Updated: 4 May 2022
IPL 2022: Mumbai Indians (MI) Most Valuable IPL Team As Per Forbes Report. There is no brainer that the IPL is the best cricket league due to its enormous popularity. Such is the audacity of this richest cricket league that players tend to retire early from the International cricket to feature in this league. Overall, what IPL brings to the table is pure nostalgia. With each passing year, the valuation of the IPL has increased by leaps and bounds. Let us look at the value proposition of IPL over the years and its comparison with other sports leagues. According to the Forbes report, in 2022 MI is the most valuable IPL team.
Also Read: Who Will Win IPL 2022, Prediction
How IPL’s Glamour Has increased?
IPL saw its inception in the year 2008. The next year, Forbes, one of the most honored magazines, released the data regarding the valuation of the eight IPL teams. At that time, the average valuation was pegged at $67 million. Today, as the IPL has entered the 15th edition and a total of 10 teams, the current average valuation has increased to $1.04 billion. This translates to an annual growth rate of 24%, which is the highest among any sports league across the globe.
Also Report: IPL 2022: 5 Reasons Why IPL 2022 TV Viewership Has Declined
The Number Game
If we talk about the data, it can be said that IPL’s success has been something to behold of. The annual growth rate of IPL, year on year, is way higher than the other popular games such as NFL- 10%, and NBA- 16%. In fact, the Mumbai Indians (the team with the highest brand value- $1.3 billion) are more than 6 MLB teams and 27 NHL teams.
Sunrisers Hyderabad, who took over the team from Deccan Chargers in 2012, paid almost double what Deccan Chargers paid in 2008. Last year, CVC capitals paid $750 million for Gujrat titans, whereas Sanjiv Goenka paid close to $ 900 million to purchase Lucknow Super Giants.
Also Read: IPL 2022: Why Did Chennai Super Kings (CSK) & Mumbai Indians (MI) Fail To Perform In The Tournament?
The Reasons For This Increase In IPL’s Brand Value:
The IPL audience on tv and digital platforms is enormous. Last year, around 400 million people watched the matches on Tv, while close to 260 million watched the games on OTT platforms. Star India, the current broadcasting rights holder, has paid $2.4 billion for the 5 years and will have to fight for the rights for the next five years. BCCI is expected to earn more than $6 billion for the IPL broadcasting and digital rights for the next 5 years cycle.
BCCI has designed this cricket league in a way that every team is sure to earn some profits, even if their team performs poorly in a season. In 2021. The average revenue for the 8 teams in 2021 was $35 million, whereas their operating income was $9 million.
IPL Most Valuable Team List 2022: Forbes Report
|1||MI||1.3 billion||33 million||5.5 million||Reliance Industries|
|2||CSK||1.15 billion||41.2 million||14.8 million||India cements|
|3||KKR||1.1 billion||41.2 million||14.1 million||Shah rukh khan|
|4||LSG||1.075 billion||N.A.||N.A||R.P. Sanjiv Goenka Group|
|5||DC||1.035 billion||35.4 million||8.3 million||GMR, GSW Group|
|6||RCB||1.025 billion||36.4 million||9.7 million||United Breweries|
|7||RR||1 billion||31.7 million||6.6 million||Emerging media ltd|
|8||SRH||970 million||31.8 million||3.2 million||Sun TV|
|9||PBKS||925 million||31.2 million||9.8 million||Multiple owners|
|10||GT||850 million||N.A.||N.A.||CVC Capitals|