IPL surpasses $10 billion valuation: The Indian Premier League (IPL), whose total valuation has surpassed $10 billion, has evolved into a decacorn. According to a D and P Advisory assessment released on Tuesday, the league is currently valued at $10.9 billion. Notably, it has increased by an astonishing 75% since 2020.
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IPL surpasses $10 billion valuation: Key Points
IPL’s expansion has been aided by lucrative agreements with industry titans in media. A company valued at more than $10.0 billion is referred to as a decacorn. In less than 15 years since its beginning, the IPL has reached the milestone.
Months after India won the first ICC T20 World Cup, the competition’s first edition was contested in 2008. Since then, the IPL has become steadily stronger with well-known athletes from all over the world taking part.
IPL attains significant Milestone: Report
The IPL reached the important milestone after selling its media rights for the years 2023 to 2027, according to a research by D and P Advisory titled “Beyond 22 Yards.” The league recorded a three-fourth increase in revenue over the previous cycle when it sold its media rights for $6.2 billion. The rights were divided among numerous broadcasters for the first time.
IPL: Second Biggest Sports League Worldwide
The IPL, on the other hand, is the second-biggest sports league worldwide in terms of money made from broadcasting fees every game. $12 million is expected to be made from broadcasting each game. In terms of revenue per game, only the National Football League (NFL) earns more than the Indian T20 league ($17 million). Notably, in the upcoming years, the quantity of IPL games will gradually rise.
