IPL's Business Value Surpasses $20bn After Record Franchise Sales
UKPulse Sport Desk
The Indian Premier League's business value has risen to over $20bn, an increase of more than 11% year-on-year, driven by significant team takeovers.
- The IPL's business value is now over $20bn, according to a Houlihan Lokey report.
- This represents an increase of more than 11% year-on-year.
- Takeovers of Royal Challengers Bengaluru for $1.78bn and Rajasthan Royals contributed to the rise.
The Indian Premier League (IPL) has seen its business value climb to more than $20bn, a new report by global investment bank Houlihan Lokey indicates. This marks an increase of over 11% year-on-year for the T20 cricket franchise league.
The surge in value follows multiple blockbuster team sales, including the record-breaking takeover of Royal Challengers Bengaluru for $1.78bn and the sale of Rajasthan Royals.