5 IPL Franchises With Highest Revenue In 2023

IPL is the biggest cricket league in the world (Twitter)IPL is the biggest cricket league in the world (Twitter)

The cricketing world has seen a transformative shift towards commercialization, especially evident in franchise-based leagues like the Indian Premier League (IPL).

Besides being sports teams, these franchises are comprehensive entertainment enterprises that generate significant revenues through multiple channels, including sponsorships, media rights, and match-day sales.

In this article, we take a look at the top five IPL franchises with most revenues in FY 2022-23, as reported by Business Standard.

5. Lucknow Super Giants - ₹286 Crores

Lucknow Super Giants was the franchise with fifth highest revenue (X.com)Lucknow Super Giants was the franchise with fifth highest revenue (X.com)

Lucknow Super Giants (LSG) stand out as a remarkable example of swift commercial success in the IPL. In just a short span, LSG managed to generate a significant revenue of ₹286 crores in the fiscal year 2022-23. 

This impressive financial performance is proof of their strategic entrance into the league, robust management, and a keen focus on building a strong brand that resonates with fans.

4. Chennai Super Kings - ₹292 Crores

CSK was the franchise with fourth highest revenue (X.com)CSK was the franchise with fourth highest revenue (X.com)

Under the guidance of MS Dhoni, Chennai Super Kings (CSK) not only thrive on the cricket field but also excel in the business arena. 

With revenue of ₹292 crores, including ₹78 crores from sponsorships, CSK's business model focuses on leveraging its massive fan base and consistent on-field success to sustain high profitability.

3. Mumbai Indians - ₹359 Crores

MI was the franchise with third highest revenue (X.com)MI was the franchise with third highest revenue (X.com)

Owned by India Win Sports Pvt. Ltd, Mumbai Indians have harnessed their brand to generate ₹359 crores in revenue. 

Their incredible success, characterized by five IPL titles, has bolstered their position as a top franchise, appealing to a global fan base and attracting substantial commercial interests.

2. Gujarat Titans - ₹360 Crores

GT was the franchise with second highest revenue (X.com)GT was the franchise with second highest revenue (X.com)

Gujarat Titans, despite being newcomers, have shown that strategic brand-building along with exceptional on-field performance can lead to rapid financial success. 

Their impressive earnings of ₹360 crores underline the potential for new teams to rise quickly in the IPL's competitive landscape.

1. Delhi Capitals - ₹367 Crores

DC was the franchise with the highest revenue (X.com)DC was the franchise with the highest revenue (X.com)

Topping the chart, Delhi Capitals emerged as the most lucrative IPL franchise with revenues reaching ₹367 crores in FY 2022-23. 

Their aggressive approach to both marketing and cricket, along with a focus on nurturing young talent, has translated into both commercial success and a solid competitive edge in the league.