WIPL Auction 2023: The BCCI earned 4670 crores from the auction of women’s IPL teams. The auction of the teams in the Women’s IPL concluded today. Today it will be known which company has bought which team.
The BCCI earned Rs 4666.99 crore:-
Due to this auction, the Board of Control for Cricket in India (BCCI) earned Rs 4666.99 crore.
After failing to buy the men’s IPL team last time, the Adani group has finally entered Indian cricket with the highest bid of Rs 1,289 crore.
Ahmedabad will operate the franchise. Royal Challengers Bangalore, Mumbai Indians and Delhi Capitals are the 3 IPL teams that will also own women’s IPL teams. The women’s IPL of five teams will be played in Mumbai in March (WIPL 2023 Schedule).
Franchisees and their owners:-
This time five teams will be in the fray in the Women’s IPL, for which the BCCI completed the auction process today. BCCI and Indian women’s cricket will earn Rs 4666.99 crore from this auction.
- Adani Sportsline Private Limited bought the Ahmedabad franchise for 1289 crores by making the biggest bid.
- India Win Private Limited bought the Mumbai franchise for 912.99 crores
- JSW GMR Cricket Pvt Ltd bought the Delhi franchise for 810 crores
- Royal Challengers Bangalore bought the Bangalore franchise for 901 crores
- Capri Global Holdings buys the Lucknow franchise for Rs 757.
A top BCCI official involved in the bidding process confirmed, “We are overwhelmed with the response to the WIPL team tender.
Women’s cricket will set a new benchmark on the commercial front on Wednesday. We will see 14-15 companies bidding for 5 WIPL teams tomorrow.”
Submitted Your Technical Bid:-
IPL franchises Mumbai Indians (Reliance), Delhi Capitals (GMR-JSW), Kolkata Knight Riders, Punjab Kings, Rajasthan Royals, Sunrisers Hyderabad (Sun TV Network) and Royal Challengers Bangalore (Diageo) have submitted their techno-bids.
An industry insider who has previously worked with the auction of men’s IPL teams told PTI ahead of the auction, “WIPL has a lot of potential.
Some bids may go up to Rs 500 crore or more. The chances of getting a bid of more than 800 crores are less but BCCI will not complain.
More than 30 companies have bought bid documents for Rs 5 crore to buy WIPL teams. These include 10 companies that own the men’s IPL teams.
Not another business Principle:-
The first of these is a return on investment (ROI), which is the fundamental principle of any business. The second is not a business principle, but the business community considers it to be associated with ego.
“Let’s say a franchise makes a successful bid of Rs 500 crore for five years, so here it would be Rs 100 crore per year,” said a former official of an IPL franchise involved in the bid.
Regarding the sources of income of the franchise, he said, “BCCI distributes the revenue of its media broadcast rights which is the main source of earning.
The second is the share for the purpose of BCCI. The third franchisee earns from its own sponsorship and the fourth is from gate sales and ticket sales.