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Valuation Of Ipl Franchises Through The Years

Valuation of IPL franchises through the years

It was a fascinating day for Indian cricket after two more teams were added to the Indian Premier League and the 2022 edition will now have ten sides battling it out for the trophy. The two teams are based out of Lucknow and Ahmedabad respectively.

While Sanjeev Goenka owned RPSG Group got the rights of the Lucknow team for a sum of Rs 7,090 crores, the bid for the Ahmedabad franchise was made by CVC Capitals Partners for Rs 5,625 crores.

The valuation of the IPL teams have not been at these skyrocketing figures since the inception. Here we now take a look at the teams and the cost (USD) that they went for in the first auction.

Most teams were sold for the 2008 edition around the price of 100 crore rupees. The now four-time IPL champions Chennai Super Kings went for Rs 91 million while Delhi Capitals, Delhi Daredevils and Kings XI Punjab went for 107 million, 84 million and 76 million rupees respectively.

The Kolkata Knight Riders which had a huge hype in that period owing to the ownership of Bollywood star Shah Rukh Khan, went for 75 million rupees. Mumbai Indians, hailing from the business capital of India attracted the highest bid of 124 million rupees. The Royal Challengers Bangalore went for 111 million in that auction.

IPL had one more round of tender in the last decade and the now-defunct Pune Warriors India went for a huge sum of 301 million. That showed the rise of the stature of the Indian Premier League in the business market and despite the match-fixing allegations, IPL did not fizzle out.

If the Pune bid was any indication, this 2021 auction was always going to attract big money from business houses and the BCCI did expect a combined business of Rs 7000 crores from this round. However, they outdid themselves and received a total bid of over Rs 12000 crores a day after India lost to Pakistan in the T20 World Cup.

The bid for the Ahmedabad franchise went to 692 million while the Lucknow team went for 932 million.

What will be the impact on the value of other franchises?

The higher amount of the new franchises means that there will be rise in the stocks for the older franchises as well.

If the owners consider selling the franchise, they might attract much more money than they bought the franchise for. For instance, in 2018, Jindal South West (JSW) bought the 50% ownership of Delhi Capitals (formerly Delhi Daredevils) from GMR group. At that time the valuation of the franchise was somewhere around Rs 1100 crore and JSW made the payment of half of that amount.

With 10 teams announced, the Board of Control for Cricket in India (BCCI) later announced that the 2022 edition will be a 74-match affair where the teams will play seven away and seven home matches during the course.

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T20 World Cup | AFG vs SCO: GAME! SET! MATCH! Afghanistan destroy Scotland in all departments

Afghanistan captain Mohammad Nabi had said that a win in the match against Scotland will bring smiles on the faces of the fans back home. Well, Nabi’s men and especially Mujeeb ur Rahman and Rashid Khan did what the doctor ordered and ripped through the Scotland batting unit in Sharjah on Monday. Chasing 191 in 20 overs, Scotland could only manage to score 60 runs in 10.2 overs with Mujeeb picking up a fifer while Rashid returning with a four-wicket haul during the course to win the match by 130 runs. Scotland started off the proceedings in a decent manner as openers George Munsey and captain Kyle Coetzer stitched a stand of 28 runs for the first wicket before the latter was cleaned up by Mujeeb which certainly broke the shackles and Scotland were soon reduced to 28/3 at the end of the fourth over. The misery continued for Coetzer’s side as they lost a couple of more wickets in the power play overs with Munsey being sent back in the hut by Mujeeb for 25 off 18, a knock that included a couple of maximums and as many fours. The wickets kept tumbling at regular intervals and Scotland were left tottering at 53/8 to eventually get bowled out. Mujeeb’s five-for came at the cost of just 20 runs in 4 overs while Rashid returned with figures of 4/9 in 2.2 overs. Earlier, in the day, Hazratullah Zazai and Mohammad Shahzad gave Afghanistan a brisk start as the two batters put 54 for the first wicket in less than 6 overs. While Shahzad departed for a 15-ball22, Zazai continued with his onslaught and struck 44 off 30 including three sixes and three fours. Afghanistan were 82/2 in the 10th over when Gurbaz was joined by Najibullah and what unleashed next was a nightmare for the Scotland bowling unit. The two batsmen put on a partnership of 87 runs for the third wicket. Gurbaz fell short of a half-century by just four runs while Najibullah went on to score 59 in 34 deliveries. Captain Nabi also chipped in with a quick-fire 11* off 4 to help the side post 190/4 in 20 overs. Afghanistan captain Mohammad Nabi acknowledged the importance of winning in the start of the tournament and also hailed the openers for their knock. The right-hander further lavished praise on the spin department and the way they fared. “It's important to win at the start of the tournament. Both the openers started well, we finished the powerplay on a good note. The running between the wickets was good and Najib played well to help as post that total,” he said in the post-match presentation. “We have some good spinners in the form of Rashid and Mujeeb, they played everywhere in the world. We have a very good team combination,” he added. Scotland will now play Namibia on Wednesday in Abu Dhabi while Afghanistan will be up against Pakistan in Dubai on Friday.

You don't invest hundreds of crores for passion: Sanjiv Goenka explains why he bought Lucknow franchise

Sanjeev Goenka owned RPSG Group bagged the rights of Lucknow-based franchise which will be one of the two new IPL teams after making a bid of Rs 7,090 crores. The price sent ripples throughout the sporting ecosystem and fans were left staggered as to how did Sanjiv Goenka arrive at that valuation. In an interaction with India Today, the industrialist expressed his delight and said that it’s a calculated move, one that involves more maths rather than the passion for the game. "You invest a few crores for passion. You don't invest hundreds of crores for passion. Secondly, what I have to pay to the BCCI eventually is the difference between what I get from the BCCI by way of broadcast rights etcetera and what I have to pay to them by way of license fees,” he said. He added that the net difference according to him would be close to half of 7000 crore, which he feels is a great deal considered over a period of 10 years. "I am quite excited about this. UP is the biggest state of the country. The most populous state. We do believe there is a huge population in the state who is waiting to have a team. We do have operations there. We are fairly excited about it and it will be a furtherance of a business in UP which we are very keen on," Goenka added. On the other side, CVC Capitals Partners made a bid for the Ahmedabad franchise for Rs 5,625 crores. The number of teams in the IPL has now risen to 10 with two new teams set to join the existing eight. BCCI will be hosting a total of 74 matches this season. Each team will play seven home and seven away matches during the tournament.

IPL 2022 to host 74 matches; each team to play seven home & 7 away games

The 2022 edition of the Indian Premier League (IPL) will see a total of 74 fixtures being played after there was an addition of two new sides on Monday. The tally of the franchises has now risen up to 10 while every team will play 7 home and as many away matches during the course of the tournament. “The new franchises will participate in IPL from 2022 season onwards subject to the bidders completing the post-bid formalities as specified in the ITT document. The IPL 2022 season will comprise ten teams and will have 74 matches, wherein each team will play 7 home and 7 away matches,” the BCCI said in a statement. How does the format work? The format was earlier used in the 2011 season. In that season, teams were divided in two groups of 5. Teams played 2 games (home & away) against members of their own group and then play 1 game each against 4 teams of the other group. With that adding up to a total of 12 matches per team, the said franchise plays their last two matches (home & away) against one member of their opposite group, making it a total of 14 matches. With that format making it 70 matches total, there will be 4 games allocated to the play offs stages as usual. Who are the teams? The two sides are going to be based out of Lucknow and Ahmedabad respectively. RPSG Ventures Ltd will own the Lucknow team after they made a bid for INR 7090 Cr, Irelia Company Pte Ltd. will own the Ahmedabad side as they a bid of INR 5625 crores.

T20 World Cup | PAK vs NZ: Newest rivalry in town to unleash as Pakistan face New Zealand

The Pakistan team was in a different zone when they faced India on Sunday in Dubai. First Shaheen Afridi rattled the Indian top order and later captain Babar Azam and wicket-keeper batsman Mohammad Rizwan made a mockery of the chase as they clinched a victory by 10 wickets to send the records for a toss. This was the first time when Pakistan had defeated India in a World Cup fixture. The way Babar and Rizwan batted, it seemed as if they had come out in the middle to prove a point. Well, that’s how an India-Pakistan rivalry has been for ages. But the Asian side will now be up against New Zealand. This could have been just another World Cup encounter where both the sides would have fought for valuable points. But it would be much more than that now as the Pakistan Cricket Board (PCB) chairman Rameez Raja had earlier said that apart from India, the Pakistan team will target New Zealand and England now after they abandoned their respective tours of Pakistan citing security concerns. "We go in the World Cup now and where we had one team in our target - our neighbours India, they now add two more teams - New Zealand and England. So pick up the strength and develop a mindset that we are not going to lose because you didn't do right by us with us and we will avenge that in the ground," ESPNcricinfo quoted Raja as saying. For now, the Babar Azam-side has responded well to what the PCB chairman had said but it’s still a long way to go. They are in good form and should rather focus on continuing that in the next match. New Zealand on the other side, will be coming into this match after losing both the warm up matches against Australia and England respectively. Nevertheless, the Blackcaps will now begin the tournament against Pakistan in Sharjah on Tuesday. Match Details Match: PAK vs NZ, 19th Match, Super 12 Group 2, ICC Men's T20 World Cup 2021 Date: Tuesday, October 26, 2021 Time: 7:30 PM Venue: Sharjah Cricket Stadium, Sharjah Telecast: Star Sports Network, Disney+ Hotstar Pitch Report The track in Sharjah had something on offer for the batters during the game between Sri Lanka and Bangladesh while Afghanistan also dominated the Scotland bowling unit in their respective clash at the venue. But the key will be to get the eye in and then accelerate for the batsmen. The spinners can play some role in the middle overs as well. So, if you win the toss, elect to bowl first. Babar Azam & Rizwan: Partners in run-scoring The two batsmen were on a roll during the match against India on Sunday. The duo put up an unbeaten stand of over 150 runs and thrashed the Indian bowling line up to win the match by 10 wickets. While Babar took a bit of time to settle in, Rizwan punished the bad deliveries that came his way. The Pakistan team management would expect these two to continue from where they left in the last encounter. While Babar can play the anchor’s role, Rizwan has some innovative strokes in his armour that can come handy against a formidable New Zealand bowling attack. Shaheen Afridi’s role The left-arm pacer Shaheen Afridi had said that he would like to scalp the wickets of India’s top-order ahead of the match and HE DID. Shaheen certainly walked the talk as he got rid of Rohit Sharma, KL Rahul and later Virat Kohli during the course of the match. Now, Pakistan would want him to replicate the kind of performance he unleashed in the last game when he took the centre stage against the Kiwis. New Zealand comprises some of the finest batsmen in their unit such as the likes of Kane Williamson, Martin Guptill, Devon Conway who have the ability to turn around a game on its head single-handedly. Pakistan would need to pick up early wickets just like they did against India to prevent New Zealand from putting up a big total. Kane Williamson holds the key New Zealand batsman Kane Williamson would play a key role against a bowling line up that Pakistan possesses. The right-handed batsman can negotiate this ruthless bowling unit with his patience and should look towards staying at the crease as much as he can just like India captain Virat Kohli did. Though, Kohli fell short of partners at the other end and India were were restricted to a lesser total. Probable XI New Zealand: Tim Seifert (wk), Martin Guptill, Kane Williamson (c), Devon Conway, Glenn Phillips, James Neesham, Mitchell Santner, Tim Southee, Lockie Ferguson, Trent Boult, Ish Sodhi Pakistan: Babar Azam (c), Mohammad Rizwan (wk), Fakhar Zaman, Mohammad Hafeez, Shoaib Malik, Asif Ali, Shadab Khan, Imad Wasim, Hasan Ali, Haris Rauf, Shaheen Afridi CE fantasy XI Mohammad Rizwan, Martin Guptill, Kane Williamson, Babar Azam, Fakhar Zaman, Shoaib Malik (C), Mitchell Santner, Mohammad Hafeez, Trent Boult, Hasan Ali, Shaheen Afridi (VC)