telecasted on regional channels in eight languages, rather than the previous contract, which limited transmissions to sports networks with English language commentary, which attracted more people.
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According to another independent report conducted by Brand Finance, a London-based firm, the Indian Premier League’s business value increased by 37% to an all-time high of $5.3 billion following the conclusion of the 2017 season, crossing the five-billion-dollar mark for the first time in a season.
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All IPL Team Owners
Chennai Super Kings: Chennai Super Kings Cricket Limited
Delhi Capitals: GMR Group and JSW Group
Punjab Kings: Mohit Burman, Ness Wadia, Preity Zinta, and Karan Paul
Kolkata Knight Riders: Red Chillies Entertainment and Mehta Group
Mumbai Indians: Reliance Industries
Rajasthan Royals: Amisha Hathiramani, Manoj Badale, Lachlan Murdoch, Ryan Tkalcevic, Shane Warne
Royal Challengers Bangalore: United Spirits Limited
Sunrisers Hyderabad: Sun TV Network
Lucknow Super Giants: RPSG Group of Sanjiv Goenka
Gujarat Titans: CVC Capital.
