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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

IPL 2024: Travis Head smashes brilliant century, Pat Cummins takes 3 wickets as Sunrisers Hyderabad defeat Royal Challengers Bengaluru by 25 runs

Travis Head smashed his century in 39 balls which is the 4th fastest hundred in the competition as he set the match for his team and was named man of the match. He put together a 108-run opening partnership with Abhishek Sharma, who hit 34 runs.

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Sunrisers Hyderabad on Monday broke their record of scoring the highest total in the Indian Premier League (IPL), as they hit 287 runs in 20 overs against Royal Challengers Bangalore at M Chinnaswamy Stadium in Bengaluru. During the innings, 22 sixes were shot, along with 19 boundaries, by the power hitters of Sunrisers Hyderabad – Travis Head (102), Abhishek Sharma (34), Heinrich Klaasen (67), Aiden Markram (32) and Abdul Samad (37).

Pat Cummins bowled a disciplined lined line and length and returned with figures of 3/43 to win the contest. Dinesh Karthik was the top scorer for Royal Challengers Bengaluru hitting 83 of 35 balls. RCB ended up taking the match closer than expected and SRH won the game by 25 runs.

The match between Royal challengers Bengaluru and Sunrisers Hyderabad was not an ordinary one, as many new records were made and broken. The Sunrisers Hyderbad broke their previous record of scoring 277 runs against Mumbai Indians in the current IPL tournament. Not only the current total of 287 is the highest in IPL tournaments so far, but it is also the second-highest score in T20 cricket history.

Virat Kohli (42) and captain Faf du Plesis(62) gave their team a good start before Dinesh Karthik smashed 83 off 35 balls as RCB ended on 262-7. SRH captain pat Cummins and spinner Makank Markande broke the back of the Bengaluru chase with 5 wickets between them. Pat Cummins said after winning the match against Mumbai Indians a few weeks ago he thought this would not happen again, but it has happened again.

Travis Head smashed his century in 39 balls which is the 4th fastest hundred in the competition as he set the match for his team and was named man of the match. He put together a 108-run opening partnership with Abhishek Sharma, who hit 34 runs.

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IPL 2024: Shah Rukh Khan wins hearts as he cleans up the sitting area at Eden Gardens, video goes viral

A video circulating on social media shows Shah Rukh Khan picking up discarded KKR flags off seats and the floor of the VIP section. He picks up a few of them and hands it to his bodyguard.

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Shah Rukh Khan always takes the limelight whenever he attends an Indian Premiere League (IPL) match. The Bollywood actor and Kolkata Knight Riders owner was at Kolkata’s Eden Gardens stadium to cheer for his team. But a sweet post-match gesture by him is now being shared online.

A video circulating on social media shows Shah Rukh Khan picking up discarded KKR flags off seats and the floor of the VIP section. He picks up a few of them and hands it to his bodyguard. Fans can be heard screaming his name, asking him to wave at them. After cleaning up the area, Shah Rukh Khan turns around and gives his fans a flying kiss.

Also after the match, Shah Rukh Khan met a few players and fans on the cricket field. He wore a purple KKR T-shirt and black pants. He also tied his hair in a messy manner. The video has gone viral on social media with 104900 views, 190 retweets and 1100 likes till now which are only increasing. One X user Kalpana Bansal wrote niji Zindagi mein aise hi hai SRK King Khan down to earth and shy.

Shah Rukh Khan’s daughter Suhana Khan and younger son AbRam were also seen at the match. Suhana’s BFF Ananya Panday also accompanied the Khans. Both the young actors shared photos and videos from the match on social media. Suhana Khan took to her Instagram handle, and shared her joy and posted multiple happy images from the stands.

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The photo album starts with a couple of pretty images of her followed by a video in which she lost her breath thinking a wicket dropped on the ground. She also shared a photo with Dream Girl 2 actress Ananya Panday who joined the Khans to support the team. Sharing the photo album, she wrote, winning at home.

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Jasprit Bumrah meets MS Dhoni in CSK dressing room, says felt good to catch up

Following the MI vs CSK match, Jasprit Bumrah walked into the CSK dressing room and posed for a photo with the MS Dhoni

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Following Sunday’s IPL 2024 encounter between Mumbai and Chennai at the iconic Wankhede Stadium, fast bowler Jasprit Bumrah was delighted to meet MS Dhoni. Bumrah, who recently defeated RCB by taking five wickets, expressed his happiness by uploading a photo of himself with the former CSK skipper.

Shortly after the match, Bumrah entered the CSK dressing room and engaged in conversation with the great Mahendra Singh Dhoni. Since then, the video, which IPL posted on X, has been making the rounds on the Internet.

Sharing the image, Bumrah wrote, met Mahi bhai after so long, felt good to catch up. In the image the two were seen wearing their team’s jerseys while posing for camera.

Soon after Bumrah shared the image, it quickly went viral. A user said, love for the mini-reunion. A second user said two legends in one frame. A third user said want to see playing together. Others also dropped hearts and fire emojis in the comments section.

After hitting 3 sixes and an undefeated 20 off only 4 balls against MI, Dhoni made headlines. The 42-year-old took Hardik Pandya to task after coming out to bat in the final over of CSK’s innings, smacking the bowler for three straight sixes.

In response to Dhoni’s blow, Chennai scored an incredible 206 for 4. Then, after Matheesha Pathirana claimed four wickets, CSK restricted MI to 186 for 6.

Dhoni is without a doubt one of the greatest cricket players of all time, and this is evident in the manner that both current and previous players describe him.

The bowling coach for CSK Eric Simons praised Dhoni after the game for his ability to get off to a fast start.

It was remarkable that he was able to hit the first ball so hard for six and keep going. Throughout the preseason and into the tournament, he has been hitting incredibly effectively in the nets. Simons described it as just another amazing MS Dhoni moment, he said.

Meanwhile, Dhoni became the first Indian player to knock three consecutive sixes in the opening three balls of an IPL innings in addition to reaching 5000 runs for CSK.

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