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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

ICC mediates between Pakistan Cricket Board and BCCI, seeks assurance from Pakistan for participation in World Cup

International Cricket Council (ICC) Chairman Greg Barclay and CEO Geoff Allardice are in Lahore, Pakistan to get assurance from the PCC on Pakistan team’s participation in the ICC Cricket World Cup due to be held in October-November.

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ICC mediates between Pakistan Cricket Board and BCCI, seeks assurance from Pakistan for participation in World Cup

Months ahead of ICC Cricket World Cup, tensions have already started between the Pakistan Cricket Board (PCB) and Board of Control for Cricket in India (BCCI).  

International Cricket Council (ICC) Chairman Greg Barclay and CEO Geoff Allardice are in Lahore, Pakistan to get assurance from the PCC on Pakistan team’s participation in the ICC Cricket World Cup due to be held in October-November.

The ICC seek a confirmation from the PCB that it will not push for implementing a hybrid model for its matches in the World Cup in India.

The development comes after PCB Chief Najam Sethi stated that the Pakistan Cricket team will not travel to India if the Indian team prevents itself from visiting Pakistan for the preceding Asia Cup.

The BCCI is concerned if the hybrid model proposed by the PCB chief is accepted for the Asia Cup, the PCB might also ask the ICC to implement the hybrid model for the ICC World Cup as well.

Sethi said if the Pakistan government doesn’t approve on sending the team to India, the PCB would seek ICC to hold the matches at a neutral venue.

If this situation arrives, it would be a big setback for the both the ICC and the BCCI as India vs Pakistan match happening in India witnesses a completely packed stadium, a successful match for the Indian cricket board and International cricket council economically, whereas if it would be held in any other country it would not be able to attract a large amount of crowd in the stadium, primary reason why BCCI Secretary Jay Shah was reluctant to accept the hybrid model for the Asia Cup.

The PCB Chief has also stated that if the Asia Cup is moved to a neutral country from Pakistan, then the Pakistan Team will not participate in the Asia Cup

The ICC is trying to bring the two nations into board together on the matter.

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IPL

Hardik Pandya pays tribute to MS Dhoni as Chennai Super Kings snatch IPL 2023 in thrilling tie

Hardik Pandya said that he was proud of the way his team played and if he had to lose, then he would lose the IPL title to CSK.

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Hardik Pandya pays tribute to MS Dhoni as Chennai Super Kings snatch IPL 2023 in thrilling tie

Gujarat Titans skipper Hardik Pandya was at a loss for words as Chennai Super Kings snatched a thrilling victory by scoring 10 runs of the last two balls of the match and chasing down the mammoth total of 171 in 15 overs.

Later on, he said that he was proud of the way his team played and if he had to lose, then he would lose the IPL title to CSK. He said it was CSK destiny to win IPL 2023. He said that since good things happen to good people and Mahendra Singh Dhoni was one of the best people he knew. He also added that God had been kind to him but it was Dhoni’s night.

The whole CSK batting order chipped in as Ravindra Jadeja  smashed 15 not out off 6 balls, Devon Conway (47 off 25), Rituraj Gaikwad (26 off 16) and Shivam Dube (32*off 21). Ajinkya Rahane (27 off 13) and Ambati Rayudu (19 off 8) helped CSK chase 171 from 15 overs in the rain-shortened final.

For Gujarat Titans, Sai Sudarshan massacred the bowling attack by hitting 96 runs off 47 balls. He was supported by Wriddhiman Saha (54 off 39). Shubman Gill added (39 off 20) to contribute yo the gigantic total of 214 but the rain forced the match to be shortened to 15 overs.

Hardik Pandya said the Gujarat Titans played with a lot of heart and was proud of their fighting spirit. He said the CSK played better cricket to clinch the IPL 2023 title.

The Orange Cap was awarded to Shubman Gill (Highest  Runscorer) and the Purple Cap was awarded to Mohammed Shami (Highest Wicket-taker). Shami and Gill were at their absolute best throughout the tournament.

Yashasvi Jaiswal was awarded the Emerging Player Of The Season. He has also been rewarded with a backup role in the India squad for the World Test championship final.

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Cricket news

Sachin Tendulkar hails Shubman Gill ahead of IPL 2023 final

Gill was in excellent form as he scored 129 off 60 deliveries with 7 fours and 10 sixes.

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Sachin Tendulkar hails Shubman Gill ahead of IPL 2023 final

Master blaster Sachin Tendulkar was all praise for Gujarat Titans star Shubman Gill following his match-winning knock against Mumbai Indians in the Indian Premier League(IPL)2023 Qualifier 2.

Gill was in excellent form as he scored 129 off 60 deliveries with 7 fours and 10 sixes. Tendulkar tweeted Gill’s performance in IPL 2023 will not be forgotten since he had notched two tons which were against top bowling teams.

The Master Blaster also noted that Shubman Gill had a calm demeanour but that didn’t keep him quiet in his pursuit of runs and frenetic running to convert singles into doubles and the twos into threes,

Former India fast bowler Atul Wassan reacted to the tweet. He said Gill will swallow the iconic trio of Kohli, Rohit and Dhoni  as he grows as a cricketer. Wassan noted that Chennai Super Kings talisman MS Dhoni would be the next to feel the heat from Gill’s Gujarat Titans as they face each other in the final of IPL 2023. Being a grounded player, Gill was not losing focus as many others have after sparkling in a few matches. Another person said that God had given his verdict. Another user said that Gill was a future star. Another user said that Shubman Gill was unstoppable and unforgettable in IPL 2023.

Another user said that Shubman was a world class player. Sachin further added Shubman Gill’s exceptional acceleration led the Gujarat Titans to a total of 233 runs in the first innings. Tendulkar noted Shubman doesn’t waste time and seizes the match and leaves a significant mark on the game.

Shubman Gill is in his prime form and has hit three centuries and two fifties. This season he has played 16 games and scored a massive 851 runs.

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