The Board of Management for Cricket in India (BCCI) will probably be conducting the first-ever Girls’s Indian Premier League 2023 later this yr. The media rights for the upcoming WIPL 2023 have already been bought at Rs 951 crore to Viacom18 final week and now over 30 firms have proven curiosity in shopping for the brand new WIPL franchises.
Whereas the announcement of WIPL group homeowners will probably be achieved on Wednesday (January 25), the technical bids of the 30 firms who’ve picked up the ‘Invitation To Tender’ (ITT) doc for grow to be the homeowners of WIPL groups will probably be achieved on Monday (January 23).
The technical bids are anticipated to supply a very good indication in regards to the events thinking about shopping for the 5 WIPL groups, in accordance with Cricbuzz web site.
“It’s apparent that some large corporates will probably be amongst these 5 provided that the Board of Management for Cricket in India (BCCI) has imposed a internet value clause of INR 1000 crore. There’s heavy hypothesis on two of the largest corporates of India and the world – the Ambanis and the Adanis – and Monday’s proceedings might verify that,” the Cricbuzz article learn.
“With Mumbai Indians being the richest IPL franchise, the Ambanis are anticipated to take part within the WIPL public sale in a giant method however there has not been a lot speak of late in regards to the Adanis. They’ve been fairly beneath the radar after perceived disappointment within the IPL public sale the place they fell wanting touchdown the Ahmedabad franchise. Wiser with that have, they might be taking part in sensible this time round and have maintained a low profile, avoiding any sort of publicity and public consideration,” the article added.
In keeping with the report, a group in Ahmedabad anyway will probably be in excessive demand whereas Bengaluru, Chennai, Guwahati, Kolkata, Mumbai and Nagpur are the opposite cities provided by the BCCI as group bases. Males’s IPL groups like Sunrisers Hyderabad (SRH), Royal Challengers Bangalore (RCB), Kolkata Knight Riders (KKR), Delhi Capitals (DC) and Rajasthan Royals (RR) are amongst others who’re anticipated to take part.
NEWS _- The BCCI is happy to announce Viacom18 Media Non-public Restricted because the profitable bidder of Media Rights for the Girls’s Indian Premier League (WIPL) Seasons 2023-2027.
Extra particulars right here – https://t.co/WpAz9tpr0R @viacom18 pic.twitter.com/lsAK0FRsHk
— IndianPremierLeague (@IPL) January 16, 2023
Among the many non-IPL contributors, it’s not clear who will flip up however as beforehand reported by Cricbuzz, Shriram Group, Nilgiri Group and AW Katkuri Group, APL Apollo, Haldiram, Chettinad Cement, JK Cement, Capri International have taken the ITT.
The BCCI has communicated an estimate of bills and incomes from the WIPL. In keeping with the P&L assertion, the BCCI can be incomes as much as Rs 125 crores within the first yr from the media rights sale. Within the subsequent years, the earnings from the supply is Rs 162.15 crores.
What would be the prize cash for WIPL 2023?
The central income share (on 80-20 ratio) will probably be Rs 28.08 crores for the group ending first within the league, with the runners-up getting Rs 27.20 crores and subsequently the opposite groups getting Rs 26.33 crores, Rs 25.45 crores and Rs 24.57 crores. This share will embrace an quantity of Rs 77 crores earnings from central sponsorship which the BCCI is but to announce.
What would be the Wage Cap for the WIPL 2023 groups?
The wage cap will probably be Rs 12 crore within the first yr with Rs 1.5 crores increment within the subsequent 4 years which is able to add as much as Rs 18 crores in 2027, the last-year of the present five-year media rights cycle.
The WIPL 2023 is more likely to be performed solely in Mumbai within the first yr with the tentative dates being March 4 to 26.