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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

Push for red-ball cricket: BCCI to hike Test match fee

The BCCI currently pays INR 15 lakh for a Test, INR 6 lakh for an ODI, and INR 3 lakh for a T20I.

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The Board of Control For Cricket in India (BCCI) intends to increase the payments for Test matches as a result of players’ increasing preference for playing in the Indian Premier League (IPL) over the longest format of the game, according to a report.

The fee structure has been revised by the cricket board in response to Ishan Kishan’s withdrawal from domestic cricket. The Indian wicketkeeper batter has been working with the Pandya brothers in Barodra, Gujarat, ahead of the IPL, which is scheduled to begin later this month, despite the management’s requests for him to play domestic cricket.

According to a source, BCCI is currently deciding how much more money will be given to a player who participates in every Test series for the whole of the season.

For instance, in addition to the yearly retainer contract, an individual should receive additional benefits if they participate in every Test series over a given year. This is to guarantee that more players show up for red-ball cricket. According to a source, this would be an additional perk of playing Test cricket.

The BCCI currently pays INR 15 lakh for a Test, INR 6 lakh for an ODI, and INR 3 lakh for a T20I.

According to a report, if the new salary structure is approved, it will be implemented after the current IPL season.

However, Rohit Sharma-led team India was engaged in a five-match Test series against England, which the home team had already won yesterday. Prominent players such as Mohammed Shami and Virat Kohli have missed this series due to injury and personal reasons, respectively.

Meanwhile, the team will play in the Indian Premier League (IPL) following this Test series, and after the end of the cash-rich league, Team India will head to the United States for the upcoming T20 World Cup.

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Cricket news

IPL 2024: Hardik Pandya returns after 4-month injury layoff

Hardik Pandya returned to the National Cricket Academy in Bengaluru last week, where he participated in match simulations as part of a fitness test.

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The captain of the Mumbai Indians, Hardik Pandya, is leading the Reliance 1 team in the DY Patil T20 tournament, marking his eagerly anticipated comeback to cricket. Since sustaining an ankle injury during India’s ICC Cricket World Cup group stage match against Bangladesh in October of last year, Pandya has not participated in any international cricket matches for the team India.

Pandya was not present for the home series of five T20 internationals against Australia, nor for the three ODI and three T20I matches that made up the journey to South Africa. In Pandya’s absence, top-ranked T20I batsman Suryakumar Yadav donned the role of captain.

Hardik Pandya returned to the National Cricket Academy in Bengaluru last week, where he participated in match simulations as part of a fitness test. He started training for the DY Patil T20 Cup in preparation of the IPL 2024 after passing the fitness tests.

Ahead of the upcoming Indian Premier League (IPL) season, Pandya was moved from the Gujarat Titans (GT) to the Mumbai Indians (MI) in November last year. Former MI captain Rohit Sharma, who has won five IPL trophies for the team, has been replaced by Hardik Pandya in the 2024 season of the famous league.

With players like Tilak Verma, Nehal Wadhera, Akash Madhwal, and Piyush Chawla, Pandya is in charge of a superstar-studded lineup. With Pandya leading the team, these players will play for MI.

However, Rohit Sharma will be captaining the team in the upcoming T20 World Cup, which is scheduled to take place in the USA and the West Indies in June, with the intention of putting an end to India’s ICC trophy drought.

Meanwhile, Board of Control for Cricket in India (BCCI) secretary Jay Shah earlier announced that Rohit Sharma will lead the Men in Blue in the ICC T20 World Cup. He also voiced hope that Team India will emerge victorious in the T20 cricket tournament and break their ten-year trophy drought under Rohit Sharma’s captaincy.

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Cricket news

India beat England by 5 wickets, secure 17th straight Test series win at home

Rohit Sharma-led team India defeated England in the fourth Test match of the series to clinch the 5-match series.

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England was unable to save a five-match series against India, after falling short by five wickets in the fourth Test match in Ranchi today. India’s commanding 3-1 series lead proved to be enough to seal the Test series defeat for Ben Stokes’ team.

India, dubbed the “final frontier” of bazball, proved to be a tough Test for the Brendon McCullum team, who faced harsh criticism for their batting strategy during this series. India won the 17th consecutive Test series, maintaining their winning streak in home Tests. In the red-ball version of the game, the squad increased their record for the most consecutive series victories at home.

The last test series which India lost agains England was in 2012 when Alastair Cook captained the English team. India has won every home match they have played since losing the series by 2-1. India hasn’t even drawn a Test series since their defeat by England in 2012.

India’s start to the current series had not been good. After losing the opening game in Hyderabad, Rohit Sharma’s squad reamined unbeatable even without a number of key players for the next 3-matches. The Indian squad proved to be very resilient, winning three straight games in Ranchi, Rajkot, and Vizag.

On the tricky Ranchi track, England won a vital toss and chose to bat first. With the help of an incredible century from Joe Root, they scored 353 runs in the opening half. India scored 307 runs in their first innings of replying. Jaiswal put up a spectacular 73, but Jurel was the real standout for India, scoring a solid 90 and creating important alliances with Kuldeep and Akash Deep to cut into England’s lead.

Meanwhile, the most impressive bowler was Shoaib Bashir, who took his first five wicket haul despite giving up 119 runs in 44 overs.

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