Global interest in new teams shows IPL biggest ‘Make in India’ brand: BCCI Treasurer

Image Source : PTI
Global interest in new teams shows IPL biggest ‘Make in India’ brand: BCCI treasurer

New Delhi. Cricket Board of India (BCCI) Treasurer Arun Dhumal has said that the global interest for the two new Indian Premier League (IPL) teams shows that it is the biggest ‘Make in India’ brand and with billions of dollars coming in to its ecosystem. The game will benefit the world. After the completion of the bidding process in Dubai on Monday, private equity firm CVC Capitals Partners bought the Ahmedabad franchise for Rs 5625 crore while RPSG Ventures placed a bid of Rs 7090 crore for the Lucknow franchise.

The owners of the legendary football club Manchester United also tried to be a part of the IPL but fell behind in the race to buy the team. Dhumal told PTI, “All of us Indians should be proud that IPL has grown tremendously over the years and how it has become a global sports brand. The eyes of the owners of Manchester United and the likes of CVC say everything about the IPL. This is the biggest ‘Make in India’ brand that the country has produced and we all should be proud of it.

Dhumal is also a member of the IPL Governing Council. 10 teams will take part in this breathtaking league from 2022. Asked whether BCCI expected such high bids after keeping a base price of Rs 2,000 crore, Dhumal said, “Forget the numbers, it has shown the world that we are capable of hosting such a huge tournament with a huge success.” are capable of. The best players want to be a part of it. It has also changed the way cricket is played in all formats.

“We don’t have to assess it. The market is the best place to decide on the price. We put wealth in front of the world and people judged its value. You can say that the figures in 2008 (before the first season) were fantastic but look at what it has done to eight franchises.

Mumbai Indians was the most expensive franchise among the eight teams at Rs 450 crore as per the 2008 exchange rate. The media rights of IPL, which were sold for over Rs 16,000 crore in the previous cycle, will once again come up for sale soon and the Rs 30,000 crore mark for the 2023-2027 cycle may be crossed. Referring to the upcoming grand auction, Dhumal said the process would be fair for all teams, including new teams. Franchisees are expected to retain up to four players before the auction while the right to match card will not be there.

“We are working on it and we will ensure that everyone including the new teams gets a fair chance to prepare their team,” Dhumal said. There should be competition in tournaments, that’s why people watch IPL.

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