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BCCI to rake-in Rs 4000 crore in Women’s IPL bids

The Women’s IPL (WIPL) is set to rake in at least Rs. 4,000 crores for the BCCI as top business houses are set to bid aggressively for the five Women’s IPL (WIPL) teams up for auction on Wednesday.

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Women's IPL

The Women’s IPL (WIPL) is set to rake in at least Rs. 4,000 crores for the BCCI as top business houses are set to bid aggressively for the five Women’s IPL (WIPL) teams up for auction on Wednesday.

Market experts say that the teams are expected to shell out in the “range of 500 to 600 crore INR” per team in the closed-bid auction.

Industry insiders believe the WIPL to be full of huge potential and expect a “few bids” in the Rs 500 crore range, adding that upwards of Rs 800 crore would be a bit ambitious but not totally unexpected.

Corporate giants such as Adani group, Torrent group, Haldiram’s Prabhuji, Capri Global, Kotak and Aditya Birla Group have shown interest in buying a team. They are among at least 30 companies who have bought the bid documents worth Rs 5 lakh including all the 10 men’s IPL teams.

Some of these companies were unsuccessful when BCCI invited bids for two new men’s teams in 2021.

Among the traditional IPL teams, Mumbai Indians, Rajasthan Royals, Delhi Capitals, KKR could seriously contemplate to add to the bouquet of their already existing men’s teams across the globe.

Market insiders say, there are two principles according to which the bids are place by business houses.

First is “Return on Investment” (ROI)- the core principle of any business. It is profit on what an entity spends.

The second one isn’t a business principle as such but in business community they call it “Return of Ego”, which is something where some of the biggest business names are ready to shell out any amount if they have their eyes on buying a particular property. Even if it takes five to seven years for breaking even.

It’s about wanting to purchase something at any cost. An existing IPL franchise with its “steady revenue stream” in place can afford to “bleed” a bit more in initial years which is imperative.

A report quoted a former IPL franchisee official, who once worked on bids, explained the mindset behind the bidding process.

He said that the major earning chunk for a franchise comes from the BCCI media broadcast revenue which is distributed. Second is a is a share from BCCI’s central pool of sponsorship, while third is a franchisee’s own set of sponsorship earnings. Fourth is gate sales, money earned from tickets.

According to the official, the in case of Women’s IPL, the BCCI is going to share 80 percent of media rights money with the teams as opposed to the 50-50 arrangement it has with the men’s IPL teams.

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So, if Jio has brought media rights for five years at Rs 950 crore (approx) which is roughly Rs 190 crore per year. So, 80 percent of 190 crore is 152 crore, is what the franchise gets over a period of five years which approximately Rs 30 crore per annum, he explained.

Elaborating further, he added that BCCI will also distribute a chunk of its central pool of sponsorship (title sponsor, co sponsors, various award sponsors) also with franchise. Add to it franchisee’s own revenue pool also. So it could be anything between Rs 15 to Rs 18 crore per year.

This takes up the yearly earnings for a team around Rs 50 crore.

The official elaborated on the expected yearly expenses of a team including the Rs 100 crore franchisee fee to be around Rs 130 crore, so the franchise owners can expect a loss in the orbit of Rs 50 crore or more for the next few years.It

However, he adds, the catch is that the legacy men’s IPL franchises are better placed to offset these losses as they are already making profits after 15 years of IPL. They will club their men’s and women’s team together and perhaps quickly make the profit zone.

The five-team WIPL will be played in the month of March in Mumbai at a couple of venues.

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Cricket news

Fans go wild as Shahid Afridi gets javelin lessons from Olympic medallist Arshad Nadeem

The significance of Nadeem’s triumph extends beyond Pakistan’s borders. His victory also marked the end of Neeraj Chopra’s reign as Olympic champion. Chopra, the Indian javelin star, had to settle for silver, a result he later attributed to injury issues in an interview.

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Arshad Nadeem’s name is synonymous with a seismic shift in Pakistani sporting history. His gold medal win at the 2024 Paris Olympics wasn’t just a personal triumph; it was a watershed moment for the nation. Before Paris, Pakistani athletes had never stood atop an Olympic podium in athletics.

Nadeem’s achievement, a breathtaking 92.97m throw that shattered the Olympic record, instantly elevated him to a level of national icon rarely seen. He transcended the realm of mere sportsmanship, becoming a symbol of national pride and a source of unparalleled inspiration.

His popularity now eclipses even the country’s most celebrated cricket stars, a feat previously unimaginable. The sheer magnitude of his accomplishment resonates deeply within Pakistani society; it’s a victory that resonates far beyond the athletic field, inspiring hope and ambition in a nation yearning for global recognition.

The impact of his win is evident in the enthusiastic response to a recently viral video. The footage depicts Nadeem, in a surprisingly casual setting at a Jeddah school, patiently instructing none other than cricketing legend Shahid Afridi in the art of javelin throwing. The scene itself is a testament to Nadeem’s newfound status – a celebrated Olympian tutoring a national sporting icon.

https://www.facebook.com/watch/?v=1798751184187881

The video captures the sheer exuberance of the onlookers, a crowd overcome with excitement at the unexpected pairing of these two sporting giants. Their shared presence created a palpable energy, further emphasizing Nadeem’s remarkable ascent to national hero status. The video’s viral spread is a clear indication of the widespread adoration and respect Nadeem commands.

The significance of Nadeem’s triumph extends beyond Pakistan’s borders. His victory also marked the end of Neeraj Chopra’s reign as Olympic champion. Chopra, the Indian javelin star, had to settle for silver, a result he later attributed to injury issues in an interview.

While Chopra’s explanation is understandable, it serves to further underscore the magnitude of Nadeem’s victory – a victory that not only secured a first for Pakistan but also dethroned one of the world’s foremost javelin throwers. Nadeem’s remarkable achievement in Paris is a story of dedication, perseverance, and ultimately, triumph on the world’s biggest stage; a story that will be told and retold for generations to come.

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Cricket news

Venkatesh Iyer suffers injury during Ranji Trophy, gives scare to KKR fans ahead of IPL 2025

His absence in the upcoming season would be a significant blow to KKR’s campaign, potentially disrupting their carefully crafted strategies and team dynamics. The acquisition of Iyer himself was a high-stakes gamble.

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Kolkata Knight Riders (KKR) are facing a potentially devastating blow ahead of the Indian Premier League (IPL) 2025 season. Venkatesh Iyer, the star all-rounder who commanded a staggering ₹23.75 crore at the recent mega-auction, has suffered a serious injury during a Ranji Trophy match. The incident occurred while playing for Madhya Pradesh against Kerala at the Greenfield Stadium.

While batting at number six, Iyer twisted his right ankle, bringing a premature end to his innings after just three balls faced. The injury appeared severe, forcing him to immediately retire hurt. Eyewitnesses described Iyer collapsing on the pitch in pain, requiring immediate attention from the team physio.

He subsequently left the field with the physio’s support, a stark image that sent ripples of concern through the KKR fanbase. Later, he was seen in the dugout, wearing a single pad and resting his injured leg, further emphasizing the gravity of the situation.

The timing of the injury couldn’t be worse. Iyer was instrumental in KKR’s IPL 2024 title victory, delivering a stellar performance with 370 runs in 15 matches (13 innings). His impressive average of 46.25 and a remarkable strike rate of 158.79, punctuated by four fifties, solidified his position as a key player within the team.

His absence in the upcoming season would be a significant blow to KKR’s campaign, potentially disrupting their carefully crafted strategies and team dynamics. The acquisition of Iyer himself was a high-stakes gamble.

Released by KKR after the 2024 season, he was unexpectedly snapped up in a fierce bidding war against Lucknow Super Giants (LSG) and Royal Challengers Bangalore (RCB). The ₹23.75 crore investment underscores the franchise’s belief in his abilities and their willingness to go to extreme lengths to secure his services.

Now, the team finds itself nervously awaiting a prognosis on his injury, hoping for a speedy recovery that would allow this prized asset to return to the field. The extent of the injury and the subsequent recovery timeline remain uncertain, leaving KKR fans and management alike in a state of anxious anticipation.

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LATEST SPORTS NEWS

Australian Open: Aryna Sabalenka defeats Paula Badosa to reach third straight final

The Serbian champion, who required a medical timeout and painkillers during the match, even admitted to contemplating retirement at one point.

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Aryna Sabalenka continued her dominance at the Australian Open, securing her place in a third consecutive final with a commanding 6-4, 6-2 victory over Paula Badosa. This win positions the world No. 1 just one match away from a historic three-peat, a feat unmatched in women’s singles at Melbourne Park since Martina Hingis’ triumph from 1997 to 1999.

Badosa, who will return to the WTA Top 10 following her impressive semifinal showing, began the match strongly, holding a commanding 2-0, 40-0 lead. However, a rain delay and the subsequent roof closure at Rod Laver Arena disrupted her rhythm. Sabalenka capitalized on the interruption, swiftly regaining parity and reeling off four consecutive games to clinch the first set.

The Belarusian’s dominance intensified in the second set. She significantly improved her first-serve win percentage, leaping from 69% in the first set to an impressive 90% (9/10) in the second. Two further breaks of Badosa’s serve, coupled with conceding only a single break point herself, sealed the victory in a swift 1 hour and 23 minutes.

This win extends Sabalenka’s head-to-head record against Badosa to 6-2, including both of their Grand Slam encounters and stretches her Australian Open winning streak to an astonishing 20 consecutive matches. Her last defeat in Melbourne came against Kaia Kanepi in the fourth round of the 2022 tournament. Sabalenka now awaits the winner of the semifinal clash between Iga Swiatek and Madison Keys, poised to potentially etch her name into Australian Open history.

Meanwhile, on Tuesday, Novak Djokovic’s participation in the semifinals remains shrouded in uncertainty. A thigh injury sustained during his gruelling three-hour, 37-minute quarterfinal battle against Carlos Alcaraz has cast doubt over his ability to compete. The Serbian champion, who required a medical timeout and painkillers during the match, even admitted to contemplating retirement at one point.

Despite his eventual victory and a subsequent statement expressing his determination to continue, Djokovic’s absence from a scheduled practice session fueled speculation regarding the severity of his injury. While he secured a hard-fought win, questions about the true extent of his injury persist, adding another layer of intrigue to his upcoming semifinal against Alexander Zverev.

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