The BCCI is set for a windfall of gigantic proportions as the IPL broadcast rights (TV and digital) could fetch the Board up to USD 5 billion for the next five-year cycle (2023-2027) while some high-profile interest is being seen in the bidding process for the two new teams. The current five-year rights (TV and digital) for IPL from 2018 to 2022 are with Star India but, according to people who are in decision-making capacity, the valuation, which is at Rs 16,347.50 crore (USD 2.55 billion) right now, could more than double and reach USD 5 billion (around Rs 36,000 crore approx at current exchange rate). “There is a well-known US based company which did send BCCI feelers some time back, expressing their serious interest in bidding for IPL media rights. With 10 teams playing IPL from 2022, the matches will go up to 74 and in any case, the valuation of the property increases,” a senior BCCI said.
Related Articles
New chief for Pak army
Bajwa marks exit with embarrassing comments Qamar Javed Bajwa, in his last address as Pakistan’s army chief, had an embarrassing task to perform. He was forced to defend the country’s most powerful institution, which has […]
This Diwali, the RNC is Investing in Indian Americans
Today (Nov 5) marks the end of the celebration of Diwali for Hindus across the world. Diwali celebrates the victory of light over darkness and is the biggest and most significant holiday for our community. […]
Malta legislator Roberta Metsola 3rd woman EU Parliament prez
Brussels (TIP): Christian Democrat Roberta Metsola of Malta was elected president of the European Union’s parliament January 19, taking over for a two and a half years term following the death of Socialist David Sassoli […]
Be the first to comment