Women’s IPL 2023 : BCCI all set to earn 4000 crore in the upcoming bidding

By announcing the digital media right partner Viacom 18 for a staggering sum of 951 crores between the years 2023 and 2027, the Board of Control for Cricket in India has played a significant role in taking a significant stride.

Every game will cost around 7.9 crore every match.

According to reports from several media outlets, the BCCI expects to gain at least 4,000 crore, and five eminent business organisations would actively participate in the bidding.

More specifically, each franchise will be sold for between 500 and 600 crores at a close bid auction.

30 prestigious corporations, including Adani Group, Torrent Group, Aditya Birla, and others, have thus far shown interest in purchasing franchise in female IPL teams.

The bid for each team in Women's IPL is likely to be 500 cr to 600 cr. (Source – PTI)

— Johns. (@CricCrazyJohns) January 23, 2023

Some of these business houses expressed interest in the Men’s IPL 2021 auction process, however they ultimately failed.

Various media outlets have reported that current Men’s IPL teams including Kolkata Knight Riders, Mumbai Indians, and Rajasthan Royals may apply to buy a franchise in the Women’s IPL.

Will Women’s IPL change the template of Indian women’s cricket?

These business owners are interested in purchasing IPL franchises for two reasons based on two principles: return on investment, which is the standard practise in business.

🤑Prize Money in Women's IPL (INR)🤑

Winner – 6 Crores
Runners-up – 3 Crores
3rd Place – 1 Crore

Source: Cricbuzz | #CricketTwitter | #WomensIPL pic.twitter.com/FrckIzzoRv

— Female Cricket (@imfemalecricket) January 19, 2023

The second is Return of Ego, in which investors buy any company despite a poor initial return on investment because they anticipate a higher return in the long run.

With regard to the Men’s IPL, BCCI will split the media rights revenue with individual clubs at a rate of 50%, or 80%.

Soon, Mumbai will host the six-team WIPL competition.